There has been a great offering of real-time mobile payment system and the large players are finding opportunities between banks and fintechs. This evaluates the potential impact of mobile payments on consumer credit and card payments.

The leading mobile payments aspect is technology companies whose business interests consist of financial services, e-commerce, and online advertising. Payments carried out by platforms proposed by big payment platforms like Alibaba, Walmart, etc exceed $100 billion in aggregate annualized transaction value. The global tech giants are slowly gaining a foothold in mobile payments. 

The mobile payment sector is also featuring Amazon.com Inc. as it has invested more than $230 million into Amazon Pay in India alone. These large payment organizations have drawn millions of digital customers, giving feature-rich apps and digital transactions with cashback rewards and discounts. 

Payment apps promote activities such as travel booking, food delivery, bill payment, and loans at a tap. 

Another such app trending in the Nigerian market is Carbon Payments.

The company headquartered at Lagos in Nigeria. They are empowering individuals with a way to credit, simple payment solutions, high-yield investment openings and easy-to-use tools for individual financial management.  The global company has over 90 employees and operates in Nigeria, England, and the United States as well. The company aims to provide financial access to people that they need to pursue a life of dignity and prosperity.

The Nigerian Fintech firm is an early-stage financial services startup.  They are posting the financial on their website audited by KPMG. This has come just after the company obtained a credit rating as a pre-IPO venture.  Carbon has recently rebranded its OneFi holding company and PayLater product titles into one name. It is planning to continue releasing the financial results on an annual basis, co-founder and CEO Chijioke Dozie told while talking to TechCrunch.

This might have been a common thing in other global tech markets, however, for the startups in Africa’s big tech hubs like Nigeria it is very uncommon. The first sights of the startup financials in Nigeria were visible when the Jumia shareholder Rocket Internet went public in 2014. This required to include the limited Jumia data in its annual report. 

Most companies in the African continent’s early-stage startup hubs like Nigeria just provide little to no financial information. The local market has not seen a lot of voluntary transparency or the availability of data. The startups are worried that such a declaration could present losses, give market intel to competitors or draw unwanted attention from regulators. 

But Carbon did go through the trouble of putting its pre-public accounting out in the open for anyone to see. There were two reasons for doing it. If we look through a customer perspective, the company is trying to get people to trust them with their financial services. This disclosure will let the people see which institution they are dealing with and the financial position. 

The company has evolved from its original focus as an online lender to offer a broader array of mobile-based financial services. They have started dealing with payments, investment products, credit reports, and business banking services. The company has taken over a Nigerian payment solutions company Amplify for an undisclosed amount in the month of March. 

The statistics presented by Briter Bridges and a 2018 WeeTracker survey show that fintech is now receiving the majority of VC capital and deal-flow to African startups. Many of the companies are now attempting to reach the continent’s large unbanked and underbanked populations.

Features of Carbon app

Carbon is meant to make it easy to access wondrous financial services, at the click of a button. The app provides instant loans, make all your financial transactions, and invest money for huge-interest returns. The company is just like a  trusted digital friend.

The carbon app is currently available on Android devices via the Google Play Store. The company is working on getting the app on even more platforms in the months to come. 

The app allows users to update banking details and all the personal information. If people have opted for a loan and they need to update or change certain details they can do it via the ‘Your Profile’ app menu.

Taking loans through the app is easy. The app allows an individual to fill out the application. The system will then calculate a loan offer for the individuals to determines the amount and repayment duration that the company can offer. The amount can differ from every individual to individual. This can depend on the individual’s personal information.

The disbursement of the loan needs a debit card linked to an individual’s account. One can select Setup Debit/ATM Card in the app and add a card that can be used for repayment. The repayment amount will be automatically deducted on the due date as per the user’s convenience. 

Want to develop P2P lending app like Carbon? Know what do we offer in the P2P lending app development

The African continent has shown great potential in fintech sector. Many budding entrepreneurs are interested in new ventures to make a fortune via P2P lendings in this subcontinent.

We offer customizable P2P lending white label solutions to make your journey easy and comfortable. Our technology-powered platform can help you to conquer the African market in one go!

Our developers strive to provide you with expert help and end-to-end solutions to kickstart your business and then elevate your growth. We provide power-packed solutions to attract thousands of customers towards your project in a short span of time.

If you are interested to know more about the P2P lending solutions visit our FinTech app development page or connect with us to avail a free consultation session.

