Profit from lending platforms
In the aftermath of the 2008 financial crisis, people didn’t trust banks. They were only lending to the safest of customers, while plummeting interest rates left savers without a decent return. Then new technology appeared, which “democratised” finance: so-called peer-to-peer, or P2P, platforms.
The likes of Zopa and Ratesetter sprung up to connect people who needed to borrow money, but had been shunned by banks, with others with spare cash who wanted to earn a decent rate of interest in return for taking more risk.
The idea caught on, and
