P2P-Banking

Growth and other Recent News in P2P Lending

Zopa has announced that it reached the milestone of 150 million GBP in loans facilitated. Zopa says the new loan volume per month accounts for between 1% and 2% of new personal loan volume made in the UK.

P2P lending service Lending Club announced yesterday that it has been selected as a World Economic Forum 2012 Technology Pioneer. Lending Club was selected from amongst hundreds of applicants from around the world that hold the promise of significantly impacting the way business and society operate.

Both Lending Club and Prosper did continue their growth of monthly loan volume origination in August (Sociallending.net has charts and company comments).

Funding Circle Allows Multiple Loans and Higher Risk Loans
Peer-to-Peer Finance Association Founded by British P2P Lending Services