The popularity of P2P lending as an alternative to traditional loans for both individuals and businesses is on the rise. These days, internet-based platforms such as Mintos and Lendix, match lenders with borrowers hence, enhancing the efficiency of capital allocation. In 2015, the global Peer to Peer market was valued at $26 billion, and the market is projected to reach $460 billion by 2022.
As these online platforms grow, investors are promised higher returns. Similarly, the ...
Let‘s take a look at Lenndy results for the 1st quarter of the year 2019. Investors funded over 3.7 mln. EUR of loans during the first 3 months of the year, reaching the peak in January with 1 276 577 EUR. We are very pleased that Lenndy investors contributed to the growth and development of businesses and managed to reach a cumulative invested amount of over 22,3 mln. EUR. At the end of 1Q Lenndy already has 5 483 users that earn 12,5% annual return on average.Read more
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