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Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional ...
Prosper Marketplace is America's first peer-to-peer lending marketplace, with over $23 billion in funded loans. [1] Borrowers request personal loans on Prosper and investors (individual or institutional) can fund anywhere from $2,000 to $50,000 per loan request.
In 2011, Kiva launched Kiva U.S., a 0% interest peer-to-peer lending pilot program for entrepreneurs in the United States, as part of efforts to "cut lending costs through technology". [32] The loans posted to Kiva U.S. are often from borrowers who have been rejected for loans by traditional banking institutions, but on Kiva U.S. they do not ...
Peer-to-peer lending marketplace Lending Club just announced several new features for investors who use the service which can help them earn an average return of 9.67%. The new features, which ...
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In 2009, institutional investors entered the P2P lending arena; for example in 2013, Google invested $125 million in Lending Club. [45] In 2014, in the US, P2P lending totaled about $5 billion. [46] In 2014, in the UK, P2P platforms lent businesses £749 million, a growth of 250% from 2012 to 2014, and lent retail customers £547 million, a ...
LendingRobot is an automated investment service for Peer-to-peer lending for retail investors. [ 1 ] [ 2 ] It is based in Seattle, Washington , [ 3 ] and was the first SEC-registered Investment Advisor [ 4 ] [ 5 ] in the Peer to Peer Lending industry.