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January 23, 2018, 05:56:25 AM |
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Project evaluationThe development of the Internet has allowed the type of P2P loans becoming increasingly popular. This type of loan grew 81.2% between 2010 and 2015According to Morgan Stanley, while peer lending in 2015 accounted for 1% for unsecured consumer loans and small and medium enterprise loans in The United States, it could reach 10% by 2020 and expected China, Britain and Australia will also have the same rate of growth. The global market could increase to $ 150-490 billion by 2020.
The Fintrux project is a P2P lending platform that allows start-up businesses and small and midsize businesses to access unsecured funds. It is expected that the platform will be an open ecosystem including credit appraisers, underwriters, liquidators, lenders, borrowers, local debt collectors. Credit risk, the platform will implement credit enhancement mechanism in four levels.
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