The technology that enables peer-to-peer lending platforms is based on blockchain and online financial services. Blockchain technology provides a secure and transparent framework for transactions, allowing lenders and borrowers to connect directly without intermediaries like traditional banks. Smart contracts automate agreements, ensuring that terms are met before funds are transferred. Additionally, online platforms leverage data analytics and credit scoring algorithms to evaluate borrower risk and set interest rates. This innovative approach democratizes access to capital, promotes financial inclusion, and often offers more favorable terms for users.