P2P lending volumes grew strongly in October. I do monitor development of p2p lending figures for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services.
Table: P2P Lending Volumes in October 2013. Source: own research Note that volumes have been converted from local currency to US$ for the sake of comparison. Some figures are estimates/approximations.
Notice to p2p lending services not listed: If you want to be included in this chart in future, please email the following figures on the first working day of a month: total loan volume originated since inception, loan volume originated in previous month, number of loans originated in previous month, average nominal interest rate of loans originated in previous month.
P2P lending volumes grew again in September. Lending Club originated more than 200 million US$ in loans in one month. I do monitor development of p2p lending figures for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services. This time I added Folk2Folk to the table.
Table: P2P Lending Volumes in September 2013. Source: own research Note that volumes have been converted from local currency to US$ for the sake of comparision. Some figures are estimates/approximations.
Notice to p2p lending services not listed: If you want to be included in this chart in future, please email the following figures on the first working day of a month: total loan volume originated since inception, loan volume originated in previous month, number of loans originated in previous month, average nominal interest rate of loans originated in previous month.
P2P Lending volumes have grown again in August. I do monitor development of p2p lending figures for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services. This time there are two more services listed than last month.
Table: P2P Lending Volumes in August 2013. Source: own research Note that volumes have been converted from local currency to US$ for the sake of comparision. Some figures are estimates/approximations.
Notice to p2p lending services not listed: If you want to be included in this chart in future, please email the following figures on the first working day of a month: total loan volume originated since inception, loan volume originated in previous month, number of loans originated in previous month, average nominal interest rate of loans originated in previous month.
It has been some time since I last did an article at P2P-Banking.com on lending volumes. I do monitor development of p2p lending figures for many markets. Since I already have most of the data on file I can publish statistics on the monthly loan originations for selected p2p lending services. July was another month of rapid growth. As the table shows p2p volumes originated grew strongly for nearly all services when compared to the last month or last years month.
Table: P2P Lending Volumes in July 2013. Source: own research Note that volumes have been converted from local currency to US$ for the sake of comparision. Some figures are estimates/approximations.
Notice to p2p lending services not listed: If you want to be included in this chart in future, please email the following figures on the first working day of a month: total loan volume originated since inception, loan volume originated in previous month, number of loans originated in previous month, average nominal interest rate of loans originated in previous month.
Friendsclear, a french p2p lending service, has been operating for more than 3 years. When I learned in the end of May that the company is closing down, I contacted the founders to find out why. Nicolas Guillaume, co-founder of Friendsclear, told P2P-Banking.com:
The key points are the following:
– We have been in a quiet period following french regulator’s remarks for about 8 month (april to dec 2012) and we relaunched our platform in a new model compliant with regulator’s remarks in december 2012
– Regulator’s remarks were mainly on a better risk management for client and the capacity for the bank to refuse any loan without explication (“discretionary”)
– We modified our crowdfunding model with a project mitigation model and a guarantee in capital by our banking partner (Credit Agricole)
– We had a very progressive and slow restart due to extended legal process with our banking partner (regulator’s remarks made them very meticulous)
– We considered regulator’s remarks as non legaly based  but our banking partner was not ready to discuss with the regulator.
– French regulator has published a guide for crowdfunding not friendly with crowdfunding platform and has received complaints about (money collect need a emoney licence, equity need an extensive broker licence,…) Regulation is planned to be changed in September 2013
– With capital guarantee by our banking partner we had 2 selection processes, one by internauts and the other through traditional banking process. Theses 2 processes were divergent in criteria, timing and objectives and resulted in a very weak pipe channel.
– Althought diagnostic was clear, we took time to give up and convince all our stackholders and partner to stop.
For more details I recommend Nicolas’ blog post (original in french; english by Google translate)
French p2p lending service Prêt d’Union is very satisfied with the results of its first year’s operations, saying it funded a loan volume of 10 million Euro (approx 12.8M US$). Currently the loan volume is growing at approx. 2 million Euro per month.
In October Prêt d’Union raised the maximum loan amount from 19,500 to 30,000 Euro and introduced 2 year loan terms (adding to the existing 3, 4 and 5 year loans).
According to a study cited by Prêt d’Union 38% of the popluation in France have heard of p2p lending and when asked 20% said they would be willing to use a p2p lending service.
