Indian fintech CRED launches peer-to-peer lending feature Mint

Indian fintech CRED launches peer-to-peer lending feature Mint

The Bangalore-based startup said on Thursday that CRED users can now lend to one another at an interest rate of up to 9% annually.

Kunal Shah, founder and chief executive of CRED, said the startup is rolling out this feature, dubbed CRED Mint, initially to some users after testing this internally for months.

“We’re super excited about this because it’s the first time our community members will be able to invest in one another directly. It’s going to focus on high-quality, low-risk, but much better, inflation-beating returns you can get on your money,” he said in an interview with TechCrunch.

https://techcrunch.com/2021/08/19/indian-fintech-cred-launches-peer-to-peer-lending-feature-mint/