About Lending Wing
Lending Wing is a Financial Services company based in California City (United States) founded in 2015. It operates an online marketplace for unsecured personal loans. It operates on a B2C model. Its Indian entity Ing Vysya Bank Limited reported revenue of ₹2,262 Cr. Its focus areas include Fintech, Lending and Personal Loans. Similar companies include SoFi, Avant, Moneylion, Upgrade and Earnest and 5 more; 10 of its 10 listed similar companies have raised funding.
Company details
Lending Wing operates an online marketplace for unsecured personal loans through offering financial products and advice, fintech, facilitating loans and financing, and personal loans. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters California City, United States
- SectorsFinancial Services
- Email••••••••
- Website lendingwing.com
- Social Facebook
- Legal Name Ing Vysya Bank Limited
- Date of Incorporation 29 Mar, 1930
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,262 Cr
FY 2024 · 0% YoY
Associated legal entities of Lending Wing
Lending Wing operates through Ing Vysya Bank Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ing Vysya Bank Limited Listed CIN L85110KA1930PLC000124 | Amalgamated | 29 Mar 1930 | Bangalore, Karnataka | ₹2,262 Cr | – | 11 | View details |
Board of directors of Ing Vysya Bank Limited (Lending Wing)
Ing Vysya Bank Limited is the primary company behind Lending Wing. The board of Ing Vysya Bank Limited currently have 11 directors; the longest-serving is Maddali Venkata Satya Apparao, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maddali Venkata Satya Apparao DIN 00484877 | Company Secretary | 27 Jul 2007 | 19 yrs 2 mo | Ing Vysya Bank Limited |
| Santosh Desai DIN 01237902 | Director | 29 Apr 2008 | 18 yrs 5 mo | Ing Vysya Bank Limited |
| Meleveetil Damodaran DIN 02106990 | Director | 21 Jul 2008 | 18 yrs 2 mo | Ing Vysya Bank Limited |
| Vaughn Nigel Richtor DIN 00698356 | Director | 01 Jun 2009 | 17 yrs 4 mo | Ing Vysya Bank Limited |
| Vikram Talwar DIN 00416236 | Director | 20 Dec 2010 | 15 yrs 9 mo | Ing Vysya Bank Limited |
| Mark Edwin Newman DIN 03518417 | Director | 20 Apr 2011 | 15 yrs 6 mo | Ing Vysya Bank Limited |
| Jayant Mehrotra DIN 07681406 | CFO | 29 Apr 2014 | 12 yrs 5 mo | Ing Vysya Bank Limited |
| Alka Marezban Bharucha DIN 00114067 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Adrianus Johannes Antonius Kas DIN 06853983 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Kewal Kundanlal Handa DIN 00056826 | Additional Director | 12 Aug 2014 | 12 yrs 2 mo | Ing Vysya Bank Limited |
| David Han Lee Yong DIN 07015440 | Additional Director | 10 Nov 2014 | 11 yrs 11 mo | Ing Vysya Bank Limited |
Financials of Lending Wing
Figures of Ing Vysya Bank Limited, the primary company behind Lending Wing, for FY 2024. Revenue was ₹2,262 Cr (0% year on year). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹2,262 CrRevenue · FY 2024 · 0% YoY
- ₹192 CrPaid-up capital
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ing Vysya Bank Limited are on its company page.
Detailed financial statements for Lending Wing
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Similar companies to Lending Wing
Lending Wing has 10 listed similar companies in our database, 10 of them funded. They include SoFi, Avant, Moneylion, Upgrade and Earnest, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sofi.com | 2011 | San Francisco, United States | $3.04B | 3,066 | Various consumer loans and financial services are offered online. | |
| avant.com | 2012 | Chicago, United States | $905.23M | 547 | Consumer loans are facilitated via an online platform. | |
| moneylion.com | 2013 | Sandy, United States | $268.43M | 296 | Instant consumer loans and mobile banking are offered online. | |
| upgrade.com | 2016 | San Francisco, United States | $750M | 1,221 | Consumer credit and banking products are offered to individuals. | |
| earnest.com | 2013 | San Francisco, United States | $107M | 131 | Student loan refinancing and personal loans are offered by Earnest. | |
| lendingpoint.com | 2014 | Atlanta, United States | $137.17M | – | Personal loans are facilitated through an online marketplace platform. | |
| prosper.com | 2005 | San Francisco, United States | $414.29M | 360 | Peer-to-peer lending platform connecting borrowers and investors. | |
| possiblefinance.com | 2017 | Seattle, United States | $49.56M | – | Multiple consumer loans are offered through an online platform. | |
| bestegg.com | 2000 | Wilmington, United States | $300M | 325 | Personal loans are offered via an online platform. | |
| oportun.com | 2005 | Menlo Park, United States | $204.21M | 1,866 | Online platform for consumer loans |
Detailed similar companies of Lending Wing
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Top companies in Consumer and SME Loans
10 companies that operate in the same segment as Lending Wing (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 |
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Frequently Asked Questions about Lending Wing
Lending Wing was founded in 2015.
Lending Wing is headquartered in California City, United States. It is registered at California City, California, United States.
The primary company behind Lending Wing, Ing Vysya Bank Limited, reported revenue of ₹2,262 Cr for FY 2024, down 0% year on year.
Lending Wing operates an online marketplace for unsecured personal loans through offering financial products and advice, fintech, facilitating loans and financing, and personal loans. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Lending Wing operates through Ing Vysya Bank Limited.
The legal entities of Lending Wing currently have 11 directors, including Mark Edwin Newman, Vikram Talwar, Vaughn Nigel Richtor and others.