Tagged: peer lending

Brief: Lending Club Ceases Daily Platform-Wide Loan Origination Data Updates

Lending Club will make a change to their platform that will result in the removal of daily loan origination data across the platform. They’ll instead opt to share data on a quarterly basis. The announcement came via Lending Club’s blog… Instead of posting new issuance… Read More

Prosper Becomes Latest Billion-Dollar Platform, Underscores Peer Lending Dominance

$1 billion in loans 3,000% growth in eight years 118,000 personal loans issued Over 75,000 investors Over 93,000 borrowers 47 states Its been a long road since the first loan in 2006. Since then the $1 billion dollars issued through Prosper went towards helping people… Read More