P2P lending platform Prestadero released growth figures this week that attest to the growing popularity of non-bank lending intermediaries.
Here are some of the growth numbers it released:
- Surpassed 11,000 registered users
- Received credit applications for more than 225 million pesos in 18 months
- On track to double its credit origination every 3 months
The Mexico-based company offers unsecured personal loans from $10,000 to $250,000 pesos at rates from 8.9% to 28.9% per year. These rates are much more attractive than classic credit card APRs which, in Mexico, average 56.32%.
Prestadero debuted its platform at FinovateSpring 2013. Check out the demo here.