Well, they're past $6M and October isn't even over yet. It looks like their month-to-month growth is starting to exceed Prosper's total for the month. If they can achieve exponential growth at this rate, they'll have a shot at getting to $20M within a year. Even if this was a fluke and growth slows down, they have enough of a growth track that another round of VC capital will likely be quite doable and they'll get additional time to reach profitability. They seem to be gunning sufficiently far ahead of Prosper that they may get it's former quasi-monopoly leadership advantage of being the company that gets identified with the concept.
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Topic: Lending Club Originates $4.3 Million in Loans in August, Prosper.com $905,000 (Read 5858 times)