LendingRobot, an online automated investment tool helping investors manage their portfolio of assets from Lending Club, Funding Circle and Prosper, has launched a new mobile application. The Seattle based company states there have been over $6 billion in loans and yet not a dedicated mobile App.
“Frankly, it is baffling that no one has created a ‘Mint’ for this industry,” said Emmanuel Marot, founder and CEO of LendingRobot. “The fact that more than 20% of LendingRobot’s traffic is via mobile is, in itself, a great reason to have a mobile app. But the fact that not a single one of the major peer lending platforms offers a mobile app leaves a lot of room for LendingRobot to not only meet the needs of our customers, but to also become a daily part of any investors monitoring of their own.”
LendingRobot is a robo-advisor for peer lending, and automatically invests customers’ money across hundreds or thousands of different loans, reinvesting returns as they come in, and constantly readjusting the portfolio based on the loans available.