March 10, 2015
Peer-to-Peer (P2P) and Online Platform based Business (OPB) Lending Report
The future of alternative lending is looking bright in the US. Non-traditional alternative lending has grown rapidly in the last few years. Alternative lending caters to those customers who need cash but might not qualify for traditional bank loans because of poor credit profiles.
In the financial services industry, the P2P segment emerged first in 2005 – focusing on lending and borrowing. P2P lending platforms, also known as marketplace lending platforms, offered an alternative to traditional banking and payment systems, since they cater to the underserved with services like consumer lending, student loans, real estate and small-business lending products. While these online providers create a marketplace for lende ...