Alternative Lending Platforms are online services that provide credit and loan services to individuals and businesses. These platforms are typically used by those who are unable to access traditional banking services, such as those with poor credit scores or those who are self-employed. They offer a range of services, including short-term loans, peer-to-peer lending, and merchant cash advances. These services are often more expensive than traditional banking services, but they provide access to credit and loans for those who may not otherwise be able to access them. Alternative Lending Platforms are becoming increasingly popular as they provide a convenient and accessible way to access credit and loans. They are also becoming more competitive, with many platforms offering competitive rates and terms. Some of the companies in the Alternative Lending Platforms market include LendingClub, Prosper, Kabbage, and OnDeck. Show Less Read more
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