Peer to peer lending platform i2iFunding.com today said it has raised a second round of angel funding of about Rs 5 crore for strengthening its technology infrastructure and expansion. "The new round takes the total funds raised by i2iFunding to about Rs 7 crore. The funds would be utilized for further strengthening its technology infrastructure and geographical expansion," the company said.

Peer to Peer (P2P) lending platform i2iFunding said today that it planned to increase the loans disbursed on its platform to Rs.200 crore over the next two years. It currently disburses loans worth Rs.60-70 crore a month. The company would look at extended its borrower and investor base to more cities as it attempts to do so, with a particular focus on southern India.