New Jersey, United States-Peer-to-peer lending is the practice of a person borrowing money from another person without going through a bank or financial organization. The primary goal of P2P lending is to increase returns for lenders while lowering interest rates for borrowers. Furthermore, because P2P lending is exclusively conducted online, it aids in the provision of quick and convenient loans. The market’s growth is hampered by the risk of insolvency, the installation of strict government regulations for loan approvals, and poor public understanding of the benefits of P2P lending.
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Key Players
Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree LLC, On Deck Capital Inc., Prosper Marketplace Inc., RateSetter, Social Finance Inc., and Zopa Limited
Segment Analysis
By Business Model
Traditional Lending
Alternate Marketplace Lending
By Loan Type
Consumer Credit Loans
Small Business Loans
Student Loans
Real Estate Loans
By End-User
Business
Personal
Covid-19 Analysis
Furthermore, as the coronavirus disease (COVID-19) spreads around the world, P2P lending is gaining appeal as a means of acquiring unsecured loans to pay treatment costs. Various technological breakthroughs, such as the development of blockchain technologies and intelligent contracts, are also contributing to the expansion of the economy. They provide clear and trustworthy loan and borrowing services that protect the interests of all parties concerned.
Download the Full Index of the Peer to Peer (P2P) Crowdfunding Market
Key Questions Answered:
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