Peoplender to exceed target for P2P platform
Dafizeck Daud | 30 Nov 2018 00:30
The increasing appetite for alternative investment instruments has enabled players in the local peer-to-peer (P2P) lending industry to experience above-average growth in their business. They also continue to expect significant growth in the next few years.
Moreover, advancement in technology is allowing users to have easy access to various interfaces offering quick updating, thus boosting the demand for P2P lending.
Some of the leading players in the global P@P lending market are LendingClub Corporation, Funding Circle Ltd, CommonBond Inc, Upstart Network Inc and Social Finance Inc.
Locally, there are already several P2P platforms that are actively serving the population. Peoplender Sdn Bhd is the operator of peer-to-peer financing portal Fundaztic. Together with other players such as pitchIN, a P2P lending platform for SMEs and EasyPay, an online transfer platform, these start-ups have been creating waves within the SME sector with their innovative approach to financing.
With the increasing number of small business, the scope for P2P lending market is ripe for further growth.
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