The 'Volume over time' graph clearly shows some 'slowing' of loan volume. Last week (10/06 - 17/06) there were only 124 loans - at 18% that's only 22 loans for the week, at 25% that's only 31 loans for the week. (about what I think went through)
The key question, I think, is what is currently impacting loan volume?
I've noticed a few more Harmoney ads on TV, but I don't watch much TV - so I'm guessing they are trying to increase that number...
I don't monitor Lending Crowd loans, but receive the emails, my 'gut' feel is that they have been offering less loans in recent times?
Perhaps a threshold has been reached of people converting from Credit Card to P2P, or perhaps it's just a very slow market at the moment?
I personally don't think Harmoney are out to crush the retail P2P lenders - it is a huge marketing bonus to sell the idea of Kiwi's lending directly to Kiwi's and 'sticking it' to the banks.