P2P financing is a web-based innovation that broadens the ability of entrepreneurs and small business owners to unlock capital from a pool of individual investors in small amounts and provides a quick turnaround time to obtain financing for their businesses, through an online digital platform.
The SC has announced the regulatory framework for P2P financing in 2016. The P2P framework is part of SC’s on-going effort to provide greater access to market-based financing through the application of innovative technology solutions.
* Parties interested in establishing and operating a P2P financing platform can submit their application to the SC from 2 May to 1 July 2016.
* Please direct any questions specifically on the P2P application to email@example.com