Orchard, the company that channels institutional money into online lending platforms, has updated their Lendscape infographic once again. Orchard does a pretty good job of providing a “broad narrative” of industry progression. Even in the chopper waters of a anemic economy, platforms are continuing to enter the space. Recently Orchard points to more niche platforms. Hallie Bonnar of Orchard explains;
“We have also seen transformation in the originator category echoing an ongoing increase in lender specialization with Wunder Funding added to the Solar bucket, Prodigy Finance and DRB added to the education bucket and Health Credit Services added to the medical bucket.”
Hallie also notes two additional software providers: LendFoundry and Mirador.
Orchard is probably best positioned to provide a high-level overview of online lending. Whether you are balance sheet, P2P, high-bred or marketplace; if you are doing it correctly you are working with Orchard.
You may download the Orchard Lendscape 6.21.16