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In the last few years, the original growth of mobile financial services in sub-Saharan Africa has challenged all expectations. Although Kenya is frequently cited as a leading example of digital transformation, Ghana has lately become the fastest-growing mobile money market in Africa. It has registered accounts growing six-fold between 2012 and 2017. 

The country’s involvement presents a fresh outlook on its digital transformation and displays that technology can help modernize the financial system as well as also promote greater financial inclusion.

Fido Money Lending Limited(FIDO) is a financial institution. It is headquartered in Accra, Ghana. The app is licensed by the Bank of Ghana. The app provides fast and easy loans for people who need them for the short-term. These loans are called FIDO Loans. The customers can apply for FIDO loans using their smartphones just by downloading the FIDO app. The FIDO loans are made easily available to salaried, contracted and self-employed professionals. The customers just need to do a one-time verification of ID and mobile money account. There are no guarantors required for loans. 

Interesting features of the Fido Money app:

Applying for a loan from the comfort of home or office is easy. Even if one is extremely busy and does not get enough time to visit the bank the person can always resort to an instant loan on the Fido app. 

The app can help the person to borrow a loan in case of confusion to borrow a loan for a specific task. In certain situations, if a person is unable to make the right decisions regarding the loans, the amazing app helps the person to make the loan request decisions. Having Fido on your mobile phone means the person is just a tap away from credit alert to their bank accounts. 

Fido is adorned with another amazing feature. The app does not have any hidden charges. The payment details and the charges are clarified at the time of filing the loan application. When the person is about to submit the loan application he can check the total amount in the app. Fido does not charge the upfront fees on the secured loan. However, a processing fee of 12GHS is deducted while repayments are done. 

Applying for a loan on the lending app does not require any paperwork and neither does one needs to go to the bank.

What are the benefits of Fido?

If a person is applying for the first time for the loan they can receive GHS 200 and repay between 10 to 33 days. The person can enjoy a higher loan payout up to GHS 600 every time they repay the outstanding loan with lower interest rates on the subsequent loan. The interest rates displayed at the Fido lending app for new customers starts at 14% for 30 days. Whereas the existing customers who have good-paying history can get loans at 8%  for 30 days. 

The person can choose repayment terms that align with their specific needs. This can vary from 10 to 90 days. They can pay the loan due on one installment or in tranches depending on their eligibility. The loans on the Fido app are designed to assist with urgent cash and not for long term obligations. The interest rate in the app is set at a cap of 0.466% per day and it keeps on decreasing. If a person takes 600 GHS for 30 days, the rate of interest implied by 0.266% per day, the annual percentage rate for a secured loan including the relevant charges is 123%.

Fido loans do not imply compound interest and they are also not available for extension or refinancing beyond the stated term.

How can one apply for Fido loans?

To apply for loans on Fido, one needs a valid ID proof, a mobile money account that is 2 months old and he should be a resident of Ghana and should be above 18 years of age. 

The easiest and affordable approach to develop a P2P lending app like Fido

Money lending, borrowing, requesting and personal choices for getting paid back between your friends and family can be awkward. In Africa, as the banking system is not really strong, informal lending or P2P lending is still the chief source of loans for somebody in the requirement of cash to invest, deal with unexpected expenses. 

P2P lending apps are bridging the gap between formal and informal lendings. The market in Ghana and Africa is vast for P2P businesses.  If you are looking for a venture in financial services, P2P lending in Africa can be a really profitable option for you. 

We can help you with our white label solutions for P2P lending apps to kickstart your business easily and to start earning profits. Our technologically powered white label solutions are helpful for you to provide your customers with the best of the services. We provide you end-to-end solutions from the start of your business.

If you wish to know about the features of the white label solutions and the cost of development of a P2P lending app, connect with us for a free consultation session or ask for a free demo.

The post Instant loan right through your smartphone using an app like Fido Money lending in Ghana appeared first on Coruscate Solutions.

If yes, then peer-to-peer lending may be an investment approach that deserves contemplation.

What is Peer-to-Peer Lending?

Peer-to-peer lending enables you to lend money instantly to borrowers. It dramatically cuts out the broker, the bank or lending organization.

Lenders or individual investors and borrowers generally smaller organizations or individuals connect with each other online via a P2P lending company or platform.

For borrowers, P2P lending grants numerous advantages over conventional lending practices:

• competing interest rates
• insignificant paperwork
• faster judgments for approval

This comparatively new market is advancing swiftly. PriceWaterhouseCoopers predicts the P2P lending market could equal $150 Billion by 2025. 

