Company Information

Get to know Finzy

Founded in 2016 and headquartered in Bangalore, Finzy operated as a digital peer-to-peer lending platform in India. It was registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company - Peer to Peer Lending Platform (NBFC-P2P). The company's mission was to make credit more accessible and affordable for borrowers while providing a new asset class for investors seeking higher returns. Finzy used proprietary algorithms for credit assessment to connect borrowers seeking personal loans with investors. However, according to multiple media reports in late 2022 and early 2023, Finzy suspended its operations and laid off its workforce due to challenges in securing further funding.

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Financial Other Service

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Finzy

India

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.