Marketlend’s marketplace lending platform development awarded to peer-to-peer specialists Rebuilding Ltd.

On September 15, 2014, after three months of due diligence, Marketlend awarded Rebuilding Society.Com Limited the development and hosting of Marketlend’s advanced marketplace lending platform.

The platform is an enterprise class peer-to-peer/crowdfunding technology solution, which uses industry proven technology. It already powers and other leading peer-to-peer and crowdfunding companies.

The platform is based on a popular open source content management system, a fantastic tool for maintaining a website. It is so popular that it’s currently estimated to power around 18% of the web.

The platform incorporates a variety of advanced features that make it easy and efficient to process the transactions involved in peer-to-peer lending. This includes uploading funds to the platform, placing bids on loan auctions, completing loans, calculating interest and assigning repayments to the correct lenders.

The open source technology also means Marketlend can modify things to integrate with chosen plugins specific to client wishes and operational needs.