P2P Directory Part 5: The New Entrants (2025-26)

The P2P sector continues to attract new regulated players, especially those with existing customer bases in stock broking or financial planning. These “New Entrants” often focus on conservative initial growth to maintain a clean track record.

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16. 1 Finance P2P (1 Finance P2P Private Limited)

The New Challenger.

Metric	Value (As of March 31, 2026)
Status	Recently Registered NBFC-P2P
Average Returns	Up to 16% p.a.
NPA Rate	0.00% (Early stage; no loans > 90 days yet)
Cumulative Disbursement	₹3,40,000 (Seed Phase)

Overview

1 Finance P2P is the lending arm of the popular financial advisory platform 1 Finance. Their strategy is to offer P2P lending as a “satellite asset” for their existing advisory clients.

Strengths: Backed by a strong advisory ecosystem; very cautious credit underwriting in the initial phase. Red Flags: Extremely small scale currently; “0% NPA” is a factor of the young loan book and will naturally rise as the book matures.

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17. 5Paisa P2P (5Paisa P2P Limited)

The Broker-Integrated Option.

Metric	Value (2026)
Average Returns	9% - 15% p.a.
Core Ecosystem	5Paisa Discount Broking
Focus	Portfolio Diversification for Stock Investors

Overview

5Paisa Capital Ltd launched its P2P vertical to allow its millions of stock-trading users to park idle cash in a higher-yield alternative to savings accounts.

Strengths: Integrated with the 5Paisa app (easy fund transfer); backed by a publicly listed parent company. Red Flags: P2P is not their core business; the user interface for P2P is often secondary to their trading platform.

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18. New Applicant Licenses

As of May 2026, several other fintechs are in the “In-Principle” approval stage or have recently secured their NBFC-P2P status. These include:

• TradeCred (P2P Arm): Exploring retail P2P for invoice discounting.
• SaveIn: Focused on medical/healthcare-related P2P loans.
• BharatX: Exploring P2P for “Buy Now Pay Later” (BNPL) credit backing.

Note: Always check the Official RBI List of NBFC-P2P to confirm if these platforms have transitioned to “Full” registration status before investing.

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Next Part: Part 6: Investment Apps & Gateways — CRED Mint, MobiKwik Xtra, and BharatPe