P2P lenders face big test amid virus outbreak
Despite added risks on horizon, players say fintechs are not necessarily at a disadvantage
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Singapore
FINTECHS such as peer-to-peer (P2P) lenders have burst onto the scene in the past few years to address a credit gap that they say is untouched by banks.
Now, with the ongoing virus outbreak threatening to break small- and medium-sized enterprises (SMEs) struggling with cash flow, supply constraints, and dwindling sales, such newfangled platforms may see their biggest test to date when it comes to their lending models.
