Transition from Borrowers to Investors with Pavitra Pradip Walvekar
In the ever-changing world of finance, Peer-to-Peer (P2P) lending has become a game-changer, shaking up how borrowing and lending work. This new financial model connects people or businesses needing money directly with investors seeking opportunities. Let's dive into what P2P lending is all about, its core principles, and how it's become a popular choice in finance with Pavitra Pradip Walvekar, who runs Kudos Finance and Investments Private Limited in Pune.
P2P lending works online, cutting out the middlemen of traditional banks, making it more decentralized and open to everyone. It's a departure from the usual banking setup, offering a simpler way to get funds. Over the last ten years, P2P lending has become a big deal worldwide, especially in the financial technology (FinTech) field.
According to a report by PwC, P2P lending in India is expected to hit a value of USD 4 billion by 2026. While that's impressive, it's worth noting that in China, P2P lending has already surpassed a whopping USD 100 billion. This shows there's plenty of room for growth in India's P2P lending industry.