Question

Write a brief note on Peer-to-Peer funding.

Answer 1

• The practice of lending money to people or businesses using online platforms that connect lenders and borrowers is known as peer-to-peer funding. 
• Because the business is run online, it may function with fewer overhead expenses and offer the service at a reduced cost.
• This allows the borrower to borrow money at a lower interest rate while providing the lenders with larger returns than bank FDs.