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In the past we have talked about what peer-to-peer lending is. Now I’d like to give you an idea of how fast this industry is growing.

In 2013, the Economist reported that Lending Club and Prosper (two of the largest P2P platforms in the U.S) had 98% market share. These two platforms issued $2.4 billion in loans that year – quite a leap from $871 million in 2012.

This growth hasn’t slowed down much either. In 2014, P2P lending platforms in the U.S issued approximately $5.5 billion in loans!

Read the article here: http://www.crowdcrux.com/p2p-lending-st ... y-leaders/