Whatever Happened to Peer-to-Peer Lending?

Even before Uber upended the taxi business and Airbnb disrupted vacation rentals, the idea of peer-to-peer lending was meant to give individuals alternatives to traditional consumer sources of credit, both as borrowers and investors. But the fintech market is continuously evolving. We’ll catch you up on what’s happened to the concept, and how (and whether) you can invest or borrow from a digital lender.
 

Most of the firms that started out as online platforms to connect consumers who wanted to borrow money with individual investors who financed loans, also known as peer-to-peer lending, now primarily partner with larger financing sources, like banks and hedge funds, using their artificial intelligence tools to evaluate creditworthiness. Other players have exited the business or had regulatory problems. As the business model continues to grow, it’s also being called marketplace lending or fintech lending.
 

These days, individual investor funding of digital loans