Lending startup SlicePay has bought Delhi-based P2P lending platform Trustio in an all equity deal which the former hopes will strengthen its team, product portfolio and infrastructure. Trustio, launched last year, enables alumni of a select number of colleges access to short-term credit sourced from their colleagues utilizing a credit scoring model that relies on education, professional experience and backer numbers.
"We have been getting many inbounds from NBFCs (non-banking financial companies) over the last few months as we have established that there is a huge market of new-to-credit...
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