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Peer-to-Peer Lending Platforms in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Peer-to-Peer Lending Platforms Market Research Report | Advisory & Financial Services | Alternative Financing | Dec 2013

Hey there, stranger: lending has proven to be lucrative, but regulations threaten industry profitability

IBISWorld’s Peer-to-Peer Lending Platforms market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Lending Club Lending Club market share
Prosper.com Prosper.com market share
Industry Statistics & Market Size
Revenue
$162m
Annual Growth 08-13
176.6%
Annual Growth 13-18
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Profit
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Employment
1,200
Businesses
54
Industry Analysis & Industry Trends

The Peer-to-Peer Lending Platforms industry is a new, fast-growing industry that has experienced rapid growth in terms of revenue and enterprises over the past five years. However, regulations from the Securities and Exchange Commission have added some turbulence and uncertainty to the industry. Going forward, profit is expected to rise, but the industry will continue to be characterized by increased regulation and competition.

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Industry Report - Industry Locations Chapter

Peer-to-Peer (P2P) Lending Platforms are the darling of the tech industry, and as such, the West is home to the highest concentration of industry establishments. P2P businesses are clustered in San Francisco. California alone accounts for 34.8% of industry revenue due to the prevalence of technology companies in Silicon Valley, which is south of San Francisco. Additionally, successful software-based companies recruit highly talented graduates of the nation's best schools. With institutions such as the California Institute of Technology, the University of California Berkeley and Stanford University, the state of California is a highly attractive place for technology firms. The industry's two largest players, Lending Club and Prosper, are based in San Francisco... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Peer-to-Peer Lending Platforms Industry?

Companies in this industry provide peer-to-peer lending, which occurs directly between individuals without the intermediation of a traditional financial institution. Peer-to-peer lending is a type of crowdfunding, which is the collective effort of individuals to pool their money to support the efforts of others. Crowdfunded fundraising, in which collective money supports others with financial donations and without planned repayment or accrued interest, is not part of this industry.

Industry Products
Origination feesServicing feesInterest income
 
Industry Activities
Loan brokeringFinancial advising


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