• Subscribe
  • Contact Us
  • About LendIt Fintech News
  • Home
  • Menu Item
  • Menu Item
  • Menu Item
  • Menu Item

Lend Academy

LendIt Fintech News: Daily Coverage of Fintech & Online Lending


  • Editorial
  • Daily News
  • Podcast
  • Investor Forum
  • Events

Lending Club Overtakes Prosper to Become the World’s Largest P2P Lender

January 31, 2011 By Peter Renton 1 Comment

Views: 13

It was not a question of if it would happen, just when. Well, now it is official. Today Lending Club officially overtook Prosper as the world’s largest p2p lender.

Lending Club has unofficially held this title for some time, with their monthly new loan originations much larger than Prosper or anyone else’s for that matter. But now, Lending Club can claim the title of world’s largest peer to peer lending marketplace, a title that Prosper has used for many years, based on total loan originations.

When I checked the statistics page at both Prosper and Lending Club a few minutes ago at 12:45pm PST these were the numbers reported. These numbers represent the dollar value of all loans originated on each platform since inception:

Lending Club: $217,750,275
Prosper: $217,716,525

Is this news really important? Not really. For those of us who follow the industry, it is more of a curiosity than anything, a marker of sorts. Sources have told me that Lending Club will not be making a big deal about this. They want a healthy and growing p2p lending industry and feel there is plenty of room for multiple companies to thrive.

Filed Under: News Tagged With: Lending Club, Prosper

Views: 13

Trackbacks

  1. Lending Club Surpasses Prosper.com in Loan Origination | P2P Lending News says:
    February 1, 2011 at 10:15 pm

    […] Renton of SocialLending.Net offered the following commentary on the news item, “Is this news really important? Not really. For those of us who follow the […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Investor Intelligence

Peter Renton's Returns

Investor Forum

Lending Club Review

Prosper Review

Investor Resources

Most Popular Editorials

The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place

The 2018 Lending Club and Prosper Tax Guide

My Returns at Lending Club and Prosper

Map of Available States for Lending Club and Prosper Investors

Banks and Marketplace Lending Platforms: Ideal Partners?

Subscribe to the Podcast

Subscribe to the Lend Academy Podcast on iTunes
Subscribe to the Lend Academy Podcast
List of Podcast Episodes

Archives

Follow @LendAcademy Follow @LendIt

ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

Recent Editorials

  • Top 10 Fintech News Stories for the Week Ending March 6, 2021
  • Podcast 288: Leigh Phillips of SaverLife
  • The MLA and OLPI Merge to Form the American Fintech Council
  • Marcus Co-Founder Leaving for New Walmart Fintech Initiative
  • Top 10 Fintech News Stories for the Week Ending February 27, 2021

Copyright © 2021 · Metro Pro Theme on Genesis Framework · WordPress · Log in