Latvijas Alternatīvo Finanšu Pakalpojumu Asociācija

The financial environment of today is changing rapidly and there is an ideological clash of business values and principles between traditional banks and providers of alternative financial services – between the old and the new. There have arisen discussions about these forms of business in the public space, where one sector is as-sociated with the untested, unknown, difficult, but the other with adherence to principles and bureaucracy.

The peer to peer lending industry has been changing the way we see finance and challenging the roles of traditional banks in society since 2005. As a result, banks no longer have a monopoly over the lending industry and investments are no longer confined to stocks and bonds. The peer-to-peer lending industry has brought endless opportunities and ample variety for borrowers and investors alike.

The European alternative lending market is about to make a breakthrough in its development. The P2P service Robo.cash considers the Latvian platforms contribute significantly to the process.