Coinspeaker
News
  • Business
    • Deals
    • Investors
    • IPO
    • Startups
    • Wall Street
  • Markets
    • Bonds
    • Commodities & Futures
    • Currencies
    • Funds & ETFs
    • Indices
    • Stocks
  • Crypto
    • Blockchain
    • Bitcoin
    • Binance
    • Ethereum
    • XRP
    • Altcoins
    • Token Sales
  • Technology
    • Artificial Intelligence
    • Big Data
    • Cloud Computing
    • Cybersecurity
    • Gaming
    • Internet of Things
    • Mobile
    • Social Media
    • Transportation
    • VR and AR
  • FinTech
  • Personal Finance
  • Topics
  • Press Releases
Guides
  • Investing
    • Bonds Guides
    • Commodities & Futures Guides
    • Currencies Guides
    • Funds & ETFs Guides
    • Indices Guides
    • Stocks Guides
    • Forex Guides
  • Crypto
    • Altcoins Guides
    • Bitcoin Guides
    • Ethereum Guides
    • XRP Guides
    • Blockchain Guides
    • Token Sales Guides
  • FinTech
  • Tech
  • Glossary
Tools
  • Coins
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • XRP (XRP)
    • Tether (TUSD)
    • EOS (EOS)
    • Binance (BNB)
    • Litecoin (LTC)
    • Tron (TRX)
  • Token Sales
    • ICO List
    • STO List
    • IEO List
  • Organizations
  • Persons
  • Events
COMPANY
  • About
  • Contact
  • Advertise
  • Partners
  • Careers
  • Privacy Policy
  • Terms and Conditions
Social
  • Facebook
  • Twitter
  • Instagram
  • Telegram
  • LinkedIn
  • RSS Feed

© 2014 - 2021 COINSPEAKER MEDIA LTD. ALL RIGHTS RESERVED.

About Contact Advertise
Coinspeaker
  • Business
    • Deals
    • Investors
    • IPO
    • Startups
    • Wall Street
  • Markets
    • Bonds
    • Commodities & Futures
    • Currencies
    • Funds & ETFs
    • Indices
    • Stocks
  • Crypto
    • Altcoins News
    • Bitcoin News
    • Blockchain News
    • Binance News
    • Ethereum News
    • Token Sales News
    • XRP News
  • Technology
    • Artificial Intelligence
    • Big Data
    • Cloud Computing
    • Cybersecurity
    • Gaming
    • Internet of Things
    • Mobile
    • Social Media
    • Transportation
    • VR & AR
  • FinTech
  • Personal finance
  • Guides
    • Crypto
    • FinTech
    • Investing
    • Personal Finance
    • Technology
  • Tools
    • Coins
    • ICO List
    • IEO List
    • STO List
    • Organizations
    • Persons
    • Events

Peer-to-Peer Lending Explained [Infographics]

Jun 6 2019 · 14:31 UTC | Updated May 17 2020 · 09:41
by Eugenia Kovaliova · 2 min read

Peer to peer lending is estimated be worth $897 billion by the year 2024. Look through the infographics by Learn Bonds for proofs and details.

The global finance industry has changed a lot since Peer-to-Peer lending revolutionized the traditional way of giving out loans by excluding the role of banks from this process. This fintech revolution continues to gain momentum and, according to the recent analysis conducted by Learn Bonds, Peer-to-Peer lending is set to become a $1 trillion industry in the near future.

Peer-to-Peer lending, or simply P2P lending, represents itself a practice of lending money to individuals or businesses through online services that match lenders with borrowers. Operating online results in smaller overheads, which means that consumers can enjoy more competitive interest rates and associated costs, – obvious benefits of P2P over established financial sector organizations.

The operating environment of P2P sector is presented by online investment platforms provided by P2P lenders. Such services are designed to connect borrowers directly to investors. P2P lenders have their own independent credit models, developed to estimate prices and deliver approval for loans.

Among other benefits of P2P lending, the following can also be mentioned:

  • total independence from stock markets fluctuations;
  • higher rates in comparison to shares and traditional financial institutions;
  • no need for an accredited investor;
  • totally passive income;
  • relatively affordable minimal deposits.

