Growth of Investor Numbers on P2P Lending Marketplaces

Today I take a look at the recent development of investor numbers on several p2p lending marketplaces. I chart relative numbers with the index set to 100 for June 1st, 2018. The advantage of using indexed numbers for this comparison is that platforms use very different definitions for their investor base size. Some count registered investors, some count investors with deposits, some count active investors, some count recently active investors, … .

The disadvantage of showing indexed numbers for growth is that it gives smaller, younger an advantage as their percentage increase of investor base is likely still higher because they come from smaller absolut numbers. An example for this effect is Peerberry where percentage growth of investors is rapid, but the absolute number as of Sep, 1st has reached only 2468 investors as it is a very young marketplace.

P2P Lending Investor Statistic
Indexed investor numbers (with June 1st, 2018 = 100). Peerberry exceeds the choosen display scale – value for Apr. is 66 and value for Sep. is 183
Reading example: On Sep 1st the index value for Mintos was 123, meaning Mintos had 23% more investors than on Jun. 1st

Growth of Investor Numbers on P2P Lending Platforms

Today I take a look at how investor numbers are developing at several platforms. I chart relative numbers with the index set to 100 for October 1st, 2017. The advantage of using indexed numbers for this comparison is that platforms use very different definitions for their investor base size. Some count registered investors, some count investors with deposits, some count active investors, some count recently active investors, … .

The disadvantage of showing indexed numbers for growth is that it gives smaller, younger an advantage as their percentage increase of investor base is likely still higher because they come from smaller absolut numbers.

Investor numbers by P2P-Banking
Indexed investor numbers (with Oct 1st, 2017 = 100).
Reading example: On Dec 1st the index value for Mintos was 117, meaning Mintos had 17% more investors than on Oct. 1st

Lending Club has New Graphic Statistics Page

Lending Club has a new graphic displays on it’s statistic page. Prominently featured are loan purpose, range of investor returns and total loans funded. Users can click on any graphic to enlage it. I found the ‘Loan details’ page more interesting then the ‘Highlights’ page, for it visualizes differences in trends depending on loan purpose.

Signup Bonus

New lenders signing up at Lending Club via this link get 25 US$ to lend.

Which sites do offer p2p lending statistics?

When analysing numbers on p2p lending activity, users can rely on independent third party sites gathering statistics for many p2p lending services. These services either obtain the raw data via an interface provided by the service or they do parse the web pages of the service to collect the data.

Most of the statistic sites offer reports and tools to analyse and graph the overall development of the marketplace as well as the status of an individual lender’s investments.

The majority of the users are lenders, as the borrower usually needs the information only once – before applying for a loan – to determine what interest rate is appropriate.

Tools for Prosper:

Tools for Lending Club:

Tools for MyC4:

Tools for Zopa UK:

Tools for Smava:

Tools for Auxmoney:

Tools for Boober NL:

Feel free to copy this list, but please do set a link citing this page as source. If you know another social lending / p2p lending stats site, please let me know.

Long term readers may remember that the Wiseclerk.com domain initially started as a report site on Prosper.com. It was in fact together with Savagenumber.com the first service of this kind.

(Photo credit: ArtemFinland)

Zopa loan volume

As there is no Zopa loan statistics site, it is not possible to track the Zopa growth daily. You have to wait for the instances where Zopa announces milestones.

Today Zopa – in an announcement to celebrate it's third birthday, said:

Since we launched in March 2005, £20 million in unsecured personal loans have been arranged at Zopa in the UK. More recently growth has been boosted by the global credit crunch which is driving unprecedented demand for P2P personal loans as banks become less competitive and tighten their lending criteria. All of this has also pushed up returns to Zopa lenders to an all time high.

At the current exchange rate that is approx. 40 million US$.

 

Lending Club hits 10 million US$ loan volume

P2P Lending service Lendingclub.com, which launched last May, today surpasses 10 million US$ in loans. While the total amount is still much lower then the loan volume of competitor Prosper.com (currently over 120 million US$ loan volume) the growth acceleration of Lendingclub is really impressive.

Rob Garcia, Director Web production at Lending Club, told P2P-Banking.com:

This milestone confirms the validity of our approach to person-to-person lending, but more importantly, our value proposition to our borrowers and lenders.  Borrowers are realizing 20-30% better rates than going through the banks, while our lenders enjoy 12% average returns.  We are working to take this concept to a larger audience, so $10M is just a mile marker in our marathon.

The growth can be seen in this chart. For Prosper loan volume compare chart on this page. So basically in February Lending Club has originiated close to the amount Prosper did, when taking into account only those loans that would fit the minimum criteria of Lending Club's 640 FICO score and <30% DTI.

The statistic information at Lendingclub.com shows that over 1200 loans have been issued. So far few loans are late, but since most of the loans are very young, it is to early to tell which level of defaults will have to be expected. The statistic page also shows that Lendingclub declined over 80 million US$ in loan applications.

If you sign up via this link, you get a 25 US$ bonus by Lending Club (and I am paid a referral fee).

Zopa demand figures

Lenders at Zopa do not (yet) select an individual borrower but rather select a market and a rate at which they want to lend their money. This is matched to borrower demand and if a match is found, money is lend out.

There is a 3rd party site tracking the development of the Zopa demand volume and charting it (daily, weekly, monthly, yearly). Recently the amount requested has gone down in most markets.

 

(Source)

New signature tool with prosper data available

Yesterday the new lender signatures were introduced by wiseclerk.com. Based on an idea from  nonattender this new tool allows to transform key lender stats figures into an image, which can be used in a posters signature at the prosper forum.

Example of the image (size decreased, original is larger):

wiseclerk prosper lender stats image example

The image shows the amount invested, the current number of loans, the roles and, if the lender is in the top 500 the rank by money invested.

Once created the images will update daily automatically.

The discussion thread on this new tool was a hot topic. After several suggestions, a couple of hours later a further signature tool, this time for the borrowers was offered.

Example of borrower signature (size decreased, original is larger):

Wiseclerk prosper borrower signature image

We will see how this further develops.