2018 was a landmark year for the peer-to-peer (P2P) industry and 2019 is expected to bring greater growth to the sector.

There were over 30 P2P platforms in India in 2016 but only a handful of them succeeded in obtaining the RBI licence so far. Faircent was the first P2P company to receive the NBFC-P2P licence. 

The banks and NBFCs today cater to 3-4 percent of the population for their credit requirements. With increasing proliferation of digital transactions, fintech innovations, and demand for affordable credit, the P2P sector has emerged as an alternate investment and lending platform. The current size of Indian P2P market is around Rs 200 crore, and it is projected to be $4-5 billion by 2023. 

 

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https://economictimes.indiatimes.com/wealth/p2p/with-2018-hiccups-gone-p2p-companies-look-at-2019-with-high-hopes/articleshow/67225873.cms