P2P Lending To Become A $1 Trillion Industry

The P2P lending industry is set to become a $1 trillion industry by 2024, according to a new infographic released by LearnBonds.com.


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The new infographic, published by LearnBonds.com, describes the rapid growth of the Peer to Peer industry and the key events that have led to it becoming a $1 trillion worldwide.


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Despite recent negative events, such as P2P platform Lendy going into administration, the P2P lending industry is set to grow at 48% per year over the next 5 years.


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Adam Grunwerg, editor at LearnBonds.com stated: “Peer-to-peer lending has been rapidly becoming one of the best investment opportunities for investors looking for strong returns. In the UK, P2P lending offers investors 5-10% APR compared to only 1.17% on a 10-year UK government in 2018. The industry fulfils the need to replace banks charging high margins with a process and technology.”


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Grunwerg went on to say: “Although there are some risks associated with P2P lending, low industry default rates and the ability to spread investment across numerous borrowers makes up for the high returns of 7-10% that are available. Indonesia, India and China have all recently started to regulate the P2P space, which will further fuel growth and safety in this industry.”