Nicole Junkermann, NJF Capital founder, presents Lendable, a lending platform that makes borrowing money effortless.

In 2018, more than £6bn was loaned to consumers, small business and property developers by UK peer-to-peer lenders.

Peer-to-peer lenders cut out banks, allowing investors to get higher rates and borrowers to pay less than a conventional loan.

Set up in 2014, Lendable is an online platform that uses machine-learning technology to take the hassle out of borrowing money.

Lendable also finances companies across Africa and Asia, lending over US$50 million to fintech businesses there.

In Indonesia, it’s recently invested in KoinWorks, who aim to strengthen digital small and medium-sized enterprises in the region, aiding recovery from the pandemic.

By using technology to simplify finance, digital loans platforms are making money more accessible to small businesses across the world.