Emma Okonji

Nigerian fintech, P2vest Technology Limited, has announced that its peer-to-peer lending app, P2Vest, has reached 100,000 users with access to fast loans.

This achievement underscores the role of organizations in transforming the way people access credit and lend money by bringing borrowers and lenders together.

Over the past 15 months, the leading peer-to-peer lending platform has used technology to serve its users with fast loan disbursement and a flexible repayment plan. To bridge the access gap, P2Vest connects approved lenders with borrowers, while helping them take control of their debt, grow their business and invest for the future.

According to the founder and CEO of P2vest Technology, Mr. Austin Abolusoro: “Our goal at P2vest is to create a platform that facilitates access to credit while building a credit history. Our approach is different, we use artificial intelligence to ensure that creditworthy Nigerians have access to fast loans. Since our launch, we have provided access to fast loans to over 105,000 Nigerians. This is a great achievement for us as we have given people the opportunity to access loans for their different needs such as business start-up, home renovation, car loans, rent payment, loan school, medical bills on the platform faster and without delay. While creating an opportunity for people to borrow more as long as they continue to repay”

The rapid rise of Fintech industries and the massive digital transformation of the provision of financial services has brought about the sharing economy – a new model of consumption, sharing, collaboration between individuals of goods, services, resources, with or without exchanges monetary through dedicated platforms.

With the adoption of sharing economy technology by businesses, the model that has grown by leaps and bounds allows the peer-to-peer economy to thrive by removing the role of third parties. P2Vest users can borrow money and also lend to others and earn interest.