Could Technology Disrupt Finance In SA?Oct 29, 2014 RainFin In the news News
Ian Duvenage, our Chief Business Development officer, was interviewed by News24 Live about the peer-to-peer financing model in South Africa.
Ian talks about the successes of peer-to-peer finances both overseas and in South Africa. He explains how peer-to-peer financing differs from crowd funding.
Peer-to-peer financing allows borrowers to apply for a loan by setting the terms and conditions they are willing to follow, such as the interest rate and the term. Investors, can then make a decision on what loan they are willing to fund.