Peer-to-Peer Lending Platforms: How They Work 2025
Peer-to-peer lending (P2P) platforms directly connect borrowers with lenders, eliminating the need for traditional banks. This approach is gaining traction, with the global P2P lending market projected to reach $804.2 billion by 2030. P2P services span various activities, including data sharing, networking, and loan acquisition. One of the most popular P2P services is lending, commonly…