Membership

If fintech lending is integral to your business and you are keen to make a positive and sustainable impact in the fast-evolving fintech-lending ecosystem, we invite you to join FACE as a member

Membership process

1

Submit the Application Form and Requested Documents

2

FACE Board to Review the Application, Applicant shall be Notified

3

On Approval, member pays the fees as per the below structure

4

Become a member to FACE

Membership

Lender Partner
Eligibility

Entities, other than an individual, directly engaged in activities related to digital lending, regulated by the RBI or otherwise, shall be eligible to apply for membership in the Company.

Entities, other than individuals, in-directly engaged or keen to engage with digital lending for technology, research, investment, advisory, advisories, consulting, debt funding among others.

Specific Privileges
  • Access to FACE Governing Body/FACE Members/Working Groups/Know-how/Communication
  • Eligible to contest for the Board seat and voting rights in General Body
  • Access to FACE Members/WGs/Know-how/Communication
  • Not Eligible to for Board seat and no voting rights in General Body
One-time admission fee*
  • Rs 50 thousand (for those paying the floor amount)
  • Rs 1 Lakh (for those paying above the floor amount)
Annual membership fee**
  • An annual subscription will be 0.01% of disbursement value in the previous FY***, subject to the floor (Rs 3 Lakhs) and cap (Rs 10 Lakhs), pro-rated for the period
  • Rs. 5 Lakhs

*Paid once at the time of joining after membership approval

** Every year, the FACE Board approves the annual membership fee structure for the financial year, ratified by the AGM. Paid pro-rated in advance for the year at the time of joining and paid annually subsequently for renewal of the membership at the beginning of the financial year

*** For FY 22-23, the disbursement value in FY 21-22 will be considered. For FY 23-24, the disbursement value for FY 22-23 will be considered to calculate the annual subscription

Connect with us at: teamface@faceofindia.org

Eligibility will be decided on below-mentioned parameters

  • Adherence to Regulations
  • Business Engagement with Fintech Lending
  • Years of Service
  • Lending Partners
  • Adherence with FACE CoC and other documents

*Inclusion of any member will require careful consideration and approval from Board of FACE. There shall be a fair evaluation of the application, but the decision of the Board shall be final and binding.

Value proposition for members

If fintech lending is integral to your business and you are keen to make a positive and sustainable impact in the fast-evolving fintech-lending ecosystem, we invite you to join FACE as a member to:

  • Participate to set the agenda for fintech-lending eco-system
  • Engage with decision-makers for policy and regulatory framework
  • Shape and contribute towards the solutions for common issues
  • Contribute and access to knowledge

    (research papers, industry reports, standards, industry events, technical sessions, discussion forums)

  • Collaborate and network with peers and organizations who share similar goals and/or complementary business models
  • Amplify and champion fintech lending

    (through FACE website, social media, publications, events, media interfaces)

Know more about our Members