Peer-to-peer lending platforms in Lithuania: development possibilities

Abstract

Peer-to-peer lending is one of the main financial technology services. Peer-to-peer (also known as P2P) lending platforms offer fast and simple way to get a loan from other people. Although this sector is still new in Lithuania, its development would have a great impact on country‘s economy. It would make new workplaces and expand variety of available financial services. Article look into work of peer-to-peer lending platforms in Lithuania. Aim – examine P2P lending platforms in Lithuania and determine sector‘s development possibilities. Analysis of scientific literature and platforms‘ data analysis methods have been used. First, article presents conception of peer-to-peer lending, then platform performance process was explained. After that we analyze and compare peer-to-peer lending platforms in Lithuania. Lastly, authors look into sector development possibilities in the country.