The US-based peer-to-peer lending space is off to a blistering start in 2014. January saw over $325 million in loan origination for Lending Club and Prosper. Lending Club accounted for over a quarter-billion in loans alone, up from $100 million in new loans in January of 2013. In short, Lending Club is on pace to double total loans this year with 5-10% month-over-month growth.
Prosper Loans accounted for $67 million in new loans, up 12.2% over last month’s total.
[h/t LendAcademy]