Peerform is a marketplace for peer-to-peer lending. Peer-to-peer lending is a marketplace that connects borrowers and lenders. Peer-to-peer typically refers to average Joes borrowing from and lending to other average Joes.
Accredited, personal investors or financial institutions are among those who invest in Peerform loans. According to Peerform, they look beyond the FICO score and use special algorithms to determine a borrower's creditworthiness.