In this paper, the first in our Trends in Marketplace Lending series, we pause to look at the brief history of marketplace lending and the current state of this rapidly evolving market before offering an overview of some key industry trends and topics. Our goal is to give those who are new to the industry a point of reference and a place to begin researching. Subsequent papers will delve deeper and present the insights and opinions of industry leaders about these important issues, the direction of the industry, and their vision for its future.