Prosper demonstrates the huge growth for its platform and the peer lending industry in 2014 with an infographic I’ve reposted below and available on the Prosper site here. Will the momentum continue? You tell me. Prosper originated $205 million in loans through December, its best month ever. Prosper originated $1.6 billion loans during the year for 123,000 people. Amidst all the enthusiasm … [Read more...]
ApplePie Capital: P2P Lending Franchise Business Loans
Our post today is an interview with Denise Thomas, CEO and co-founder of ApplePie Capital , a peer lending platform for franchise business loans. After launching the first online securities auction 14 years ago, Denise and co-founder Steve Pelletier started watching the recent growth in peer lending and decided that they could provide a more efficient way for small businesses to access … [Read more...]
Must Read Peer Lending News of the Week
Peer Lending News is a weekly recap of the biggest headlines and analysis in the peer lending industry. I keep track of all the best posts and news to highlight here on the site every Tuesday. Let me know if I miss anything you think readers would want to see. Peerform, the p2p underdog? Lend Academy updates us on the progress of peer lender Peerform after relaunching the site in April. The … [Read more...]
Peer Lending 2015: Competition, IPOs and More Growth
After the explosive growth this year, it would be hard to say that the industry could grow even faster next year but there is a good chance that it may happen for peer lending 2015. Not only have two successful IPOs brought media attention and new capital to the space, a shifting rate environment and strengthening economy may bring added benefits to investors and borrowers. I’ve talked with … [Read more...]
Must Read Peer Lending News of the Week
P2P News is a weekly recap of the biggest headlines and analysis in the peer lending industry. I keep track of all the best posts and news to highlight here on the site every Tuesday. Let me know if I miss anything you think readers would want to see. Another week and another initial public offer of shares from a peer-to-peer lending platform. OnDeck Capital (NYSE: ONDK) listed shares on the … [Read more...]