P2P lending platforms are the leader of the new Fintech revolution. They are a huge competition to the traditional banks as they facilitate instant disbursal of loans even to borrowers with a weak credit score. They can be used by NBFC’s, self-help groups, private lenders, NGO’s, credit unions, and micro-financial institutions.
One of the customizable P2P lending platforms is Finabile. Its features include an e-KYC verification, cloud storage facility for commercial documents, offer different types of loans, and ensure smooth workflow management through a state-of-the-art server.
Another popular P2P lending blockchain software is FinCraft which comprises features like automatic regulatory reporting, a cloud facility, paperless processes, omnichannel capability, and an integrated accounting engine.
