Fintech lenders collaborate on the FACE platform to advance digitalisation, consumer-centricity, innovation, and financial inclusion. Joining an active community helps members shape fintech lending and its impact on people and society. FACE Membership brings camaraderie and shared opportunities. Members engage and work with industry colleagues, contribute to discussions, and drive industry-wide initiatives that deal with the most pressing industry challenges and opportunities.
If fintech lending is integral to your business and you are keen to make a positive and sustainable impact in the fintech-lending industry, we invite you to join FACE as a member to:
Stay at the forefront of the latest industry trends and regulatory developments.
Involve in setting the agenda for the fintech-lending eco-system.
Engage with decision-makers on policy and regulatory matters.
Shape and contribute towards the solutions for common problems.
Contribute and access knowledge (research papers, industry reports, standards, industry events, technical sessions, discussion forums)
Collaborate and network.
Exchange insights, advice and expertise within the peer community
Amplify and champion fintech lending (through the FACE website, social media, publications, events, and media interfaces)
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:
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06 – Access to FACE Governing Body/FACE Members/Working Groups/Know-how/Communication
– Eligible to contest for the Board seat and voting rights in the General Body
– Rs 50,000 (for those paying the floor amount)
– Rs 1 Lakh (for those paying above the floor amount)
Joining fee:
– Rs 50,000 (for those paying the base amount)
– Rs 1 Lakh (for those paying above the base amount)
Annual membership fee:
– For FY 24-25, the annual membership fee is 0.01% of the disbursement value in FY 23-24, subject to the base (Rs 1 Lakh) and cap (Rs 10 Lakhs), pro-rated for the period.
– Entities other than individuals directly engaged in digital lending activities, regulated by the RBI or otherwise, shall be eligible to apply for membership in the Company.
– Regulated entities and Loan Service Providers (LSPs) working with Regulated entities directly interfacing with consumers in offering digital loans qualify to take membership in this category.
Entities other than individuals in-directly involved or keen to engage with digital lending for technology, research, investment, advisory, advisories, consulting, and debt funding, among others.
Access to FACE Members/WGs/Know-how/Communication
Not Eligible for Board seat and no voting rights in General Body
Not applicable
FACE has a diverse membership consisting of Regulated Entities and Loan Service Providers working with Regulated Entities to offer digital/fintech loans. Our members provide digital loans across products and market segments, meeting the credit needs of retail consumers, small businesses and MSMEs. We estimate FACE members account for 80% of retail lending volumes.
If fintech lending is integral to your business and you strive to positively impact the fast-evolving fintech-lending ecosystem, we invite you to join FACE as a member. Please write to team@faceofindia.org to receive the application form, admission standards and process.
FACE Boards objectively evaluates all applications for membership on parameters like,
The Board conducts a thorough and fair assessment of the application, and the decision of the Board is final and binding.
Fintech Association for Consumer Empowerment
