i2ifunding looks to break even by second half of FY20

i2ifunding.com, a peer-to-peer (P2P) lending platform, today said it aims to break even by the second half of 2019-20, given its robust growth in the last two years and promising outlook in the next two years.

i2ifunding, launched in October 2015, disburses loan worth Rs 60-75 lakh per month.

It has a vision to scale up this disbursement up to Rs 200 crore over the next two years, i2ifunding.com said in a statement.

With this pace, the company is most likely to achieve its break even point within two years, which is a year sooner than expected, it added.

"Against the traditional brick and mortar institutions, P2P lending gains an edge due to its cost effectiveness and shorter turnaround time for loan disbursements. i2ifunding has achieved a leadership position in this segment and is most likely to break even by 2019-20," i2ifunding.com co-founder Vaibhav Pandey said.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)