TOKYO, Jan. 11, 2023 (GLOBE NEWSWIRE) — P2P Lending Market Size in 2021 was USD 82.3 Billion, and is set to garner a market size of USD 804.2 Billion by 2030 growing at a CAGR of 29.1% from 2022 to 2030.
P2P Lending Market Overview
P2P, or Peer-to-peer lending is a type of loan that is made through an online platform that connects borrowers with lenders directly, eliminating the need for traditional financial intermediaries, including banks, to act as the middleman in the lending process.
On a P2P lending platform, borrowers submit loan applications and post their credit profiles and loan requirements. Lenders can then review the loan applications and choose to lend money to the borrowers they find to be the most creditworthy. P2P lending platforms charge a low fee, which can be a percentage of the loan amount, making P2P loans more affordable for borrowers.
The peer-to-peer (P2P) lending market has been witnessing excellent growth and shall continue to grow at a high CAGR due to various factors. The P2P lending market began to gain traction in the early 2000s, with the launch of platforms such as Lending Club and Prosper. These loans include student loans, personal loans, as well as mortgage loans.
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P2P Lending Market Report Coverage:
| Market | P2P Lending Market | |
| P2P Lending Market Size 2021 | USD 82.3 Billion | |
| P2P Lending Market Forecast 2030 | USD 804.2 Billion | |
| P2P Lending… | ||
