Peer-to-peer lending giant Lending Club has managed to capture 80 percent of its market by issuing more than $10 million in personal loans per month to prime borrowers — all of this after just turning three years old.
In a press release issued by the lender, it noted how much peer lending has grown. It notes that now, both lenders and borrowers feel good about the process as well. Creditworthy borrowers are now able to request loans of up to $25,000 and lenders feel comfortable making investments of this magnitude. The company hopes to continue its growth and extend more loans to deserving borrowers (PR Newswire).
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