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?