While P2P lending sector continues to grow and gain popularity, the possibility of its becoming a $1 trillion industry seems more than just real. It is already estimated to be worth $897 billion by the end of 2024. To know more about this rapidly growing industry, you may take a look at the infographics below, which demonstrate the history and perspectives of P2P lending:

next
Peer-to-Peer Lending Explained [Infographics]
Eugenia Kovaliova
Author Eugenia Kovaliova

Eugenia can call herself a multy-interested person, as she is always in search of new proffessional fields to encompass. After graduating from Belarussian State University with Bachelor degree in both International Communication and Public Relations, she joined a travel startup Fresh Adventures, where she worked for 3 years creating unique itineraries through exotic countries, travelling around the world and developing the company as a partner. Currently, she works as a business analyst in the field of information technologies. She believes that IT is the future, that is why it is so important to keep up with the latest trends in this rapidly growing industry.

Share:

Related Articles

Startup Secret Santa Helps Blockchain and Fintech Projects To Win Over COVID Crisis
By Kseniia Klichova December 23rd, 2020
Press Release Startup Secret Santa Helps Blockchain and Fintech Projects To Win Over COVID Crisis
By Kseniia Klichova December 23rd, 2020

Startup Secret Santa, an event of a new format, connected 19 startups and 19 mentors from Fintech and Blockchain domains on Dec 9th and 10th.

By Ryan Jason December 20th, 2020
Blockchain News, Cryptocurrency news, FinTech News, News Current Trends of FinTech One Must Know in 2021
By Ryan Jason December 20th, 2020

The Fintech sector will remain to expand and fine-tune in forthcoming years. To be more reliable and satisfy clients, this sector will develop at a much greater pace.

By Benjamin Godfrey December 17th, 2020
Altcoin News, Blockchain News, Cryptocurrency news, FinTech News, News Fintech Startup EMTECH Launches Platform to Help CBDC Development
By Benjamin Godfrey December 17th, 2020

The EMTECH Modern Central Bank Sandbox™ will provide its innovative solutions with backing from the cloud services giant Microsoft Corporation in its attempt to deploy the pilots in the coming months.

Top Cryptocurrencies
  • Bitcoin BTC $32 810 0.64%
  • Ethereum ETH $1 318 5.90%
  • Binance Coin BNB $41.68 1.58%
  • Chainlink LINK $24.02 5.31%
  • XRP XRP $0.28 -0.56%
Top news
Vaccine Rollout Influences Investment Decisions as Pfizer and BioNTech Agree to Supply COVAX Program Co-led by WHO

Vaccine Rollout Influences Investment Decisions as Pfizer and BioNTech Agree to Supply COVAX Program Co-led by WHO

January 22nd, 2021

Nasdaq Composite Hits New Record High as Tech Stocks Lead Rally

Nasdaq Composite Hits New Record High as Tech Stocks Lead Rally

January 22nd, 2021

Massive Bitcoin (BTC) Dump Leads to Overall Crypto Market Correction, $100 Billion Eroded

Massive Bitcoin (BTC) Dump Leads to Overall Crypto Market Correction, $100 Billion Eroded

January 22nd, 2021

NFLX Stock Jumps 17% after Netflix Reports Better Than Anticipated Q4 Results

NFLX Stock Jumps 17% after Netflix Reports Better Than Anticipated Q4 Results

January 21st, 2021

US Stocks See Remarkable Jump as President Joe Biden Takes Office

US Stocks See Remarkable Jump as President Joe Biden Takes Office

January 21st, 2021

News
  • Business
  • Markets
  • Crypto
  • Blockchain
  • FinTech
  • Technology
Featured Sections
  • Coins
  • IEO List
  • STO List
  • ICO List
  • Organizations
  • Persons
  • Events
  • Guides
  • Glossary
Featured Links
  • Story of the day
  • Editor's Choice
  • Videos
  • Infographics
  • Press Releases
Guides
  • Investing
  • Financial technology
  • Tech
  • Glossary
Connect with us
  • Facebook
  • Twitter
  • Instagram
  • Telegram
  • LinkedIn
  • Pinterest
  • RSS Feed
About us
  • About
  • Contact
  • Careers
  • Advertise
  • Partners
  • Sitemap
  • Privacy Policy
  • Terms and Conditions

Copyright © 2014 - 2021 Coinspeaker Ltd. All rights reserved.

Reproduction in whole or in part in any form or medium without express written permission of Coinspeaker Ltd. is prohibited.

At Coinspeaker we use cookies in order to improve site performance, offer you a better browsing experience and enable you to easily share content.AcceptPrivacy policy