Here is Everything You Need to Know About Peer to Peer Lending
The peer lending market is expected to hit $312.6Bn this year, fueled in part by technological advancements in the industry that help platforms quickly evaluate loans.
Despite setbacks over the years, grey areas in regulation, and other challenges, today's industry boasts numerous peer-to-peer lending platforms catering to all sectors of the economy.
You'll find platforms focused on consumer loans, small business finance, real estate development, etc.
Along with Europe, the US has a plethora of great peer to peer lending options to help generate passive income and help get you closer to your financial goals.
Peer-to-peer lending, also known as crowdfunding, or social lending, is a form of borrowing where instead of a bank, borrowers connect directly with individual lenders through platforms.
For instance, an entrepreneur may borrow from parents and friends to kickstart a business. Tech-enabled platforms are simplifying the process and bringing more people on board.
SWIPE UP TO READ MORE!
Discover more from wealthofgeeks.com