Is online lending in danger of a shut-down?

Woes at LendingClub are prompting speculation about the future of the P2P phenomenon.

The growth of the online lending industry has been characterised by youthful exuberance in the post-crisis years.

With banks cutting back on lending, numerous peer-to-peer (P2P) platforms were launched to offer quick and easy financing to small businesses and consumers. It was the place where tech entrepreneurs met financial innovation.

Share this