Unbundling Trend Allows P2P Lending Services to Challenge Banks

Banks will be harmed by unbundling, allowing innovative startups using innovation to offer select services better. Fred Wilson explicitly mentions Lending Club, Funding Circle and Auxmoney (which are portfolio companies of Union Square Ventures).

International P2P Lending Services - Loan Volumes December 2013
Auxmoney Now Sets Interest Rates Based on Own Score Classes