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P2P lending software development
Launch a custom peer-to-peer lending platform, automate loan processing and reduce maintenance costs with the help of our signature technology.
What makes a robust P2P lending system?
P2P lending marketplaces bring together two very different audiences with their specific needs and ultimately help them achieve their goals: getting funds or earning profits. Providing them with a friendly interface to manage their loans and investments is as crucial as having a powerful back-office to overlook all activities on the platform.
It should be relatively easy both for lenders and borrowers to register on your platform. With that said, certain steps in the loan application or investor onboarding are essential to verify a client’s fitness and trustworthiness; let alone it may be a regulatory requirement, like in the United Kingdom.
Personal dashboards are mission control centres where your clients monitor everything that happens with their investments and loans.
In addition to base information, borrowers and lenders can configure certain settings, track transactions, top up their digital wallets or adjust account security settings.
Digital wallet is where the funds are kept during the funding period up until the payout date. It provides an extra security layer between the platform and the client’s credit card or bank account.
With digital wallets, lenders can lend money to selected borrowers, perform internal transfers between the wallets or add new funding methods.
User management in P2P lending platforms goes beyond the ordinary name and address changes.
A platform admin should be able to view the base information, update KYC and registration status, view loans and outstanding payouts or even create investments on behalf of lenders.
Knowing the potential repayment amount in advance allows borrowers making informed decisions regarding applying for a loan on your P2P lending platform.
A loan calculator will help them forecast future spending and make necessary adjustments to their loan repayment strategies or business.
Popular niches in demand for P2P loans
LenderKit specialised software for P2P lending platforms
Developing lending software solutions is usually costly, but there is a way to cut down the costs and save time. Our peer-to-peer lending software can become a solid launchpad for your P2P lending business. It has all the essential functionality, gives room for all sorts of customisation and drastically reduces your time to market.
Feature-rich administration panel for everything that happens on your crowdfunding platform:
- investor and borrower management;
- fee configuration;
- campaign monitoring;
- KYC status updates;
- access permission control and more.
If you have a need to build extra functionality on top of what’s included in our out-of-box SaaS lending platform, our developers will help you with that!
LenderKit has a long list of modules that power various features and functionality, covering the majority of business scenarios.
It’s great for personal loans or P2P mortgage lending. However, if your specific business can do without some of them, we will set up LenderKit only with the necessary set not to overload the interface.
Although we offer multiple features out of the box, our P2P lending software development team can customise LenderKit to fit your specific flows, develop unique features from scratch or integrate the platform with any third-party solution of your choice.
We have clients who have licenced their LenderKit powered platforms in several jurisdictions worldwide, including MENA, the UK, Europe and the USA.
LenderKit has built-in regulatory configurations, although we can always implement anything you may need on top.
If you are planning to launch a regulated crowdfunding business in the UK, our Appointed Representative services might of help.
There are several crowdfunding payment gateways tailored to particular investment flows and loan payments.
While we have extensive experience with providers like Lemonway, Mangopay, Payarea, we can implement virtually any payment gateway provider that works with crowdfunding platforms.
P2P lending platform development goes hand in hand with the integration of Fintech services and solutions:
- KYC providers,
- payment gateways,
- credit scoring systems,
- SMS notification services,
- marketing tool etc.