I have to admit that Peer-to-Peer lending was not at all on my radar until recently. Only when I saw that Harmoney was granted FSA approval back in July did I start to research the emerging topic. This article is written from the point of view as an investor, not a borrower, so I will not cover issues regarding taking out a loan from a P2P platform.
Figures are now a little out of date, but great to hear of the positive start to P2P lending in NZ. It’s also reassuring to hear the rate of rejections.