Peer-to-peer lending is slowly changing the financial landscape, giving alternatives to both borrowers and investors. 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.
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