31 Hottest Marketplace Lending Companies Killing Bank Credit

March 4, 2016     By : Kate

SoFi helps graduates of top-tier universities refinance student loans. The company focuses on student loans, mortgages and personal loans.

Upstart is an online lending platform that uses data to bring together high-potential borrowers and investors. Upstart offers three-year, fixed-interest loans. Funds can be used for almost anything, including starting a business, paying for a coding boot camp, eliminating student debt or paying off credit cards.

Prosper is a P2P lending marketplace that allows people to invest in each other in a financially and socially beneficial way.

Harmoney is New Zealand’s first licensed P2P lending platform.

RateSetter is a P2P lending website that allows users to lend and borrow money directly with each other according to their own interest rates.

CommonBond is based on a model of “social lending.” Student borrowers gain access to fixed-rate loans provided by investors who earn a financial return.

Payoff designs products that help people pay off their credit cards. The Payoff Loan was designed expressly for helping customers pay off credit cards.`

marketplace lending companies

Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen.

LendInvest is a marketplace lending platform for residential and commercial mortgages in the UK. LendInvest is creating a process that is easy to understand for borrowers, and a platform that gives everyday investors the ability to invest in a mortgage.

Lending Works is a P2P lender that matches underwritten personal loan borrowers with shrewd lenders.

Peerform is a peer-to-peer lending platform that connects lenders and borrowers for fixed-rate personal loans. It connects people who want to borrow money with investors. Peerform provides three-year term personal loans ranging from $1,000 to $25,000.

Renrendai is a Beijing-based company that provides a P2P platform for financial services such as loans, debts, investments and others. It targets white-collar employees and small-business owners as its customers, charging borrowers a management fee of 0.3% of the borrowed money, and a service fee of up to 5% for high-risk borrowers.

Borrowell is an online marketplace lending platform.

Landbay is an online P2P lending platform that offers lenders the opportunity to lend money directly to property investors.

Auxmoney is online peer-to-peer loan marketplace.

Lendify offers the first real P2P lending platform in Sweden. The company operates a marketplace online credit platform that enables people to borrow money and lend money from each other without the involvement of banks or credit card companies.

EVEN Financial is a supply-side platform for the fast-growing marketplace lending (P2P) market, with an initial mission of bringing more and better quality borrowers into the marketplace lending ecosystem.

SocietyOne is Australia’s leading P2P lending platform connecting creditworthy borrowers with savvy investors.

China Rapid Finance is the largest mobile lender in China and features one of the most extensive multi-channel, offline and online lending platforms in the country. 
With more than 4,000 employees and branch offices spanning 70 cities, China Rapid Finance has a proven track record in credit risk management, and a tradition of transparency and regulatory compliance.

Bondora is a meeting place that unites investors and borrowers from all corners of the world with money, providing easy access to two mutually beneficial solutions—borrowers find the best available financing from our proprietary marketplace with affordable monthly payments and investors generate profit on loan interest paid by borrowers.

Smava is a Germany-based online comparison site for personal loans where each participant receives an online credit loan with the best terms from a wide selection.

Fruitful is a peer-to-peer platform that enables investors (i.e., pension funds) to lend directly to mortgage borrowers.

Dianrong is an online platform that provides P2P lending services to borrowers.

Jimubox is a Beijing-based marketplace lending platform that provides SME loans and individual consumption loans to underbanked Chinese borrowers. Jimubox delivers safe and attractive investment opportunities to RMB investors through an innovative online marketplace which leverages transparency and technology to ensure investor safety.

Prêt d’Union provides an online platform designed to connect and facilitate financial transactions between individual lenders and borrowers (or “peers”) without the intermediation of a traditional financial institution.

CircleBack Lending is an Internet-based credit platform. It provides a secure, transparent, and efficient marketplace for accredited institutional and individual investors to purchase fixed income assets backed by consumer credit products.

Jiuxin Finance is a China-based peer-to-peer lending platform.

Wanglibao operates an online platform that sells personal finance products including wealth management products, trust products and mutual funds.

Meili Jirong is a P2P lending platform that focuses on providing consumer credit to middle-income workers. Not biased towards any one supplier but customer demand, the company determines the required investment products to provide comprehensive financial planning services through the analysis of financial condition and financial needs of customers.

eLoan.co.il is the first Israeli P2P lending platform. The company uses big data underwriting techniques as well as traditional ones to ensure the reliability of its loans.

Lu.com is the largest online P2P marketplace in China that connects borrowers and investors. Borrowers obtain fast and convenient access to credit which is not available from traditional financing channels. Investors obtain access to an asset class that has historically been closed to individual investors.

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Kate

Kate is a staff writer at LetsTalkPayments.com.
She likes to write about mobile payments and mobile commerce.

If you have any suggestions or questions for the author, please email us at follow@letstalkpayments.com