P2P Lending Revealed: Business Versions, Definitions & Statistics
Peer-to-Peer Lending Platforms
P2P financing platforms help interactions amongst the need part (borrowers) and offer side (loan providers) of this financing process. The two most essential jobs for platforms are to recruit borrowers and lenders and to set the rules and terms of engagement to create a well-functioning marketplace. Besides market-making, key functions likewise incorporate loan processing and tasks adding to developing a community.