US

International P2P Lending Services – Loan Volumes August 2014

wiseclerk 1 Comment

In August Prosper, Bondora and Thincats showed big growth of newly originated loan volume. For most other services it was a slow month. I added one more new service to the table.  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.

Table: P2P Lending Volumes in August 2014. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. 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.

Lending Club IPO Filing Published Today

wiseclerk

P2P Lending Service Lending Club Filed a preliminary prospectus today with the SEC to prepare the IPO. Lending Club aims to raise 500 million US$ in the public offering. The document does not set a share price or a company valuation, which will happen later on in the process. The underwriters are Goldman, Morgan Stanley, Citi, Stifel, BMO, Allen & Co., William Blair, and Wells Fargo. In the first half oof 2014 Lending Club had a revenue of 87.3 million US$ and a net loss of 16.5 million US$. S. The company had 2.33 billion US$ in p2p loans on its balance sheet as of June 30.

This is a huge boost for p2p lending and will raise lots of awareness in the US and internationally for the innovative industry.


Rapid growth of Lending Club’s loan volume since launch in 2007

(Sources: press release and prospectus)

International P2P Lending Services – Loan Volumes July 2014

wiseclerk 1 Comment

In July Prosper and the three big UK p2p lending services grew their volume further. On the other hand the smaller services had mixed results with some experiencing a decline in loan originations in July, probably due to the holiday season.  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.

Table: P2P Lending Volumes in July 2014. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. 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.

International P2P Lending Services – Loan Volumes June 2014

wiseclerk

June was another strong month for p2p lending services. Especially Prosper, Assetz Capital, Folk2Folk and Wellesley did grow their volume substantially. My estimate for the Lending Club number for June may be too high (I took the known figure of 1,006 million US$ loans issued in Q2 and subtracted my approximated numbers for April and May. But these April and May approximations may have been too low).  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.

Table: P2P Lending Volumes in June 2014. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. 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.

International P2P Lending Services – Loan Volumes May 2014

wiseclerk 2 Comments

Developments in May were mixed when compared to p2p lending volumes in April. I added one new service to the table. 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.

Table: P2P Lending Volumes in May 2014. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. 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 Lender Lending Club Announces Partnership with Union Bank

wiseclerk

Renauld Laplanche, CEO of Lending Club, announced today that Lending Club and Union Bank will partner to develop and offer products to  the 1 million customers of Union Bank. Lending Club has partnered with several smaller banks in the 12 to 18 months. Laplanche sees great potential for more of the 6,000 banks in the US to partner with the p2p lending industry and profit from leaner processes the new players offer.


Source: Lending Club


Renauld Laplanche speaking at LendIt 2014

Asked whether Lending Club has plans to go international he says the focus is on the US. But the time may come for international expansion but that is at least 2-3 years of.