Germany

P2P Lending Services – Loan Volumes September 2013

wiseclerk

P2P lending volumes grew again in September. Lending Club originated more than 200 million US$ in loans in one month. I do monitor development of p2p lending figures for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services. This time I added Folk2Folk to the table.

Table: P2P Lending Volumes in September 2013. Source: own research
Note that volumes have been converted from local currency to US$ for the sake of comparision. Some figures are estimates/approximations.

Notice to p2p lending services not listed:
If you want to be included in this chart in future, please email the following figures on the first working day of a month: total loan volume originated since inception, loan volume originated in previous month, number of loans originated in previous month, average nominal interest rate of loans originated in previous month.

P2P Lending Loan Volumes in August 2013

wiseclerk 2 Comments

P2P Lending volumes have grown again in August. I do monitor development of p2p lending figures for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services. This time there are two more services listed than last month.

Table: P2P Lending Volumes in August 2013. Source: own research
Note that volumes have been converted from local currency to US$ for the sake of comparision. Some figures are estimates/approximations.

Notice to p2p lending services not listed:
If you want to be included in this chart in future, please email the following figures on the first working day of a month: total loan volume originated since inception, loan volume originated in previous month, number of loans originated in previous month, average nominal interest rate of loans originated in previous month.

Auxmoney Changes Display Rules for Credit Scores

wiseclerk

P2P lending service Auxmoney changed its TOS today. Auxmoney will make display of pulled credit scores mandatory (there are 3 score types obtained from different bureaus). In the past the display of credit scores was optional and borrowers could decide, if they want them in their listing. In fact borrowers could decide to remove credit scores from their loan listing should they consider a low score to hurt funding chances.

In practise only loan applications with displayed scores had realistic funding chances in the past – over 90% of the funded loans had at least one credit score information (see chart). But this is still a positive step, offering more transparency for lenders and allowing easier comparision of the over 2,000 open loan listings.

P2P Lending Volumes in July 2013

wiseclerk

It has been some time since I last did an article at P2P-Banking.com on lending volumes. I do monitor development of p2p lending figures for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services. July was another month of rapid growth. As the table shows p2p volumes originated grew strongly for nearly all services when compared to the last month or last years month.


Table: P2P Lending Volumes in July 2013. Source: own research
Note that volumes have been converted from local currency to US$ for the sake of comparision. Some figures are estimates/approximations.

Notice to p2p lending services not listed:
If you want to be included in this chart in future, please email the following figures on the first working day of a month: total loan volume originated since inception, loan volume originated in previous month, number of loans originated in previous month, average nominal interest rate of loans originated in previous month.

Smava with Higher Net Loss for the Year 2011

wiseclerk

German p2p lending Smava had a high net loss for the year 2011. Documents available to P2P-Banking.com show that Smava incurred a net loss of 2.77 million Euro (approx. 3.68 million US$) in 2011; up from 1.75 million EUR in 2010. Overall loss carried forward up to the end of 2011 was 7.7 million EUR (approx 10.2 million US$). Smava did raise new capital in 2011. They had a cash reserve of 1.98 million EUR in the end of 2011. The high burn rate might have contributed to Smavas decision to change the business model in early 2012 moving away from p2p lending.
No financial figures were available to P2P-Banking.com for later periods.