This is just a taste of what’s in store for online lending. Just this last year alone was the biggest ever for the industry as 2014 loans total more than $8.6 billion. This success is not solely limited to frontrunners like Prosper and LendingClub, though combined they are responsible for more than $8.5 billion in consumer loans.

There are other platforms also enjoying great success offering online loans for real estate, small business, and education. Together, these platforms have originated more than half a million in loans and are backed by investors like Blackrock, Sequoia Capital, T. Rowe Price, Google GOOGL +1.56%, and Kleiner Perkins with more than $1.3 billion in Venture Capital.

Additionally, 2014 marked another first for the online lending industry when SoFi, a leader in online student loans, became the first online lender to publically securitize its loans. SoFi securitized around $152 million in loans rated by Canada’s DBRS as Single-A. OnDeck, as they recently did with their IPO, quickly followed suit and publically securitized $175 million worth of BBB (Class A) and BB (Class B) rated fixed rate notes. Together, they bring the total amount of online lending loan securitizations to over $1.2 billion.