$28 Bn of Loans Disbursed by Top 5 Technology-Based Personal Lending Companies

Recently, SoFi, a US-based online peer-to-peer loan platform that connects students and recent graduates with alumni and institutional disclosed that it had surpassed $6 billion in funded loans since its inception in 2011. For the past five to seven years, the technology-based personal lending industry has been experiencing the launch of multiple startups. These companies are positioned to provide generic loans or to offer industry-specialized loans such as education refinancing, house loans, auto loans etc. Companies are evolving with the use of better technological tools and are providing cross-industry lending services. This helps them to leverage the huge market potential of ...

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