A startup peer-to-peer online lending service launches and has already attracted a flow of users.

Startup company Pandai was launched by Roger Ying, a Stanford Graduate who grew up in South Africa. The peer-to-peer (P2P) online consumer finance model essentially allows anyone to lend or borrow money from netizens in China. The easy-to-use platform and transparent system has already attracted a flow of borrowers and lenders. A large handful of borrowers have already been successful funded and are in the process of repaying back the lenders. The P2P program provides borrowers with credit loans and high-fixed income products for lenders.

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