Peter in an article over at SocialLendingNet has collected some interesting statements showing that Lending Club is close to be able reaching break even on cash flow terms.
Renauld Laplanche told him, that Lending Club has topped 1 million US$ monthly revenue and could thereby cover it’s operating expenses, if investments in the future (technology, marketing) are disregarded.
Lending Club is the second major p2p lending service after Zopa to approach break even.
Lending Club is still a long way from making profit as it has a long way to go to redeem the money invested in the platform over the past years. But the growing volume and the ability to cover expenses a very good signs that p2p lending services can scale to profitability.
