TMM - News

Peer-to-peer lending on the rise

Friday 23rd of November 2018

FMA figures show new loans to individuals rose to $143 million in the year to June, up from $124 million in 2017. P2P loans to businesses more than doubled from $31 million in 2017 to $64 million last year, according to the data. 

The figures underline the growing market for alternative sources of lending in New Zealand, in a year that has seen strong growth for non-bank lenders in...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.