Decline of P2P Lending Volume at Smava Continues

At German the volume of newly originated p2p loans continues to fall and reached a record low of  approx. 700K Euro in January. That’s only about one-third of the volume Smava funded on its peak-time in mid-2010. Smava changed its business model in spring 2012, since then focusing on brokering bank loans and the aim to rely on the commissions paid by the banks as main source of revenue rather than the p2p lending transaction fees. There are no public figures available on the volume of bank loans brokered by Smava. I do wonder if they will reach break even by pursuing that model as competition in that market is fierce.

(Source – click for larger image)

Key Take-Aways from the Society One P2P Lending App
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