About Business
As a marketplace lender you act as both a lender and a loan intermediary. This intermediary aspect of the business requires specialized peer-to-peer or P2P lending software in order to run your highly complex operation efficiently. You start with all the typical requirements of an online lender, and then layer on additional processes for tracking a large number of borrower payments and income disbursements back to individual investors. And all with the highest level of speed, accuracy and security.
In addition the competitive environment continues to evolve with new entrants throwing their hat in the arena on a regular basis. Today many peer-to-peer lenders are actually big banks acting behind the scenes to take advantage of the fact that peer2peer loans have become so mainstream.
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