Loan-based crowdfunding or as we call it peer-to-peer (P2P) lending, has been evolving as a disruptive force in the lending market in recent years. The major markets for the crowdfunding industry are the U.S., U.K., Europe, and China. 

Let us check out P2P business models, different perspectives of risks and possible risk management chances for the loan-based crowdfunding industry to adopt, concluding with indications for banks.

P2P lending app business model

⇒ Crowdfunding Business Models

According to the International Organization of Securities Commissions (IOSCO), the two overarching business models for P2P lending are the notary model and the client-segregated account model.

⇒ Notary model

This is a P2P lending business model where the borrower visits the online platform and presents the completed application form for a loan. The borrower’s risk profile is investigated using the loan-issuing bank’s underwriting guidelines. The application is approved after checking the risk involved. The borrower’s loan specifications are ordinarily posted on the platform’s website for investors to study and fund.

Once enough investor commitments are received the loan amount is transferred to the borrower. Once the loan is disbursed, the things proceed from investors are used by the borrower to obtain the loan from the issuing bank. 

Investors who fortunately bid the loan are technically circulated a note by the platform for their benefit of the contribution. The notary model displaces the risk of loan nonpayment away from the issuing bank to the investors themselves.

⇒ Client-Segregated Account Model

In this business model, a contract is settled with the help of a mediator platform by pairing the particular lender and the borrower. Lenders provide their funds to individuals or businesses in one of the following ways.

• Automatic lending based on the platform’s arbitrary allocation process
• Manual requests for allocation based on the lender’s decision

This model is different from the notary model as the issuing bank is not involved. The funds are transferred directly between the lender and the borrower.

The P2P platform allows funds from lenders and borrowers to be distributed from an intermediary’s balance sheet and resisted through a legally separated customer account. The intermediary doesn’t have any claim on the funds in the event of the platform’s failure.

There is a third business model which is widely practiced in China. It is called the Guaranteed Return model. Here lenders anticipate a fixed rate of interest on the loaned amount. According to the market reports, investor enthusiasm to follow this model is huge but it is less in demand from the borrower.

So how do P2P lending platforms make revenue?

The most important selling point for P2P lending platforms is their transparency. The levels of hierarchy, heaps of paperwork, the hidden and hard to understand fees and payment schedules in the banks have been the subject of distress in recent years. From the beginning of P2P lending, the most coveted features have been its simplicity and transparency. So, looking at all this, the P2P platforms have a page devoted to the fees they charge and even go so far as to describe in easy words how they are making money!

Every platform has a somewhat different fee structure than the other. Let’s discuss the different types of fees that P2P platforms charge and how can you earn with our P2P white label solutions!

Peer-to-peer lender’s fee structure:

⇒ Fees charged from borrowers

Most platforms are moving away from the fee model that targeted both lenders and borrowers. Instead, they are charging both lenders and borrowers. For example, the platform Landbay has two fee charges for borrowers:1. The borrowers are charged with an upfront fee ranging from 2% to 2.5%. This fee includes the cost of screening profiles and the establishment of a new loan. 2. The second fee is 0.5% to 1.00% margin (per year) on the loan principal outstanding.

⇒ Fees charged from borrowers and investors both

Another P2P platform Proplend is a platform that charges fees from both borrowers and investors.

Borrowers ought to pay a Listing Fee and a Completion fee. Also, mortgages are secured against property. And hence, the legal and valuation fee incited in establishing a loan is also borne by the borrower.

P2P investors need to pay a fee equivalent to 10% of interest collected.  

The P2P platforms can also collect fees if they provide some API to others interested in using the platform. 

Conclusion

As a P2P lending platform, you can charge various fees for the services that you provide. You can provide investors a chance to earn arguably the most approving interest rates granted on the alternative investment market. And the borrowers can be offered means to borrow money without the hassle of conventional banks.

With our customized white label solutions, we can provide you guidance for the best suitable business model for your P2P lending platform and means to generate more revenue. We can also provide you a platform with the latest technology and extraordinary features. Using our white label solutions you can even provide API to the clients that are interested to provide their services through your platform. 

Connect with us to discuss in detail how to make more money with our P2P lending platform.

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Peer-to-peer lending is a new system of debt funding that enables people to borrow and lend money without a monetary organization. Controlling technology and big data, P2P platforms unite borrowers to investors quicker and more economical than any bank.

