Peer to Peer Lending Expected to Reach $1 Trillion in Next 5 Years

It is remarkable to see the exponential growth of the peer-to-peer lending industry, with growth expected to reach $1 trillion within the next five years.  Peer-to-peer lending is providing strong returns for millions of current investors, and helping borrowers by allowing them to take out loans with less friction and lower interest rates. How has … Read More

Fintechs Continue to Disrupt as More Traditional Firms Take Notice

For the past nine years, online lenders have been disrupting the lending norms established by banks and other traditional lenders. These online lenders have grown from owning 1% of unsecured lending in 2010 to owning 40% in 2019. This shift has resulted in traditional financial powers placing a greater emphasis on partnerships with Fintechs.  Read … Read More

Small Businesses Turning Far More Often to Online Lenders

In a short span of two years, the rate of small-business owners applying to an online lender has increased from 19% in 2016 to 32% in 2018. There are many reasons why small-business owners would choose online lenders over traditional banks, such as online lending platforms provide convenience and saves time for borrowers. Learn more … Read More

Funding Circle US Hits $2bn Milestone

This article is astonishing and positive news for the peer-to-peer lending industry. One point of note in the article is: “If [Funding Circle] were a bank it would be among the 50 largest small business commercial and industrial loan portfolios in the US, according to the latest FDIC data available, cited by Funding Circle”. This … Read More