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Top 6 Peer to Peer Lending Sites

Published by Salvador Briggman. Find him on Twitter.

1. Lending Club

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Lending Club was founded in 2007 and is the largest peer to peer (p2p) lending platform in the US. “Fueled by the value we deliver, Lending Club has consistently grown at more than 100% per year each of the last few years. Since inception, we have facilitated more than $5 billion in loans, while paying more than $300 million in interest to investors. ” Venture Funding: $392.2M (source)

2. Prosper

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Prosper is another US-Based peer-to-peer (p2p) lending platform in the US that was founded in 2006. Prosper is America’s first peer-to-peer lending marketplace, with more than 2 million members and over $1,000,000,000 in funded loans.” Venture Funding: $189.9M (source)

3. Funding Circle

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Funding Circle was first launched in the UK, but recently expanded into the U.S. and also recently raised an extra $65 million. “We’re now serving the millions of American small businesses who the banks have left behind. Since we were founded in 2010, we have lent $500 million globally to small business owners to help them grow their businesses.”Venture Funding: $123M (source)

4. Upstart

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I’m mentioning Upstart because they recently pivoted to being a peer-to-peer lending platform. Founded in 2012, they were originally in the business of allowing achievers to borrow money based on their estimated future income. “Upstart is a platform that allows you to obtain unsecured funding through fixed rate loans. Upstart believes that you are more than your credit score. Our statistical model considers the school you attended, your area of study, academic performance, and employment history to offer you the loan you’ve earned.” Funding: $7.7M (source)

5. Kiva

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Kiva was founded in 2005 and is a non-profit organization that helps encourage the flow of capital from well-off nations to low-income entrepreneurs and students in developing nations via peer-to-peer lending. The organization has attracted 1,209,782 Kiva Lenders and $591,226,225 in loans with a 98.87% repayment rate.

6. Zopa

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Zopa is the oldest and largest UK peer-to-peer lending platform that was founded in 2005. “We have lent £581 million and helped both borrowers and lenders get great rates. We’ve repeatedly been voted the most trusted and best loan provider by our customers.” Funding: $56.6M (source)


Who did I leave out? Let me know in a comment below or if you think they should be in a different order. I’d also be interested to hear if you have used any of these websites as a borrow or lender.

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  • Brittany Zick

    This gives me a few ideas on where to go if I ever open up a small business for my art. Thanks!

    • CrowdCrux

      Definitely! It’s a growing alternative to traditional bank loans.

  • It’s great to see more peer to peer groups coming up. Here in Milwaukee, WI (USA) we have a group called Fund Milwaukee that is made up of local investors who help fund local start up businesses. http://fundmilwaukee.com/



    Twitter handle: @salvagedstudio

    • CrowdCrux

      Interesting. Thanks for sharing!

  • As an investor, I use lendingclub and prosper. Lendingclub is definitely doing a better job in terms of marketing although Prosper had a head start. At any given time there are several hundred loans to choose from on LendingClub while prosper will have less than 100. Only complaint I have about lendingclub right now is that the Annual interest rate I’m receiving does not seem to be what I would expect it to be.

    I did a side by side comparison on my website: http://poyserdk.com/lending-club-vs-prosper

    I’m going to consider investing with some other crowdfunding sites ti have my funds diversified. LendingClub will be going public soon so I’m curious to see how this will affect the way they do business. They are also going to look at doing mortgages and vehicle loans.


    • CrowdCrux

      Thanks for sharing your thoughts. Yea, I’m also curious to see how going public will change their business. Will check out your link.

      • I used the content for an ebook so i had to temporarily deactivate the link, sorry. Great write up!

    • johnsonagbala


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  • I wish some people would even notice my KickStarter, we’ve a really secure communications platform in build, but without the funding we’re just going to have disband everything. It’s almost our last hope.. https://www.kickstarter.com/projects/823681108/wise-chatter

  • Johnny Tong

    A new platform is now in business, 321Lend, Inc. http://www.321Lend.com

    • CrowdCrux

      Interesting. Thanks for sharing 🙂

  • Thi

    As LendingClub prepares to take the company public, we at EquityZen have been thinking about the company’s remarkable growth — and how it’s become the largest P2P lending platform in the world. We created a helpful infographic that tracks LendingClub’s growth and decomposes the capitalization table: https://equityzen.com/blog/lending-club-path-to-ipo/

    Please let us know if you have any thoughts.

