FintechLabs' P2PForce is a mature software and has quickly gained traction in the market due to its:
Scalability and Flexibility : The platform offers amazing flexibility and scalability to the companies looking forward to entering the lending business.
Easy Integration : P2P force is built from scratch and based on APIs, thus, it can easily be integrated with other systems, either in parts or as a whole.
Cost-Effective : It offers superior functionality in a cost effective manner so that companies can succeed in their quest to launch their own P2P lending platform.
Excellent Technical Support : Fintech's P2P Force is cloud-based, secure and one can have all the technical support he needs to launch the lending business quickly and effectively.
P2PForce generated a website for my P2P lending platform within timelines as promised.
-Ashraf Haled COO, Dana Marna
FintechLabs has provided us P2P lending software. We are extremely satisfied with our communications with the team.
-Jaideep Tibrewala CEO, LoanManch
The FintechLabs team is accessible and communicative and they quickly fix reported issues.
-Sunil Kumar CEO, Loanmeet
FintechLabs has been our main technology provider since 2014 and we can attest to the top-notch quality of their team.
- Marielle Tamkorv COO, Credio
We have been using services of Fintechlabs since 2015 and highly recommend them.
-Aleksei Kurov COO, EstateGuru
The process of people giving money directly to people and earning interest is quite easy
Loan Origination : The first step comprises of a borrower creating a profile on the platform, filling the loan application and a lender processing the same.
Credit Assessment : The lender assesses the risk, creditworthiness, figure out a credit rating and assign an appropriate interest rate. It is an evaluation of the ability of the individual to honor its financial obligation.
Funding : Here either an investor or a group of investors from the marketplace fund the loan.
Loan Servicing : Once the agreement is signed and other formalities are undertaken, the investors disburse the loan to the borrower.
Recollection : After a certain period of time or with the help of a couple of timely reminders, the investors collect the money from the borrower which includes the principal amount along with the interest.