With ZOPA being the only platform really out there that has weathered one downturn, will be interesting to see the stress test of a real down turn on the akletrantive lenders
The former banking regulator, who led the Financial Services Authority from 2008 to 2013, recently slammed the nascent industry, telling the BBC that: "The losses on peer-to-peer lending which will emerge within the next five to ten years will make the worst bankers look like absolute lending geniuses." Peer-to-peer lenders are online platforms that let savers lend their money directly to people and small businesses looking for cash. This gives savers and investors access to bigger returns than offered by banks and helps businesses and borrowers get access to cash.
unknownx500
More posts by Radboud Vlaar
Recent posts from Finch Capital
