Search results
Results From The WOW.Com Content Network
In 2013, LendingClub was the largest peer-to-peer lender in US based upon issued loan volume and revenue, followed by Prosper. [32] [33] LendingClub was also the largest peer-to-peer lending platform worldwide. [42] The interest rates ranged from 5.6 to 35.8%, depending on the loan term and borrower rating. [43]
If you've been looking for investment options for your money, you've likely encountered P2P platforms at some point. With reports that the peer-to-peer lending market could hit over $21 billion by...
At its height, LendingClub was the world's largest peer-to-peer lending platform. [7] The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015. [8] LendingClub enabled borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period was three years.
Prosper Marketplace is America's first peer-to-peer lending marketplace, with over $23 billion in funded loans. [1] Borrowers request personal loans on Prosper and investors (individual or institutional) can fund anywhere from $2,000 to $50,000 per loan request.
Private equity results were worse. There were 2,665 U.S. announced PE deals, a roughly 28% drop from last year, while the value of these private equity mergers plunged by about 46% to $380.9 billion.
Peer-to-peer (P2P) lending emerged in the early 2000s as an alternative option, letting people borrow from other individuals rather than banks or financial institutions. Today, this type of ...
StreetShares Inc. launched in 2014 as a military veteran-focused peer-to-peer lender by Mark L. Rockefeller, Mickey Konson, and Ben Shiflet. [1] In May 2014, StreetShares raised a $1.2 million seed stage investment with investors including global microfinance company, ACCION International, [2] Washington D.C. area community bankers, military veteran investors, Harvard Business School angel ...
Peer-to-peer (P2P) lending marketplaces such as LendingClub and Prosper make it easy for individuals to access loans without relying on a third-party financial institution.