Policy · Financial Services

Per Annum faces scrutiny over high-return promises

By Startup Enthusiast · 24 June 2026

What they do

Per Annum sells P2P lending and fractional real estate products

It faces scrutiny for promising up to 15% returns despite RBI 2024 rules

Transactree's FY25 revenue fell 35% to ₹275 crore

Per Annum (Transactree platform) is under scrutiny for making high-return pitches.
Sales personnel promised up to 14-15% returns on P2P products and 30-40% gains on fractional real estate.
These pitches violate RBI 2024 P2P rules that ban such return guarantees.
Sales staff assured prospects that borrower spreads could soften losses, another violation.
Per Annum sells 'Estates' (fractional real estate) and 'P2P Edge' (lending, up to 15% returns over 6 months).
Transactree's operating revenue in FY25 was ₹275 crore, down 35% year-on-year.
Net profit in FY25 was ₹4.8 crore, with deeply negative operating cash flows.
Investor interest payout in FY25 was ₹4.5 crore.

The RBI's 2024 P2P rules prohibit platforms from guaranteeing returns or promising specific gains.
Per Annum's sales narrative directly contradicts these mandates.
The company's financials show declining revenue and weak cash flows.

Per Annum operates the Transactree platform for P2P lending and fractional real estate.
It sells 'Estates' (fractional real estate) and 'P2P Edge' (lending products).
The platform promises up to 15% returns on P2P products and 30-40% gains on fractional real estate.
Transactree's FY25 operating revenue was ₹275 crore, down 35% year-on-year.
Net profit in FY25 was ₹4.8 crore, with deeply negative operating cash flows.
Investor interest payout in FY25 was ₹4.5 crore.