The P2P lending system has made the custom of borrowing easier. You can easily find loans online with just a click of the mouse. The P2P model is a huge success due to all-time low-interest rates, uncomplicated applications, and quickened decisions.

These companies are gaining a foothold and gathering momentum having proposed borrowers with an enhanced financial aspect. According to a PriceWaterhouseCoopers statement, even though the P2P market is still in its infancy but it has distributed $5.5 billion in loans in 2014. It is estimated to go up to  $150 billion or higher by 2025.

User features of top P2P lending apps you should know before going for P2P lending app development 

⇒ Borrowing with Prosper

Prosper offers loans up to $40,000 with a fixed-rate and a fixed-term of either three or five years for the borrowers. The monthly EMI is fixed as per the duration of the loan and there is no prepayment penalty. So, if possible the borrowers can pay off early. The platform allows getting an instant look at what your rate would be and, once approved, the money gets deposited directly into your bank account.

⇒ Borrowing with Lending Club

Lending Club allows four different types of solutions for borrowers:

• Personal loans: A personal loan of up to $40,000 which can be utilized for paying down credit cards, paying off debt, renovating your home, or paying for higher costs like a wedding or a car.

• Business loans: A business loan up to $300,000 is allowed with a set term within one and five years with no prepayment punishments. You require to have a business for at least 12 months. The other requirement is having at least $50,000 in annual sales and having good business credit. To qualify for the business loan you also need to own at least 20 percent of the organization.

• Auto refinancing: You can qualify for an auto-refinancing loan if you have a car less than 10 years old and it has not operated over 120,000 miles. The loan for your car should have started at least a month ago and should have at least two years left on it. The loan amount that you owe should be between $5,000 and $55,000.

• Patient solutions: The peer-to-peer platform also works with doctors all over the country to assist the borrowers to fund the medical and dental bills that cannot be paid all at once. All the borrowers need to do is check their eligibility by typing their doctor’s name. They can avail of a loan up to $50,000 for all types of bills and procedures that include hair restoration, fertility, and weight loss surgery.

⇒ Borrowing with Upstart

Upstart allows borrowers to get loans from $1,000 up to $50,000 with rates as low as 8.85 percent. The loan term can be extended from three or five years. However, there is no prepayment penalty.

Upstart check the FICO scores and years of credit history using its AI/ML technology. The app also checks for education, area of study, and job history before determining the borrower’s creditworthiness. The platform insists that their borrowers save a predicted 24 percent compared to different credit card rates.

⇒ Borrowing with StreetShares

StreetShares allows borrowers with three types of business loans for their business to grow:

• Term Loan: The platform grants a loan between $2,000 to $100,000 for a period of three months to three years. The funds are deposited in the borrower’s account as soon as they are approved. They also do not have any prepayment penalties.

• Patriot Express Line of Credit: This loan is to grant more versatility. The borrowers can borrow anywhere from $5,000 to $100,000. The period of the loan is from three months to three years. As it is credit loan the funds can be drawn whenever needed and the interest is applicable only to the money which is used. 

• Contract Financing: This loan is basically based on the future earnings of the borrower. This takes a little more time to get approval. There is no limit on the amount to be borrowed.  The borrowers get a Mobilization Loan/Line option and no prepayment penalties.

Getting approval for these loans requires fulfilling some special conditions. The borrower needs to be a U.S. resident and he should have a running business for at least one year. They should earn minimum revenue and need a business guarantor with “fair” credit.

⇒ Borrowing with FundingCircle

The minimum loan a person can borrow with FundingCircle is $25,000 and can go all the way up to $500,000. The rate of interest is very low at 4.99 percent. The period of the loan can be anywhere between six months to five years. There are no prepayment penalties. The loan fund can be used for any purpose that you deem necessary for your business. The borrowers need to pay a start fee. However, the funding is much faster than any other small business loans and the borrowers can get the amount deposited in their accounts in as little as five days. 

Looking at the features which these popular P2P lending platforms are rendering for their borrowers, you must get a fair idea of the things that you can offer your borrower to get in the list of popular platforms. 

We can help you with your mission with our creative technical team and awesome white label solutions for P2P lending apps. Our developers can customize the user features with the most amazing interface, making the application process simpler for the borrowers and drawing in more borrowers through the word of mouth marketing. 

