In her 26 months of operation, the ground-breaking peer-to-peer lending platform P2Vest Technologies Limited has hit the 200,000 users landmark. This is an incredible accomplishment for the company, which has seen rapid growth and adoption of its product in the market. Austin Abolusoro, the founder and CEO of P2Vest, expressed his excitement at having attained this significant milestone: “The fact that our clients love our product is a credit to the effort, commitment, and value put forward by our team. We are eager to keep providing easy access to credit and connecting verified lenders with eligible borrowers.”
P2Vest gives credit-worthy Nigerians the opportunity to borrow money for immediate needs like rent, school fees, and medical expenses whilst simultaneously availing others the opportunity to make money by lending. This new system of borrowing and lending is revolutionary since it not only promotes financial inclusion but also provides a source of passive income. It gives both the lending and borrowing power back to Nigerians. P2vest uses artificial intelligence as part of the credit score algorithm to assess who is loan-worthy, which is a unique strategy that protects lenders whilst providing financing to eligible borrowers.
More than 10 significant merchants, including Cash N Carry, Panaserve, and others, have recently collaborated with P2Vest to provide their users with the Buy-Now Pay Later (BNPL) option. A customer may place an order for goods from a merchant and make a 40% down payment using the P2Vest app, whilst we fund the asset to a 60% level. In addition to our services, the “BailMe” feature, which enables users to borrow directly from friends rather than “on-platform” lenders, is another innovative product that was released earlier this year. In the upcoming months, we plan to unveil our insurance product that will make it simple for you to protect your property using your phone.
Samuel Abolusoro, Co-founder and Chief Operating Officer of P2Vest, commented on the company’s objectives, saying, “We intend to make all things credit related easy and accessible to the average Nigerian with solid credit history. By continuously enhancing our platform/service and looking into new growth opportunities, we will help our users build a solid credit history when they pay back on or before their due dates by increasing their limits from the thousands to the millions range. We are anticipating more significant accomplishments in the fintech space and will keep pushing the limits of technology.”
The P2Vest App is available on both the Android Play store and Apple IOS Store.
