Faircent

### Company Type:
Faircent is a peer-to-peer lending platform that connects individual borrowers with individual lenders. It operates as an online marketplace for borrowers and lenders to interact and engage in lending and borrowing money.

### Industry:
Faircent operates in the fintech industry, specifically focusing on peer-to-peer lending services.

### Founded Year:
Faircent was founded in the year 2013.

### Founders:
The company was founded by Rajat Gandhi, Vinay Mathews, and Nitin Gupta. Rajat Gandhi serves as the CEO of Faircent, bringing his expertise in the financial services industry to lead the company.

### Services:
Faircent provides a platform where borrowers can request loans directly from individual lenders. The platform facilitates the process by verifying the borrower’s details, creditworthiness, and risk profile. Lenders can then assess the loan requests and choose to fund them based on their criteria and risk appetite.

### History:
Faircent started with the aim of disrupting the traditional lending industry by providing a decentralized platform for individuals to access loans and invest in them. Over the years, the company has grown and expanded its services to cater to a larger audience of borrowers and lenders.

### Present:
As of the present day, Faircent continues to operate as a leading player in the peer-to-peer lending industry in India. The platform has facilitated numerous loan transactions and has helped individuals access funding that may not have been possible through traditional financial institutions.

### Awards and Recognition:
Faircent has received recognition for its innovative approach to lending and financial inclusion. The company has been featured in various media outlets and has won awards for its contribution to the fintech sector.

### Frequently Asked Questions:

#### Q: How does Faircent work?
A: Faircent works by connecting borrowers seeking loans with individual lenders. The platform facilitates the entire loan process, from application to disbursal, providing a transparent and efficient method for borrowing and lending money.

#### Q: Is Faircent safe to use?
A: Faircent ensures the safety of its users by implementing robust security measures and verification processes. The platform also provides information on borrower profiles and loan requirements to help lenders make informed decisions.

#### Q: What are the benefits of using Faircent?
A: Faircent offers benefits such as lower interest rates compared to traditional lenders, personalized loan options, transparency in the lending process, and the opportunity for lenders to diversify their investment portfolios.

#### Q: How can I sign up as a borrower or lender on Faircent?
A: To sign up as a borrower or lender on Faircent, you can visit the company’s website and create an account. You will need to provide necessary information and complete the verification process to start using the platform for borrowing or investing.

#### Q: What sets Faircent apart from other lending platforms?
A: Faircent distinguishes itself by offering a peer-to-peer lending model that directly connects borrowers with lenders, eliminating the middlemen and providing a more efficient and cost-effective lending solution.

#### Q: Can I trust the borrowers on Faircent?
A: Faircent conducts thorough verification processes on borrowers to assess their creditworthiness and risk profile. Additionally, the platform provides information on borrower histories and loan requirements to help lenders make informed decisions and mitigate risks.