03/12/2021

Peer-to-peer lending has boomed in recent years, particularly in the US and the UK. And so has the funding funnelled to these companies. It had been also quite popular in China between 2011 and 2015, because lending there was really ripe for disruption. Until we realised that most Chinese P2P lenders were in fact Ponzi schemes. This led to the Chinese peer-to-peer lending market collapsing almost entirely. Nonetheless, P2P lending has a huge potential to get money where it is needed. What next for the industry? Fintech Review asked a few questions to Janis Eismonts, Founder and CEO of Sneakypeer.