Comments on: Roundup of Social Lending News – January 21, 2012

By: Peter Renton

Peter Renton — Mon, 23 Jan 2012 04:51:39 +0000

@Dan, I am planning on writing a post on Zopa next month and I will see if I can get to the bottom of those claims then.

By: Dan B

Dan B — Mon, 23 Jan 2012 04:35:35 +0000

Yeah that can’t be right. Unless they mean 2% of the unsecured non-revolving personal loans market. That might be possible.

By: Peter Renton

Peter Renton — Sun, 22 Jan 2012 03:55:56 +0000

@Dan, I have seen that 2% number bandied around a bit the last few months. I have no idea where they get that from, but I know that Zopa’s numbers are well below Lending Club. By my estimates they are doing somewhere around £10 million in new loans per month, so if that is 2% of the personal loan market then it is certainly a very small market when compared to the U.S.

By: Dan B

Dan B — Sat, 21 Jan 2012 23:59:09 +0000

Zopa now has 2% of the UK loan market? I wonder what’s included in the category for them to arrive at the 2%. Seems like a rather large number all things considered.