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Policy · Financial Services

Transactree faces RBI scrutiny over sales practices

By ·

Date
Company
Transactree Technologies
What it does
P2P lending and real estate platform
Kind
Policy
Sector
Financial Services

What they do

Transactree owns Lendbox and Per Annum platforms

What happened

RBI tightened rules prohibiting guaranteed returns for P2P loans

Why it matters

Company denies offering assured liquidity or guaranteed returns

The details

  • Regulators are scrutinizing Transactree Technologies' sales practices.
  • The company operates the P2P platform Lendbox and Per Annum.
  • RBI rules prohibit NBFC-P2Ps from guaranteeing loan returns.
  • Lendbox previously partnered with MobiKwik Xtra for investments.
  • Retail investors faced withdrawal difficulties after regulatory tightening.
  • Investors alleged marketing created expectations of easy liquidity.
  • The company states repayments align strictly with loan tenures.
  • Transactree provides disclaimers about potential losses to lenders.

The bigger picture

  • New regulations restrict how P2P platforms can market products.
  • Platforms cannot present loans as bank fixed deposit alternatives.
  • Credit enhancement guarantees are now prohibited by law.
  • Investor backlash triggered legal complaints against the firm.

About the business

  • Transactree is the parent company of Lendbox and Per Annum.
  • Lendbox facilitates peer-to-peer lending through an NBFC partner.
  • Per Annum offers fractional real estate investment products called Estates.
  • Estates target properties in Gurgaon, Bangalore, and Mumbai.
  • Entry points for real estate start at ₹5–10 Lakh.
  • P2P Edge lists loans with up to 15% returns over six months.
  • The platform requires a minimum bureau credit score of 685.
  • Transactree claims to facilitate approx ₹50 Cr monthly disbursements.
  • The firm expects a run rate of approx ₹100 Cr soon.

What happens next

  • Transactree expects its monthly run rate to reach ₹100 Cr.

Investors

  • IvyCap Venture Advisors (investor) — Venture capital firm backing Lendbox.
  • Orios Venture Partners (investor) — Venture capital firm backing Lendbox.

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