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