Transactree Technologies Pvt Ltd, the parent company of P2P lending platform Lendbox and alternative investment platform Per Annum, is facing increased scrutiny following allegations of misleading marketing practices. Investors have raised concerns regarding the company’s claimed assets under management (AUM) of ₹10,000 Cr, particularly in light of the Reserve Bank of India’s (RBI) tightened regulations on peer-to-peer (P2P) lending in 2024. The RBI’s crackdown aimed to eliminate practices that blurred the lines between marketplace lending and deposit-like products, yet reports suggest that Lendbox and Per Annum are marketing investment opportunities with high-return promises while downplaying associated risks. Investors have reported being pitched returns of up to 15% on P2P loans and 30-40% on fractional real estate investments, raising questions about the transparency of risk disclosures. The scrutiny is compounded by the company’s previous involvement in the MobiKwik Xtra controversy, where investors faced difficulties accessing funds after the RBI’s regulatory overhaul. Despite claiming to facilitate approximately ₹50 Cr in monthly disbursements, the company has seen a decline in its financial performance, with revenue dropping from ₹422.3 Cr in FY24 to around ₹275 Cr in FY25. Lendbox’s claims of a ₹10,000 Cr AUM have also come under fire, with industry estimates suggesting a significant contraction in the P2P market following regulatory changes. The RBI has prohibited the marketing of products with assured returns, yet reports indicate that Lendbox continues to present its offerings in a manner that may mislead investors about the underlying risks. As the alternative lending landscape evolves, the focus on transparency and risk disclosure remains critical, particularly for platforms like Lendbox and Per Annum that are navigating a complex regulatory environment.
