What are the Growth Prospects for Peer-to-Peer Lending in 2014?
While no one can say for sure, the growth of peer-to-peer lending in 2013 and its prospects for 2014 is discussed in a recent post by Simon Cunningham in the LendingMemo blog. In this article, LendingMemo covers three reasons why peer-to-peer lending may grow in 2014.
1. The Professionals Are Investing:
In 2013, well-known, wealthy financial institutions took part in peer-to-peer lending. Some of these institutions (like Blackrock) are now becoming the main source for funding rather than individual retail investors like before.
2. Google has invested in Peer-to-Peer Lending
Google also is joining the excitement with a 7% purchase of Lending Club, which helps to solidify peer-to-peer lending. With Google being at the forefront of what’s next in technology as well as the world, this is a positive sign.
3. Great Growth in 2013
Overall, 2013 was considered a year of amazing growth for peer-to-peer lending. When compared to 2012, platforms Lending Club and Prosper saw a combined growth of 177%. We believe these 3 key factors legitimize the peer-to-peer lending business.
Read the full article on the LendingMemo website.
Prime Meridian Income Fund is a peer-to-peer lending fund that allows investors to participate in peer to peer lending and to take advantage of our automated investing system. Learn more about the Prime Meridian Income Fund
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