Peer-to-Peer Lending Platforms in the US - Market Research Report (2014-2029)

Peer-to-peer (P2P) lenders' revenue has remained stagnant but climbed slightly at a CAGR of 0.0% to $1.7 billion over the five years to 2024, including an expected increase of 3.2% in 2024 alone. Pioneered and introduced in the United Kingdom in 2005, P2P lending platforms facilitate loans from individual investors that pool their money via operators' online platforms to loan money to consumers and small businesses. The industry's competitive advantage lies in its proprietary credit evaluation algorithms, which go beyond FICO credit scores used by traditional lending institutions.