P2p, also known as Peer-to-Peer peer-to-peer lending, is a private micro-lending model, which gathers small funds and lends them to people who need them. It is the product of Internet finance (ITFIN). It belongs to private microfinance, an online credit platform built with the help of Internet and mobile Internet technology, and related financial management behaviors and services.

Extended data:

P2p business model:

Peer-to-peer microfinance is a business model, which collects a very small amount of money and lends it to people who need it. Its social value is mainly reflected in three aspects: meeting personal capital demand, developing personal credit system and improving the utilization rate of social idle funds. As an intermediary platform, Internet credit companies (third-party companies and websites) provide a network platform for information release and transaction realization with the help of Internet and mobile Internet technology.

Connect borrowers and lenders to meet their respective borrowing needs. The borrower publishes the loan target on the platform, the investor bids to lend to the borrower, and both borrowers and borrowers bid freely, and the platform closes the transaction. In the process of lending, information, funds, contracts and procedures are all realized through the network. It is a new financial model developed with the development of internet and the rise of private lending, and it is also the development trend of financial services in the future.

Baidu Encyclopedia -p2p