Peer-to-Peer Lending Market overview

One of the major factor predictable of driving the growth of global peer-to-peer lending market in forthcoming years is growing developing markets on account of improvement in knowledge of lending at marketplace, improved limpidity for investment as well as slashed rates of interest to consumers. The global Peer to Peer Lending Market size is foreseen to grow at a CAGR of xx % over the forecast spell (2018-2025) and range to $ xxx million by the end of 2025.

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With the growing recognition of internet communities since past decade an up-to-date method of instigating the loan has arrived within credit market called peer-to-peer (P2P) lending. Therefore, peer to peer has also been acknowledged as a social lending or crowd lending. Furthermore, in such type of loan lending model intervention of any financial organizations is not obligatory. Moreover, assessment procedure of the loan instigation is given into the hands of remote lenders as well as debtors, also websites like Prosper.com offers them with a platform for implicating with each other. Nowadays, under such platforms debtors generally label the purpose of their loan application accompanied by the information associated with their existing financial situation, including salary slips and open credit positions, depending upon which the lenders approve the loan.

Prosper, The U.S established P2P lending establishment has got 2 million plus members having the overall lending at around $6 billion. Zopa, a UK established P2P lending establishment had supported an overall £1.4 billion plus P2P loans as well as presently has round about 60,000 investors loaning to its debtor’s base that amounts to some lacs. Many companies alike Zopa & Prosper have magnificently launched their own covered market.

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Peer to Peer Lending Market segments
Geographical segmentation of the international peer-to-peer lending market is fragmented across several key regions covering Asia-Pacific, Europe, North America and LAMEA (the Middle East, Latin America and Africa). Besides, as per the analysis of past few years, North America has been leading the market with maximum share of peer to peer lending market. Key factors propelling the market of North America are reduced interest rates in conformist banking, rising dependability over online platforms and significances of former financial crisis.
Peer to Peer Lending Market Leaders

Some of the prominent players operating in the competitive edge of the peer-to-peer lending market across the globe include Circle Back Lending Inc., Common Bond Inc., Prosper Marketplace Inc., Peerform, Funding Circle Limited, Social Finance Inc., Upstart Network Inc. and Pave, Inc.

Analyst Commentary

Prosper, a U.S based P2P lending company has more than 2 million members and their total lending is more than $6 billion and Zopa, a UK based P2P lending company has supported a total of more than £1.4 billion of P2P loans and currently has some 60,000 investors lending to its borrowers base which is in lacs. Many companies since Zopa and Prosper have successfully launched their own marketplaces.
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