P2P Lender Collateral Announces Mobile App

Collateral has announced plans to test a mobile app for borrowers and investors; the platform sees app development as a trend for the industry and will be one of the first platforms to offer a mobile app for both borrowers and investors; it also expects the mobile app to be a factor for managing competition with banks; Collateral is a secured personal property lender offering loans of GBP5,000 ($6,415) to more than GBP1 million ($1.3 million). Source

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