P2vest, a peer-to-peer lending platform by P2vest Technology Limited, has commemorated gaining 100,000 customers on its platform since its launch in 2020.
With a mission to rework the best way folks entry credit score and lend cash by bringing debtors and lenders collectively, the platform states that it permits for fast mortgage disbursement and a versatile payback plan, safer than gives obtained from mortgage sharks.
Cash-strapped debtors for some time now in Nigeria, have been on the mercy of lenders who use unscrupulous means to get better loans. These lenders who conduct their companies unprofessionally go so far as marring the integrity and characters of the debtors and their harmless guarantors.
Promising to supply a greater method to lending and borrowing inside friends by the utilization of synthetic intelligence, the Founder and CEO of P2vest Technology, Mr Austin Abolusoro says that, ”Our aim at P2vest is to construct a platform that delivers on ease of entry to credit score whereas additionally constructing a credit score historical past. Our method is completely different, we’re utilizing Artificial Intelligence to make sure credit-worthy Nigerians have entry to fast loans.”
According to Abolusoro, the 15-month previous monetary expertise firm bridged the hole of mortgage entry by connecting authorised lenders with debtors, whereas serving to them take management of their debt, develop their companies, and make investments for the longer term.
“Since we launched (in 2020), we have provided access to quick loans to over 105,000 Nigerians. This is a big achievement for us as we have availed people the chance to access loans for their different needs like setting up of businesses, house renovations, Car loans, paying rent, school loan, medical bills on the platform faster and without delay. While also creating an opportunity for people to borrow more as long as they continue to pay back,” he mentioned.
Speaking on its mode of operation, the corporate states that it makes use of the Sharing Economy Technology. The sharing financial system expertise is a brand new mannequin of consumption, sharing, collaboration between people of products, companies, sources, with or with out financial exchanges through devoted platforms.
The adoption of the sharing financial system expertise and its mannequin has allowed the fintech credit score world to develop through the years. Its progress now creates room for P2P financial system to thrive as they minimize out the function of third events.
On the P2vest platform, customers are inspired to develop their cash by “becoming a lender on our easy-to-use platform. Give out loans tailored to you and your income, and earn attractive returns.” Borrowers then again are to supply their correct data, together with financial institution particulars, the place funds of mortgage, when due are mechanically withdrawn from the accounts.