Our research team can support you with the latest figures and market scenarios to make it easier for you to launch your P2P lending platform. We can assist you at each step in your business becoming your technology partner and rendering the best technology to take your app in the top list of the P2P lending. 

If you are interested in the white label solutions or customized P2P lending app, connect with us to share your requirements and kickstart your business to capture the market. 

The post Provide your borrowers with awesome features from these 4 best P2P lending apps appeared first on Coruscate Solutions.

The P2P lending software is dominant by marketplace lenders and at the same time, it is also very much customizable. The P2P lending platform connects the borrowers and lenders and is also known for its automated risk evaluation. 

The unique thing about the P2P lending platform is its source capital from investors by the platform itself rather than investing from their own pockets. So, this lending process does not have any impact on the balance sheet of a P2P platform. Also, the revenue is earned by collecting commission fees for acting as matchmakers between the borrowers and investors.

The investors and borrowers are moving towards this asset known as the P2P lending platform. The investors get a choice to choose their risk factor and earn huge returns while the borrower gets a chance to enjoy the access to credit almost instantly and right at their place. 

The P2P loans are usually collateral-free and the borrowers are supposed to pay back with interest. The interest rate is fixed automatically calculated and fixed by the platform depending on the loan amount and the period of the loan. 

Our white label solution for P2P lending platform is excellent automation for the fast loan application approvals.

Borrowers:

The borrowers are blessed with the holistic approach that the P2P platforms exert towards mitigating risks. The platform is very useful for borrowers who have a poor credit score or do not have a prior credit history. The borrowers can be anyone either an individual or an SME needing money quickly. The most important thing is the low-interest rates that draw in the borrowers.

Our white label solution for P2P lending is a hassle-free application which allows easy application of loans and lightning-fast approvals. 

Investors:

The investors are people who are looking for something better than the conventional methods of the lending industry. The small interest rates given by banks on deposits, the increasing real estate prices, wavering gold value and unstable nature of stocks push everyone towards the P2P lendings. They get the advantage of choosing their risk and generate huge revenues.

The loan process of P2P loan app you need to know before hiring a P2P loan app development company to develop P2P loan app

We can define the loan process in the P2P lifecycle in five stages:

⇒ Investor Onboarding:

A P2P lending platform should have an investor base for accepting loan applications. While the investor base is being built, there are many things that vary based on the country- the revenue model and risk factors associated with the investors can be different based on their experience.

⇒ Borrower Onboarding:

The probable borrowers apply for loans with the P2P lending platforms using the user panel of its front-end interface. They put in their personal and professional information and check out their credit scores. The information is gathered in the portal’s database and is sent to the back-end application for data verification. 

⇒ Credit Assessment:

The credit assessment includes screening the applications and determining the risk profile of the borrower. The platform uses a few third-party applications to check out the creditworthiness of the borrowers. Even when the borrower does not have a prior credit history, the innovative risk assessment models can sort it out by analyzing the trustworthy borrower based on their social media behavior, online purchasing trends, individual expenditure, and much more.

⇒ Funding:

Once the risk assessment is done, the requested amount of loan and borrower’s information is sent to the investors to view. The investors can then choose a borrower based on their risk ability. To mitigate the risk. it is advisable to spread the investments across various loans. The money is disbursed to the borrower’s account once the approval is sent to the fund. 

⇒ Repayment:

After the disbursement, the repayment is collected from the borrower by the P2P lending platform according to EMI selected and transferred to the investor’s account after the deduction of commission charges and other service taxes. 

Challenges associated with P2P lending platforms  

Even when the P2P lending platforms are called the social media of the financial sector, they have their fair share of challenges. It includes many risks along with the promising nature.  

Instant Disbursal

The most attractive reason for the people to move towards P2P platforms is they require less time to process the loan applications. To ensure less turnaround time and mitigate risk at the same time, the workflow of the P2P platform has to be made streamlined. These platforms don’t have the chance to cope up with the redundancy or process bottlenecks when the borrowers expect an instantaneous loan process.

Risk Mitigation

The risk factor determination is related to the borrower’s profile and since it is difficult to segregate the profiles based in a short span of time. The P2P platforms ensure that technology behind the credit analysis is smart and efficient to decipher proper results and offer correct insights to the investors. 

Delinquency Management

When the loans are granted the platform needs to keep a track of repayments made by borrowers. There should be a reduction in the potential defaults by considering delinquencies religiously. We need to set up designated rules to track and monitor repayments to increase revenue and decrease the chances of defaults.

