Innofin Solutions Private Limited: The Company Behind LenDenClub
Sign up for the LenDenClub app and you will see another name in the fine print: Innofin Solutions Private Limited. That is the legal company behind the platform, and it is the name that appears on agreements, statements and regulatory records.
This profile explains who Innofin Solutions is, how its business works and what to check before you lend or borrow through it.
TolyGPT is not affiliated with Innofin Solutions or LenDenClub. This is general information, not financial advice. Peer-to-peer lending carries a risk of losing money.
Innofin Solutions at a Glance
| Detail | Information |
|---|---|
| Legal name | Innofin Solutions Private Limited |
| CIN | U74999MH2015PTC266499 |
| Founded | 2015 |
| Founders | Bhavin Patel and Dipesh Karki |
| Head office | Mumbai, Maharashtra |
| Main brand | LenDenClub |
| Regulatory status | RBI-registered NBFC-P2P since 2018 |
What Is Innofin Solutions Private Limited?
Innofin Solutions is an Indian fintech company that owns and operates LenDenClub, a peer-to-peer lending platform. It was founded in Mumbai in 2015.
In 2018 the company received a licence from the Reserve Bank of India to operate as a Non-Banking Financial Company for peer-to-peer lending, known as an NBFC-P2P. That licence is what allows it to connect lenders and borrowers legally.
How Does P2P Lending Work?
- A borrower applies for a loan on the platform.
- The platform checks identity and credit data and lists approved loans.
- Individual lenders choose loans, or parts of loans, to fund.
- Borrowers repay in instalments with interest.
- Repayments are passed back to the lenders.
The platform is a marketplace, not a bank. It does not lend its own money and it does not guarantee that a borrower will repay.
Funding and Growth
| Year | Milestone |
|---|---|
| 2015 | Company founded in Mumbai |
| 2016 | Seed funding led by Venture Catalysts |
| 2018 | NBFC-P2P licence from RBI and a Pre-Series A round of about $1.5 million |
| 2021 | Series A round of $10 million at a reported valuation of $51 million |
| 2022 | Launch of a fixed-maturity P2P plan |
Regulation and Compliance
P2P lending in India is regulated by the RBI. In 2024 the RBI imposed a monetary penalty of ₹1.99 crore on Innofin Solutions for not complying with certain P2P lending and digital lending rules.
The RBI also tightened its rules for all P2P platforms in 2024. Platforms may not promise assured returns, offer credit guarantees or present P2P lending as a deposit-like investment product.
These points matter if you saw older marketing that described fixed or guaranteed returns. Under current rules, the risk of a borrower defaulting sits with the lender.
Things to Check Before You Use the Platform
- Verify the registration. Look up Innofin Solutions Private Limited in the RBI’s list of registered NBFC-P2P companies.
- Understand the risk. There is no deposit insurance on P2P loans, and returns are not guaranteed.
- Know the limits. RBI rules cap how much one person can lend across all P2P platforms.
- Check liquidity. Your money is tied to loan repayments. You may not be able to withdraw early.
- Read the fees. Platform and collection fees reduce your net return.
- Diversify. Spread money across many borrowers instead of a few.
How to Raise a Complaint
- Contact the grievance officer listed on the company’s official website.
- Keep written records of every message and reference number.
- If the complaint is not resolved within 30 days, you can file it under the RBI Integrated Ombudsman Scheme through the RBI’s complaint portal.
Frequently Asked Questions
Is Innofin Solutions Private Limited the same as LenDenClub?
LenDenClub is the brand and platform. Innofin Solutions Private Limited is the registered company that owns and operates it. Agreements and regulatory records use the company name.
Is Innofin Solutions registered with the RBI?
Yes. The company received an NBFC-P2P licence from the Reserve Bank of India in 2018. You can confirm the current status on the RBI website.
Is my money safe with a P2P platform?
P2P lending is regulated, but it is not risk free. If a borrower does not repay, the lender bears the loss. There is no deposit insurance and no guaranteed return.
Who founded Innofin Solutions?
The company was founded in 2015 by Bhavin Patel and Dipesh Karki.
Final Thoughts
Innofin Solutions Private Limited is the RBI-registered company behind LenDenClub, one of India’s better known peer-to-peer lending platforms. It is a real, regulated business with venture funding behind it.
Regulation does not remove risk. Treat P2P lending as a higher-risk part of your money, read the current terms and never lend more than you can afford to have locked up or lost.
