I am invested in multiple P2P platforms such as Mintos, Lendermarket, and Esketit, so I am very familiar with standard KYC and compliance processes. However, my onboarding experience with Indemo was completely unreasonable and frankly felt discriminatory.During onboarding, I was asked for an excessive amount of personal documentation, including:Alternative identification and re-verificationExplanation of my “ties to India” (business, property, income, etc.)Police conduct / criminal record certificateProof of residence with very strict requirementsSource of funds, planned deposit amountRecent tax declarationDetailed income disclosureI already had all standard documents, yet the questioning kept escalating. It strongly felt like this level of scrutiny was applied simply because I am Indian, which was uncomfortable and unacceptable.Because of this experience, I decided not to proceed with the platform. After reading other user reviews, I’m actually glad I didn’t — many investors report no returns or delayed payments for 1–2 years. The bonus campaign also looks misleading and raises trust concerns.Transparency, fairness, and equal treatment matter a lot when dealing with financial platforms. Unfortunately, Indemo failed badly on all three in my experience. I would advise others to be very cautious before onboarding.
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