P2P and Social Lending: Global Trends
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P2P and Social Lending: Global Trends
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Why Debt Crowdfunding Site Deal With Institutional Investor?

Why Debt Crowdfunding Site Deal With Institutional Investor? | P2P and Social Lending: Global Trends | Scoop.it
Debt Crowdfunding Site Deal With Institutional Investor Portends Industry Growth Forbes Brendan Ross, founder and president of Direct Lending Investments, agrees, “This partnership connects investors directly with qualified business borrowers and...
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Big Months For The Lending Club And Prossper: Annual Ramp USD $ 2.2 Billion

Big Months For The Lending Club And Prossper: Annual Ramp USD $ 2.2 Billion | P2P and Social Lending: Global Trends | Scoop.it
Another month is in the books and it was more of the same from the two leading p2p lenders, Lending Club and Prosper.
P2P Consultants's insight:

Summary of results

 

"Another month is in the books and it was more of the same from the two leading p2p lenders, Lending Club and Prosper. Combined they issued a total of $185.6 million in new loans in June up from $173.1 million in May. They are now on an annual pace of $2.2 billion in new loans, numbers that would have been unthinkable just 12 months ago. Keep in mind that both companies combined for just $871 million in new loans last year. The growth in 2013 has been amazing."



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Stu Lustman's comment, July 1, 2013 2:21 PM
Big institutions are gobbling up these loans too. Especially on Lending Club, its getting more difficult to get loans funded