Vartis Platforms Sets Ambitious Global Growth Target
Vartis Platforms, the parent of LenDenClub and InstaMoney, aims for a Rs 1,000 crore revenue and global reach within two years. The group, now a unified brand, plans to expand in workforce and markets, especially Southeast Asia, evolving into an integrated financial ecosystem.
- Country:
- India
Vartis Platforms, the parent company of renowned fintech entities LenDenClub and InstaMoney, has announced an ambitious target to achieve Rs 1,000 crore in revenue and global expansion over the coming two years, according to a high-ranking official on Monday.
The unification into Vartis Platforms sees the marriage of LenDenClub, an RBI-sanctioned P2P lending pioneer, InstaMoney, a foremost loan facilitator, and Vartis One, the technological backbone of the group. Their combined efforts are projected to deliver consolidated revenues of Rs 1,000 crore by the fiscal year 2028, building from a robust base of Rs 236 crore in FY25.
The strategy includes boosting the workforce from 300 to potentially 700 employees, capitalizing on technological and data-driven enhancements. Vartis aims to penetrate emerging markets in regions like Southeast Asia, addressing credit accessibility and digital infrastructure needs.
(With inputs from agencies.)
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