Will P2P Lending and P2P Technologies Come Together?

If you ask most people on the street what P2P stand for, they’ll say, “peer-to-peer.” But if you ask someone in procurement or accounts payable, they’ll say, “purchase-to-pay.” But will this distinction even matter in the future? I believe the two are poised to come together, in part, when it comes to the need for better information to drive the business lending, payables financing and receivables financing markets.

If you believe the headlines, such as P2P business lending to eclipse consumer sector, in the Financial Times, peer-to-peer business lending is set to take off. This lending format, where individuals or non-bank entities loan money directly to others in the business sector, is set to eclipse similar consumer-type loans.