Marketplace lending involves either business or personal borrowers using the online platform to borrow money, instead of more traditional means, such as a bank. Borrowers will apply online and go through an approval process before having their loan listed on the online marketplace platform. Investors can choose the loans they want to fund based on set criteria, including the amount, term and purpose.
Modern technology allows us to:
Borrowers benefit from a simple product, convenient access and fast service.
Lenders can earn great returns by selecting a broad and diversified portfolio of loans, spreading risk across multiple borrowers. Together this creates a new fixed income asset class.