 "P2P")
Peer-to-Peer (P2P) lender, Monexo Fintech has partnered with Cube Wealth to provide clients with an alternative avenue for investments. The app-based wealth management firm's user-base of 350,000 customers will have an option of placing a portion of their investments onto Monexo's platform.
The P2P market space is only three years old and until last October operated without any regulatory oversight. While there are 3,000 P2P lenders in China with a total lending book of $500 million, the Reserve Bank of India (RBI) is said to have approved P2P licenses to around eight firms.
Industry sources say that the P2P lending market is
