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I looked into them a few years ago.
I felt far more at home with fundingcircle which invests in business growth rather then person loans to individuals.
There research was pretty robust and they had a risk grading too. That said no one had a default as yet. Not sure if that is still the case.
The industry has grown massively since then.
I decided to investment in the stock market instead. It was just too new with no track record.
Anyone looking at the IFISAs they've got now? I had to write a piece about one of the P2P lenders for work and it piqued my interest.