People-to-People Lending Redux

We did a feature back in March 2006 about Prosper.com. The first year results are in - suggesting that Prosper.com's revenues for 2006 were in the range of $300,000 - based upon a 1 per cent origination fee charged on almost $30 million of loans originated.

Obviously, they'll need to grow that revenue number by a couple of orders of magnitude for this person-to-person lending business to be considered economically viable.


via PaymentsNews