We offer excellent white label solutions for your P2P lending business which are fully functional and affordable. They are equipped with all the necessary features required to run your P2P platform successfully. 

To learn more about the functionality and costs, contact us for a free consultation session. You can even ask for an app demo. 

The post How to develop a P2P loan app to connect borrowers and lenders smartly? appeared first on Coruscate Solutions.

Here are the features that your P2P platform must have:

⇒ Registration

The borrower must register by filling up an online form to get a loan from a P2P platform. The form obtains personal, financial and professional details. If there is any registration charge, it can be prescribed by the platform while creating the borrower’s profile. 

⇒ Credit verification

The borrower is expected to put in the loan amount and the period for which they need the loan. After the creation of the borrower’s profile, the P2P system carries out credit verification. A credit score is needed to add the interest rate on the loan amount. The higher is the credit score, the interest rate applicable will be lower. 

⇒ Listing of profile

The borrower’s profile is listed for different prospective investors. The investors are allowed to view the profile, credit rating, purpose of the loan, and other important information. If the investors are satisfied with the information, they can choose to fund the borrower. The loan can be sometimes funded by multiple investors.

⇒ Disbursement

The loan once funded up to 75% is disbursed to the borrower. Before that, an agreement regarding the loan is signed between the borrower and investor. The borrower needs to choose the method of repayment – automatic deductions or through a credit or debit card.

The loan agreement is generally a digitally signed one which is made available for review upon logging into the profile of the lender or borrower. 

⇒ Repayment

The borrower must list a National Automated Clearing House (NACH) order to automatically debit the borrower’s bank account with the EMI amount in support of the lenders.

How do you plan to start the P2P lending business and to develop a P2P lending app?

Step 1: Deciding on a registration form

Choosing a form for registration of a legal entity needs consideration of things like 

• Registration as a company or a limited liability company will defend against lenders in the event of failure or force majeure.
•  Corporations require significantly more demands than LLCs, including requirements for accounting and tax reporting. You must also look after things like holding shareholder meetings at regular intervals.

Step 2: Registering your company name

• The company needs to be registered in the state in which businesses will operate. The P2P platforms have it as the main office location. 
• You need to take up a free name that can be checked on the US Patent and Trademark Office (in case you are launching the platform in the US).
• The brand name can be different from that of the domain name. 
• Remember, the registration rules can vary according to states.

Step 3: Raising money for start-up capital

You need money to manage the operating expenses at the starting of your business. You cannot expect the P2P investors to come to your platform immediately. So, to collect the money, we can help with a detailed business plan to reach out to various investors for fundraising. 

Step 4: Next is developing  a P2P Platform

If you are interested to create the P2P lending platform from scratch you can hire our team of blockchain developers. However, we also have a white label solution to offer you for your P2P lending platforms. 

White Label can integrate your own credit outlines, but this will require hiring the relevant professionals.

Step 5: Creating a web portal

When creating a site for peer-to-peer lending, it is crucial to reflect such significances:

The portal must be combined with the highest number of payment gateways.

The site interface should be spontaneous and support numerous significant languages.

Step 6: Testing the site and platform>

We help you with customizing the platform and testing each usage scenario. We ensure that everything works in a way it should for your startup. The most attention we pay at this time is security, usability, and performance. 

Security: Security is an essential factor to consider because of the user and payment gateways connection. The data should be always encrypted, personal data is hidden behind seven seals, and financial gateways are closed for 1000 and 1 lock.

Usability: The user at the first switch to the site must know how to register, apply for a loan or invest money.

Performance: The speed of loading a site on different devices can be checked to improve and enhance the platform’s performance. 

Step 7: Platform Launch

Launching your website is not easy. There are many things that are needed to be done first. One of the most important things is a marketing campaign, offering first users – borrowers and investors – discounts, lower interest rates, more loyal conditions for granting a loan.

We can help you with all of these activities along with technical support and maintenance for your platform. Our specialists ensure with proper precautions, testing and debugging that the platform launched does not contain any errors. We will catch and destroy all the errors and bugs to make your platform error-free. Our white-label solutions are affordable and have amazing features. 

If you are interested to know more about the white label solution or P2P loan app, connect with us and share your requirements. We will be most have to help you with our end-to-end solutions to make your business a huge success.

The post How can you start P2P lending business and avail credit with the P2P lending apps? appeared first on Coruscate Solutions.