For online lenders, it’s suddenly touch-and-go

A year ago, privately held online lenders like Prosper, SoFi, and Avant looked all but certain to go public at the same, if not higher, than the unicorn valuations than their venture investors have assigned them. The market they are chasing is enormous: The U.S. consumer lending market is a $3.5 trillion business, and 22 of the largest online marketplace platforms originated just more than… Read More...