--- title: "P2P and Marketplace Lending: 2014 In Review" description: With two IPOs, increasing demand, and new found popularity, marketplace lending continues its tremendous growth. Here are some highlights from the leading stories in marketplace lending in 2014 and a glimpse of what 2015 might bring. 1. P2P lending reaches new highs According to each P2p lending platform, both Prosper and Lending Club are on ... Read More --- [![Prime Meridian Capital Management](https://www.pmifunds.com/hubfs/Branding/pmifunds-logo.svg)](https://www.pmifunds.com/) [![Prime Meridian Capital Management](https://www.pmifunds.com/hubfs/Branding/pmifunds-white-logo.svg)](https://www.pmifunds.com/) - About Us - [About Us](https://www.pmifunds.com/about) - [Recognition & Awards](https://www.pmifunds.com/awards-recognition) - [Team](https://www.pmifunds.com/team) - Our Strategies - [Investment Strategies](https://www.pmifunds.com/strategies) - [Special Opportunities Fund](https://www.pmifunds.com/special-opportunities-fund) - [Income Fund](https://www.pmifunds.com/income-fund) - [Non-Performing Loan Fund](https://www.pmifunds.com/npl-fund) - Insights - [Insights](https://www.pmifunds.com/insights) - [Events](https://www.pmifunds.com/events) - [Videos & Podcasts](https://www.pmifunds.com/video-podcast-resources) - [Contact Us](https://www.pmifunds.com/contact) [Contact Us](https://www.pmifunds.com/contact) # P2P and Marketplace Lending: 2014 In Review December 23, 2014 With two IPOs, increasing demand, and new found popularity, marketplace lending continues its tremendous growth. Here are some highlights from the leading stories in marketplace lending in 2014 and a glimpse of what 2015 might bring. **1. P2P lending reaches new highs** According to each P2p lending platform, both Prosper and Lending Club are on track to more than double the number of P2P loans issued in 2014 over 2013. Prosper originated more than $2.5 billion in loans this year compared to roughly $750 million in 2013. While that’s impressive growth, industry leader Lending Club originated more than $4.1 billion in 2014 exceeding the 2013 number of $2.06 billion according to the company’s website. **2.  Lending Club and OnDeck IPOs** The P2P lending industry was validated with the success of Lending Club’s initial public offering. As the biggest P2P lending platform in the United States, the stock rose 56% on its first day of trading to $23.43 raising more than $1 billion. Less than a week after the Lending Club IPO, On Deck Capital also went public at $20 closing its debut at $27.98 a 40% increase raising $200 million. The success of the Lending Club and OnDeck IPOs set the scene for many more marketplace lending platforms to go public with prime candidates being Prosper, Funding Circle and Kabbage. **3. Demand for peer-to peer lending loans surpasses supply** As professional lenders on the platforms can verify, loans are being snapped up at lightning fast speed. While receiving little attention, much of the lending platform access is not available to new funds and institutional investors due to the huge demand from the existing investor base which already has a seat at the table. Firms with established connections like Prime Meridian Capital Management are still able to access these platforms in scalable capacity. Look for lending platforms to expand the number of loans available at various credit scores, and money raised through going public or private equity used to increase advertising and marketing budgets to further increase loan originations. **4. Interest in marketplace lending expands** *American Banker* has named “marketplace lending” its Innovation of the Year, stating, “2014 was a Gold Rush year for online marketplace lending.” Publications like *The Economist, American Banker* and more have written many articles in the past year discussing everything marketplace lending related including platforms, investing and its future. Conferences, such as LendIt and Market Place Lending Meet-Ups, are entirely devoted to marketplace lending. In 2014, there were more conferences for marketplace lending than ever before with new ones emerging like the Online Lending/P2P Symposium in Miami.  2015 is already packed with many more of these conferences, symposiums and meet-ups. The general public’s interest has risen in the past year as well.  As shown by Prime Meridian’s [P2P Lending Trend Watch](https://www.pmifunds.com/p2p-lending-trend-watch-interactive-chart-data/), one can easily see the spike in 2014 for Google searches relating to peer-to-peer lending.   **5. New P2P lending and marketplace lending platforms emerge; others receive major rounds of funding** New platforms, like Patch of Land- a peer real estate lending marketplace, have emerged focusing on specific segments of the peer-to-peer lending space.  More platforms have increased in popularity in 2014 like CommondBond and SoFi, which are dedicated to the student loan segment. Former PIMCO CEO Mohamed El-Erian is the lead investor for startup platform Payoff in which he took a $12 million equity stake.  SoFi received an $80M Series C round of funding including investor Peter Thiel in April 2014 and another round for an undisclosed amount was raised from private equity groups; Kabbage receives a $50M Series D investment. Look for existing p2p lending platforms to expand into different segments of p2p lending, the continued growth of existing platforms, and new contenders to emerge as the broader category of financial technology (also known as FinTech) continues to change how we view and work with money in 2015.       [Return to Insights](https://www.pmifunds.com/insights/) ## Subscribe today to receive our latest News & Insights! Receive our latest stories delivered monthly directly to your inbox. [Subscribe](https://www.pmifunds.com/insights/p2p-marketplace-lending-2014-review#popup-00) ## Subscribe Now **Please fill in the required fields below.** ![Prime Meridian Capital Management](https://www.pmifunds.com/hubfs/branding/pmifunds-gray-logo.svg) 2121 N. California Blvd, Walnut Creek, CA 94596 - [About Us](https://www.pmifunds.com/about) - [Our Team](https://www.pmifunds.com/team) - [Recognition & Awards](https://www.pmifunds.com/awards-recognition) - [Investment Strategies](https://www.pmifunds.com/strategies) - [Income Strategy](https://www.pmifunds.com/income-fund) - [Special Opportunities Fund](https://www.pmifunds.com/special-opportunities-fund) - [Non-Performing Loan](https://www.pmifunds.com/npl-fund) - [Insights](https://www.pmifunds.com/blog) - [Press Releases](https://www.pmifunds.com/blog) - [Contact Us](https://www.pmifunds.com/contact) © 2026 Prime Meridian Capital Management - [Privacy Policy](https://www.pmifunds.com/hubfs/Resources/pmcm-privacy-policy.pdf) - [Japan Regulatory Disclosures](https://www.pmifunds.com/japan-regulatory-disclosures) This material is being provided for information and discussion purposes only and any discussion of any funds is qualified in its entirety by the information included in the confidential offering documents and supplements (collectively, the “Memorandum”) of Prime Meridian Income Fund, LP, Prime Meridian Special Opportunities Fund, LP, and Prime Meridian NPL, LLC (the “Funds”) described herein, and is not intended to be, nor should it be construed or used as investment, tax or legal advice or an offer to sell, or a solicitation of an offer to buy, an interest in the funds, or any other security. Any offer or solicitation of an investment in the funds may be made only by delivery of the Memorandum. Before making any investment in the funds, you should thoroughly review the Memorandum with your professional advisor(s) to determine whether an investment in a Fund is suitable for you in light of your investment objectives and financial situation. The Memorandum contains important information concerning risk factors, including a more comprehensive description of the risks and other material aspects of an investment in the funds, and should be read carefully before any decision to invest is made. The funds are only open to investors fitting the definition of an “accredited investor” as that term is defined under Rule 501 of Regulation D of The Securities Act of 1933. An investment in the funds, like all investments, contains risk including the risk of total loss, and may not be appropriate for all investors. Any performance information shown on this website is presented net of all expenses, including management fees, performance fees and other expenses including portfolio-related expenses. Returns assume the reinvestment of all capital (including distributions where applicable) on a monthly basis. The performance data represents composite fund returns, and individual investor returns may vary higher or lower from the composite return due to timing of an investment and actual fees being charged. Past performance is not indicative of future returns. Any awards or other rankings listed on this site are not indicative of future performance.  These awards or any other rankings and/or recognition by unaffiliated rating services and/or publications should not be construed as a guarantee that an investor should or will experience a certain level of results or satisfaction if they invest with Firm, nor should it be construed as a current or past endorsement by any of our investors. Firm did not pay a fee to participate in these awards or ranking surveys. In addition, any projections contained on this website (including targeted returns, opinions, estimated fees, predictions or expectations about any future event) are based on a variety of estimates and assumptions by Prime Meridian Capital Management, including, among others, estimates and assumptions regarding future operating results, the value of assets and market conditions at the time of investment and disposition, interest rates, and other realization events. Performance estimates and underlying assumptions are inherently uncertain and are subject to numerous business, industry, market, regulatory, geo-political, competitive and financial risks that are outside PMCM’s control. There can be no assurance that the assumptions made in connection with any projections will prove accurate, and actual results may differ materially, including the possibility that an investor may lose some or all of any invested capital. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Prime Meridian Team", "url" : "https://www.pmifunds.com/insights/author/prime-meridian-team" }, "dateModified" : "2024-07-19T17:59:37.430Z", "datePublished" : "2014-12-23T05:00:00.000Z", "headline" : "P2P and Marketplace Lending: 2014 In Review", "mainEntityOfPage" : { "@id" : "https://www.pmifunds.com/insights/p2p-marketplace-lending-2014-review", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.pmifunds.com/hubfs/Branding/pmifunds-logo.svg" }, "name" : "Prime Meridian Capital Management" } } ```