PaisaDukan Sets up Technology Captive Centre in Bangalore

Press Release

PaisaDukan Sets up Technology Captive Centre in Bangalore

– The move will help in developing Robust Technology driven Platform for online Peer2Peer Lending marketplace 

Mumbai, 11 Feb 2019: India's emerging peer-to-peer lending platform PaisaDukan today announced that company has set-up a technology captive centre in Kormangla, Bangalore. PaisaDukan's move to setup a Technology Captive Centre has been to attract key talent and to build a physical presence in IT capital of India while Lending business operations will be run from country's financial capital Mumbai.

The objective of this facility will be to design and develop the AI enablement and institutionalising the Block Chain Technology for the PaisaDukan's Peer-to-Peer Lending Platform and Mobile App. The Digital Lending Company has recently launched its Android App and soon will be launching the IOS App. Additionally the Bangalore Center will also look after business expansion in south India market.

The Bangalore Captive Center operations will be managed by Mr. Shailesh Agarwal, a Fintech Veteran and an Ex- Infosys Corporate Accounts Head who is also on the Advisory Board of PaisaDukan since Jan 2018.

"Since our business is purely based on advanced technology and Bangalore has potential to hire key IT people, the decision will help us in reducing the cost of operation and Ramp up the tech product capabilities with AI and Block Chain adoption." said Ms. Neeta Ranjan, Director – Tech Operations at PaisaDukan.

"I am associated with PaisaDukan since past one year and now I am excited to accept this new responsibility. The decision will surely help us elevating our credit decisioning products, AI and Block chain initiative and collaboration with emerging start-ups to help & benefit each other." said Mr. Shailesh Agrawal.

PaisaDukan has been the first new entrants to get NBFC P2P Certificate of Registration (CoR) from the Reserve Bank of India in July last year.