July 24, 2012 – Is Lending Club getting the upper hand over Prosper?

Ok, so lets take a look @ the state of the P2P lending scene here in the United States. In the United States, there are currently two big P2P lenders: Prosper.com and LendingClub.com

Below are a few charts showing the historic rates of loan originations for these two companies:

What is apparent from these graphs is that not only is Lending club growing faster on a Dollar basis, it is also growing faster on a number of loans basis. It’s pretty safe to say that LendingClub appears to be growing at least twice as fast as Prosper. It also seems that LendingClub is attracting more of the larger loans (for better or for worse).

One hint as to why this is happening lies in Alexa’s data regarding online traffic for the two sites. It appears the LendingClub‘s overall marketing presence has more traction than Prosper‘s.

Something to think about. Keep in mind, the P2P Lending industry is still extremely new and anything can happen.

Note: Later this week I plan on writing a post classifying the overall “volume” on Lending Club. Some of the questions I want to answer in the next few posts: Are Notes more vigorously being snatched up by investors recently? What notes are being chosen first by investors?

You can leave a response, or trackback from your own site.

One Response to “July 24, 2012 – Is Lending Club getting the upper hand over Prosper?”

  1. Roundup of Social Lending News – July 28, 2012 - Social lending Blog says:

    [...] P2P Analytics – IS LENDING CLUB GETTING THE UPPER HAND OVER PROSPER?  [...]

Leave a Reply


four × 3 =

Note: The material presented on P2Panalytics is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither P2PAnalytics nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither P2PAnalytics nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of Peer to Peer Lending notes and portfolios for educational purposes, is not necessarily indicative of future results. Anyone related to P2PAnalytics may hold positions in the notes mentioned, which may change at any time without notice. Peer to Peer lending has inherent risks and P2PAnalytics is not responsible for investment losses incurred by any of its users or readers.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.