Peer-to-Peer Lending Market

The global peer-to-peer lending market is witnessing a fierce competition among players, reports Transparency Market Research (TMR). The topmost players in the market are scattered globally and adopting various strategies to achieve the permanent position. Moreover, these players are mainly following the trend to build several tactical alliances for stretching their presence in medium and small business loan divisions. A few popular companies’ names in the global peer-to-peer lending market include Prosper

Peer-to-peer lending is a method of debt financing that enables individuals to borrow and lend money without banks. The global peer-to-peer lending market removes middleman from the process. P2P lending is also known as social lending or crowd lending. Traditionally, individuals and small businesses who want a loan usually apply for one through the bank. The bank would run extensive financial checks on the applicant’s credit history. This is done