B2B, P2P (Peer-to-Peer), B2C lending have been the most sought after financial services for hundreds of years. Some segments, especially P2P is rapidly gaining traction as a credible and vital alternative to large scale banks when it comes to loans and financing. The new breed of P2P lending companies offers affordable lending facilities especially to the SME market. Recent estimates claim that this sector could be a trillion dollar industry within the next decade. In 2013 & 2014, lending companies raised total funding of $567 million which accounts for 24% of the total funding raised by payment companies, as per a new report.
The P2P lending companies are paving the way to reshape the provision of