3 Ways Fintech Is Changing The Way We Lend

The way we borrow money is quickly evolving as online lending platforms are emerging in the fintech sphere.

Lending companies are using analytics to predict which businesses are worth investing in. Credibly, a lender that primarily works with small businesses, uses big data to determine how successful their investments are.

Related Link: Check Out Some Of The Most Unique Data Sets In Fintech

Judgement lending lets lenders know what businesses are going to be worth. ZestFinance also uses big data underwriting and has even branched overseas to China. They were recently voted one of Forbes Fintech 50 in 2015.

Peer-to-peer lending is on the rise this year. EVEN Financial recently secured $2.8 million from Canaan Partners in funding to connect borrowers and lenders.

You can check out Credibly, ZestFinance, and EVEN Financial at the 2016 Benzinga Fintech Awards. Buy tickets here before the sell out!