Senior Analyst of Business Intelligence.

Posted by sedgerhy10 on in P2P Lending

What is P2P lending

Peer-to-peer lending, sometimes abbreviated to P2P lending, is the practice of lending money between individuals. The act of lending from one individual to another has existed for many years, and often done through informal agreements.

With the advent of technology and the spread of e-commerce, this lending activity is brought to another level by leveraging the marketplace platform common in e-commerce. With that, one individual borrower can access funding from many individuals.