    • CrowdCrux

      Thanks for the link. It’s crazy how exponential their growth has become.

  • Melissa Grate

    I can’t seem to find a peer to peer lender that will approve me with my credit score being 620…any suggestions?

    • Melissa, most of the halfway decent sites require a minimum of about 660. Best bet is to raise your credit score first then revisit peer to peer lending. Even at the minimum credit score you are looking at substantially high interest rates 20% or more

      • P2P lending is still too heavily dependent on credit score, and rebuilding personal credit takes months / usually years. Sad that these P2P platforms claiming to serve small businesses actually do exactly what their bankster friends do – base the decision on the personal credit of the owner. To a business time is money, and if your credit sucks, dont waste your time. If your credit is decent enough to be accepted with a Prosper, just get a credit card.

    • Dr. No

      The strange thing for me is I thought NOT having a credit card would drive my credit score up. It was the opposite. Opening a few credit card accounts and using them for my daily food, gas, etc (as opposed to a debit card), then paying off the balance every month, drove my credit score up. Creditkarma had some great tips for me. Good luck to you, Melissa.

  • Desny Kimberley

    Are you in need of financial help? My company is a registered financial company. we give out loan to any interested person or company at 3% interest rate from the range of $2,000 to $10,000,000. If you are in need of financial assistant, do contact us now via email for more details. Email: desnykim1@hotmail.com


    Amount needed:
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  • Berg Votava

    Zatem Financial Service, is a Private Lending firm that provides funding for commercial real estate projects requiring financing for acquisitions, refinancing, development, etc. Utilizing our existing lender relationships, increasing new relationships, commercial mortgages knowledge and commercial real estate investor experience we leverage our competency to help our clients achieve the financing essential to fulfilling their funding request. The capital sourced pertain to both debt and equity applicable to various ZFS asset classes inclusive of multifamily, retail, industrial, office and hotel. We are able to facilitate your equity raises and debt placement and are currently very active in the commercial real estate private equity and debt space.

    Kind Regards,
    Zatem Financial Service
    (956) 513-0033
    Mission, Texas

    • CrowdCrux

      Thanks for sharing 🙂

  • Mark Woods

    Alliance Private Loan is the premier real estate investor funding resources. Alliance Private Loan lends to real estate investors across the nation. Whether it’s to purchase or refinance an investment property, we take a common sense approach to lending to give real estate investors the best return.
    Kind Regards,

    Alliance Private Loans Inc.
    North Pinckney, Madison

  • hi guys looking for a favor. please take a look and share on fb. you dont need to do anything but id appreciate it. http://www.gofundme.com/deepsea

  • I’ve just started dabbling in Peer to peer lending sites. I’ve invested some cash into Lending Club.


    • CrowdCrux

      Thanks for sharing 🙂

  • Lendbox

    Nice Post to have come across, Recently India has also witnessed a huge interest on the p2p lending platform. One of the much recent and most looked up platform is http://www.Lendbox.in

  • Rupaiya Exchange

    There is the huge growth in peer to peer lending credit marketplace. One of the new platform which is growing with an astonishing pace provides hassle free online processing and borrowers a benefit of deciding their own terms such as rate of interest etc. is http://www.rupaiyaexchange.com

  • Mayank Singhal

    Great Blog! In India, There is a upcoming boom in peer to peer lending. This marketplace is growing with a tremendous speed. One of the widest p2p lending platform in India is http://www.rupaiyaexchange.com

  • tmorro

    I don’t see a link to become an investor…..

  • cammie

    With the passing of the Jobs Act, peer to peer lending is gaining momentum.Here investors receive their money back with interest and I want to add one more name in the list and it is CROWDFUND.

  • Dr. No

    Banks must hate these sites.

  • Bernarlyn Villamor

    I work under San Isidro Multi Co operation Loan Lending Company, we render Individuals & Companies in need of loan to Grow Business Enterprise or Settle Debt .Write back to us if you have not yet received your loan we can help. For more info,write directly to us or visit our website.

    Email: mrssandrathomson.es@hotmail.co.uk

    I await your prompt response, I will be glad to assist you…

    San Isidro multi co operation

  • Hey, you left out Loankuber.com. But these guys are also similar to the ones in the list. I believe they already have closed their Series A.

  • Global P2P Lending

    The independent social network to share and discuss about alternative finance including crowdfunding, P2P lending and bitcoin https://www.globalp2plending.com/en/

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