15 Facts About Peer-to-peer lending


Peer-to-peer lending fundraising encourages supporters of a charity or non-profit organisation to individually raise money.

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Early peer-to-peer lending was characterized by disintermediation and reliance on social networks but these features have started to disappear.

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Since April 2014, the peer-to-peer lending industry has been regulated by the Financial Conduct Authority to increase accountability with standard reporting and facilitate the growth of the sector.

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In June and July 2018, scores of Chinese online P2P Peer-to-peer lending platforms fell into financial or legal troubles because of tightened regulation and liquidity.

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In India, peer-to-peer lending is currently regulated by the Reserve Bank of India, India's Central Bank.

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Several peer-to-peer lending services initiated operation and loan origination during 2014, Following the economic uprising of 2011, and public opinion regarding these platforms is positive.

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Loans made under peer-to-peer lending are considered securities and as such P2P platforms must register with securities regulators and adapt themselves to existing regulatory models.

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Currently, the most active investors in Latvia's peer-to-peer lending platforms are residents of Germany, Great Britain, and Estonia.

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In Indonesia, P2P Peer-to-peer lending is growing fast in recent years and is regulated under OJK since 2016.

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The Peer-to-Peer lending platform is operated by Klear Lending AD, a financial institution registered in the Register per art.

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Korean P2P Peer-to-peer lending industry did not attract much public attention until late 2014 and early 2015, during which period a number of new fintech companies were founded underpinned by the global fintech wave with the emergence of Lending Club as the mainstream P2P Peer-to-peer lending player in the US.

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New P2P Peer-to-peer lending companies launched in Korea during this period include 8 Percent, Terafunding, Lendit, Honest Fund and Funda.

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In Germany, P2P Peer-to-peer lending is growing fast in recent years and is regulated under Federal Financial Supervisory Authority.

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Investors interested in socially conscious investing, peer-to-peer lending offers the possibility of supporting the attempts of individuals to break free from high-rate debt, assist persons engaged in occupations or activities that are deemed moral and positive to the community, and avoid investment in persons employed in industries deemed immoral or detrimental to community.

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Peer-to-peer lending sponsors are organizations that handle loan administration on behalf of others including individual lenders and lending agencies, but do not loan their own money.

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