P2P lending blockchain platform are the leader of the new Fintech revolution. They are a huge competition to the traditional banks as they facilitate instant disbursal of loans even to borrowers with a weak credit score. They can be used by NBFC’s, self-help groups, private lenders, NGO’s, credit unions, and micro-financial institutions.
One of the customizable P2P lending platforms is Finabile. Its features include an e-KYC verification, cloud storage facility for commercial documents, offer different types of loans, and ensure smooth workflow management through a state-of-the-art server.
Another popular P2P lending blockchain software is FinCraft which comprises features like automatic regulatory reporting, a cloud facility, paperless processes, omnichannel capability, and an integrated accounting engine.
Ecrowdfundr is another P2P lending software that is mainly used for crowdfunding and raising donations. They support micro entrepreneurs, non-profit organizations, and microfinance companies in industries like retail, lease finance, telecom, and charity. The benefits include a reduction in operational costs and a decrease in policy exceptions.