For several years now, P2P lenders such as Funding Circle and Lending Club have been picking up the slack left by the banks' falling appetite to lend to small and medium-sized enterprises (SMEs). However, incumbent banks and new lending platforms now look set to work together to serve these customers. According to Jean-Cedric Jollant, senior product manager, crowd lending at Misys: "SME loans have been down among the biggest lenders in the US by over $20 billion between 2007 and 2014, which is the same amount that has been lent through P2P in the same timeframe. There is definitely a shift taking place."
展开▼