Let’s first understand what peer-to-peer lending is and why it is also called social lending.

So, this is a debt financing method that allows individuals to borrow and lend money without using an official financial institution as an intermediary.

When lending peer-to-peer loans, borrowers borrow from individual investors who are willing to provide their own money at an agreed interest rate. It turns out much more profitable than borrowing money from our usual credit institutions.

As we have written in other posts, approximately two billion people worldwide do not have access to a Bank account or financial institution. After analyzing the situation, our team realized that the need for alternative ways to obtain funds and conduct various transactions!

Based on the above, it was decided to create a platform FinWhaleX, which aims to provide people with easy and quick access to financial instruments, markets. Simplify and speed up the lending procedure anywhere and at any time.

But why do we believe that the potential of peer-to-peer lending in the world is huge? Let’s turn to history and analytics. The world’s first P2P credit platform Zopa was launched in 2005 in the UK, and since then P2P platforms have achieved extraordinary growth and have evolved into a vast global industry. According to a report published by Allied Market Research, the peer-to-peer lending (p2p) market is projected to reach USD 460 billion by 2022, increasing by an average of 51.5% per year.

It is not surprising that the market share of consumer loans will grow rapidly, because the opportunity to receive funds quickly and when they are needed is great all over the world! Banks — at the moment are not able to provide such services quickly, for many reasons, including technological ones.

In turn, the platform FinWhaleX — brings together the private interests of the lender and the borrower. And at the same time we guarantee not only a profitable partnership between the lender and the borrower, but also we organize the security of all transactions conducted on our platform!

Do you want to know more? Click on the link: https://finwhalex.com