P2P Lending Platform LenDenClub Swings to Rs 34 Cr Profit in FY25 from Loss in Previous Fiscal

Peer-to-peer lending platform LenDenClub reported consolidated net profit of Rs 34 crore during 2024-25 financial year, moving up from a net loss of Rs 14 crore in FY24, reflecting a growth of over 340 per cent year-on-year. Posting its strongest-ever profitability at the group level, the company reported 28 per cent growth in its consolidated revenue to Rs 236 crore from Rs 185 crore in FY24. The EBITDA stood at Rs 50 crore, improving by 300 per cent from the previous fiscal. 

“This is particularly significant given the regulatory headwinds faced by the sector, including sudden policy changes, the requirement to bring existing transactions under new rules, and a short transition window for overhauling payment mechanisms,” the company said in a statement.

LenDenClub Group’s business verticals include peer-to-peer (P2P) lending, loan service provider (LSP) operations, and technology service provider (TSP) offerings. The technology platform business has contributed around 20 per cent of the group's revenue. Across different platform businesses, the group has cumulatively facilitated more than Rs 16,000 crore in credit disbursals to date, with a registered user base of over 3 crores.

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Speaking on the financial results, Bhavin Patel, Co-founder and CEO of LenDenClub Group, said,  “FY25 marks a milestone year for us, with profitability achieved at the group level despite regulatory shifts in P2P lending that required business restructuring. Over the last year, we have almost overcome the legacy of pre-regulation P2P transactions, and all our new practices are now perfectly aligned with the updated regulatory framework.

India’s peer-to-peer (P2P) lending market has expanded swiftly, reflecting strong demand for alternative credit channels and rising digital adoption. Estimates place the market between $8–16 billion in 2024–25, with projections of $23–38 billion by 2030–31, at a CAGR of 14–18 per cent with consumer credit and SME financing dominating.

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The sector’s significance lies in its ability to expand financial inclusion by directly connecting borrowers, particularly individuals and small businesses lacking collateral or formal credit histories with lenders. This disintermediation reduces costs, accelerates approvals, and ensures transparency. For investors, P2P platforms offer attractive returns of 10–14 per cent, far higher than traditional deposits, with low entry thresholds starting from about Rs 1,000.