Brief: Lending Club, Prosper Combine For $325 Million In New Loans In January

lending club and prosperThe 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]

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