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OMLP2P receives Certificate of Registration from RBI
OMLP2P becomes one of the first peer-to-peer lending companies to apply for the P2P platform licence in India and now being accredited by the national regulator.

OHMY Technologies Private Limited, the owner and operator of omlp2p, an online Peer-to-Peer lending marketplace, has received its Certificate of Registration (CoR) from the Reserve Bank of India (RBI), thus officially establishing itself as an NBFC-P2P. In December 2017, OMLP2P was the first company to apply for registration as a peer-to-peer lending platform under the RBI Direction released by the regulator in October 2017.

Commenting on the same, Spokesperson, Surendra Kumar Jalan – CEO of the company, OHMY Technologies P. Limited, said, “With a business model that was compliant with all regulatory requirements as laid down by the RBI last year, we were the first peer-to-peer lending company in India to apply for registration as an NBFC-P2P. Receiving the Certificate of Recognition is a significant milestone that heralds a new phase of growth for the company, as well as for India’s P2P lending sector.”

OHMY Technologies Private Limited was incepted in 2016 in Mumbai, India, and actively spent time researching and developing a process that allowed for convenient and profitable P2P lending for the Indian economy. The company has meticulously designed its process to ensure regulatory compliance, customer convenience, transaction transparency, and repayment support to create a business model that the company intends to use to make itself the market leader in the nascent P2P lending sector in India. Currently the company is present in 32 cities across India, the NBFC-P2P plans to enter another 40 cities in the near future; resulting into a presence of 72 Cities across India (these 72 cities cover more than 90% of lending business of India). The promoters of the company also head OHMY Loan Private Ltd, an RBI-registered NBFC that facilitates finance for MSMEs in the country.

Commenting on the same, Pramod Kumar Akhramka, Managing Director and Founder said, “We have the unique advantage of serving the lenders and borrowers across India in a cost effective manner with the shortest TAT (turn around time), benefitting both borrowers and lenders. Our platform also ensure and help financial inclusions of masses not having access to avail credit for their requirements.”

The company uses a proprietary algorithm and compliance – friendly KYC process to ensure that both borrowers and lenders on their platform have all the required information to make their funding and borrowing decisions. Their offerings are poised to disrupt the Indian financial ecosystem, in which young professionals and MSMEs are often denied access to credit from legacy financial institutions due to their lack of a transactional and credit history. The company collaborates with CRIF High Mark and CIBIL and uses its cutting-edge algorithm to ascertain the actuarial risk involved in providing credit to a borrower on the platform. The platform also enables borrowers and investors to diversify their transactions, which enables efficient disbursal of credit and risk amongst multiple investors.

OHMY Technologies Private Limited is the owner and operator of, an online Peer-to-Peer (P2P) lending platform. This peer-to-peer marketplace for individuals and businesses (MSME segment) facilitates loans online from Lenders (investors) in a transparent, convenient, and effective manner. The company leverages the extensive experience of its professional founders in the field of banking, credit, technology and finance to provide an online marketplace for prospective borrowers and lenders. The company has an extensive Credit Risk Early Warning (CREW) process in place, focusing on accounts with higher probabilities of default. OMLP2P also relies on a strong in-house collection framework, with its collection team of seasoned industry professionals. Repayment is facilitated through a comprehensive reminder process before the instalment deadline, and a follow-up process afterwards, to ensure timely repayment of the credit taken.

20 June, 2018
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