The conventional wisdom is hiding something: The P2P sector has hovered around $1.5B for nearly twenty years. Some contend the flat growth belies decreasing effectiveness. But there's more to the story.
The real story: A handful of once-dominant programs lost over $640M from their peaks, masking the fact that the rest of the sector just hit an all-time high of $1.46B. This isn't a flat sector — it's a sector that grew right through the losses.