🎉 Lean Technologies takes Wally live as its first client in the Kingdom 🇸🇦

P2P Lending

Customers can borrow from an individual or group of individuals who are willing to lend money to qualified applicants. Give lenders access to a new class of investments whilst allowing customers and businesses the ability to borrow from varied sources often at more favourable terms than conventional financial institutions.

Assessing the credit-worthiness of a customer seeking credit and managing payments between multiple sources is near impossible to achieve at scale through wire transfers. Lean provides insights on credit-worthiness, and facilitates the flow of payments between parties through bank-to-bank transfers, eliminating the complex and error-prone process of wiring funds.

P2P Lending

Problem

Assessing the credit-worthiness of a users seeking credit and managing payments between multiple sources is near impossible to achieve at scale through wire transfers.

Solution

Lean allows P2P lenders to see the credit worthiness of their clients and seamlessly manage the flow of payments between parties through a simple transactional API providing bank-to-bank transfers without worrying about the complex and error prone process of wiring funds.

How Lean helps P2P Lending

Transactions

Transactions

Fintechs can use the transaction data of customers and corporations seeking funds to assess their credit-worthiness and instantly analyze their financial wellbeing. This allows them to make enhanced data-driven decisions on the loan conditions for a potential debtor.

Customer-to-Fintech Payments

Customer-to-Fintech Payments

Fintechs can initiate bank-to-bank payments from lenders and debtors (repayment) programmatically rather than requesting wire transfers, which are cumbersome, error-prone, and therefore often delayed.

Fintech-to-Customer Payments

Fintech-to-Customer Payments

Lending fintechs can use use Lean’s payment initiation services to disburse funds to debtors and at the end of the loan’s maturity back to the lender, avoiding the need to do so manually.