Looking at February's Compete data, estimated traffic (see comment 3) at the three major U.S. person-to-person lenders grew by approximately 100,000 unique users compared to January, a 16% gain. Prosper still dominates the category with nearly 10 times as many unique visitors as its nearest rival, Lending Club.
Update: In terms of funded loans, Prosper had double the volume of Lending Club in February: $6.0 million vs. $2.9 million. In January, the volume was $7.2 million vs. $2.8 million.
Lender | Launch | Feb. 2008 | Jan. 2008 | Mo. Growth | % Growth | Feb. 2007 |
Prosper | Feb '06 | 650,000 | 570,000 | +80,000 | 14% | 650,000 |
Lending Club | May '07 | 70,000 | 50,000 | +20,000 | 40% | * |
Zopa.com | Dec '07 | 16,000 | 14,000 | +2,000 | 14% | * |
Total | 740,000 | 630,000 | +100,000 | 16% | 650,000 |
Source: Compete.com, estimated unique site visitors during Feb. 2008 *Not launched