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Industry and P2P Market Background

Peer-to-peer platforms were first introduced in the 21st century. The main premise of developing a P2P market is to streamline interactions between investors and borrow. Since there’s an increase in volume of P2P lending, the market has been growing at exponential rates. Consequently, there is a need for a new P2P platform.

Source: Karma

Karma is looking to meet this demand and to change the way people conduct transactions and develop both social and economic relationships. There are advantages to P2P platforms such as limited government legislation, speed of decision making (especially for obtaining credit or loans) and quality

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