Into the economic globe, a brand new approach to financing has become quite popular called social lending or peer to peer (P2P) lending. In p2p financing, borrowers are matched with loan providers.
What exactly is Peer to Peer Lending?
P2P is a kind of lending and borrowing between individuals, minus the role of every old-fashioned economic company like a bank. Then p2p platforms can match you with potential lenders if you need to borrow money. Peer-to-peer businesses (platforms) work as intermediaries between loan providers and borrowers.