ABSTRACT
Nowadays, crowdfunding platforms, in particular peer-to-peer (P2P) lending, provide a wealth-management service for individuals, which allows lenders to pursue high returns with a streamlined process, while borrowers can look for low interest rates with fast approvals. In general, there are two operation models that P2P lending can use in order to add value: (1) auction-based lending, and (2) automatic-matched lending. The former matches individual lenders and borrowers through an auction style process, while the latter helps the two sides to establish an automatic lending relationship (De Buysere et al., 2012).
