Tagged: debt

Lend Academy’s Peter Renton To Launch Managed Fund For P2P Loans

Peter Renton has been informing the world about the peer-to-peer lending space for some time now. Lend Academy is a great source of deep information on P2P lending and stalwart platforms like Lending Club and Prosper. Renton is now taking his place in the space to the… Read More

FCA Publishes Final Rules For Crowdfunding In UK

They’re here. The Financial Conduct Authority (FCA) has published rules governing equity and lending-based crowdfunding in the UK. They are set to take effect on April 1 with a review scheduled for 2016. Christopher Woolard, director of policy, risk and research at the FCA, said, ”We… Read More

Barry James: Breaking The Missing Link Could Kill 20,000 New Jobs in 2014

Tens of thousands of new UK jobs and many millions in new investment are riding on UK regulators’ ability to come to grips with a changing economy. With regulators in the US and around the world increasingly coordinating their activities, deadlines and announcements, the implications… Read More

Propellr Launches, Hopes To Break Down Barriers To High-Quality Alternative Assets

Propellr has announced the launch of their platform specializing in alternative assets,  help accredited investors access institution-level opportunities previously reserved for the wealthiest of Americans or those “in the know.” We’re taking the kind of private placement deals usually found in hedge funds and making… Read More

Abundance Generation Claims Green Crowdfunding Record With Latest Raise

Abundance Generation is claiming a record for a crowdfunding campaign in the green energy space after a recent project raised £214,000 in just four days according to BusinessGreen. Renewable Energy Generation launched the project, dubbed REG High Down. The wind installation comprised of a single… Read More

Lending Club’s New Stat Charts For Investors Carry Big P2P Lending Lesson

Lending Club has announced the addition of two new statistical charts aimed at helping their investors understand trends in returns. Notably, both charts seem to actively encourage investors on Lending Club to have at least 100 notes in their portfolio for the purposes of diversification…. Read More

Why RealtyShares Is Accepting Bitcoin In Real Estate Crowdfunding Deals

RealtyShares only emerged from beta recently, in November of 2013 to be precise. Now the hybrid real estate crowdfunding platform has announced a new platform feature that will allow investors to use Bitcoin to invest in real estate deals. Why? It all boils down to… Read More

Brief: Lending Club, Prosper Combine For $325 Million In New Loans In January

The US-based peer-to-peer lending space is off to a blistering start in 2014. January saw over $325 million in loan origination for Lending Club and Prosper. Lending Club accounted for over a quarter-billion in loans alone, up from $100 million in new loans in January… Read More

What’s In Store For Lending Club In 2014: An Interview With Renaud Laplanche

In the ever-growing crowdfunding community, peer lending reigns supreme. A TD Economics report we covered last week estimates the size of the global crowdfunding industry at somewhere between $3 and $5 billion in 2013. Of the sites responsible for this emergent shift in capital access,… Read More

P2P Lending Trackers Nickel Steamroller, Prosper Stats Merge

Nickel Steamroller (NSR) has long been a popular tracker for statistics on Lending Club loans. The site is now broadening their reach with the launch of NSR 2.0, which includes the integration of data on Prosper Loans. Those seeking information on Lending Club and Prosper… Read More

UK Peer Lending Platform Zopa Raises £15M

London-based peer lending platform Zopa has closed a £15 million funding round led by Arrowgrass Capital Partners. Augmentum Capital, Wellington Partners and Balderton Capital also took a stake. As part of the deal, Arrowgrass CEO Henry Kenner will receive a seat on the board. Zopa… Read More

Wells Fargo To Employees: No Peer-To-Peer Loans

Wells Fargo has told its employees to scale back and eventually cease their participation on for-profit peer-to-peer lending platforms like Lending Club and Prosper. The banking behemoth’s “ethics administrators” cite a conflict of interest, pointing out that peer-to-peer lending is a competitive practice. The San… Read More

Brief: Peer-to-Business Lending In Ireland Expected To Surge

Zopa is the UK’s largest peer-to-peer lending service, and one of the company’s co-founders has made a pretty amazing prediction about the size of the peer-to-business lending market in Ireland. In an interview with The Irish Times, Simon Deane-Johns predicted that peer-to-business lending throughput in… Read More

Hybrid, Accredited-Only Crowdfunding Platform “Breakaway Funding” Launches Next Week

A new crowdfunding platform called Breakaway Funding launches next Tuesday. It aims to provide both equity-based and debt-based crowdfunding models for companies seeking to access the crowd’s capital. In order to take advantage of a new and ample source of business capital made available by the… Read More

CircleBack Lending Closes $1.9 Million Round, Adds To Management Team

Peer-to-peer lending platform CircleBack Lending has closed a $1.9 million equity funding round. Led by GETCO LLC founders Daniel Tierney and Stephen Schuler, the round will help CircleBack to prepare for nationwide expansion. GETCO is an electronic securities trading firm that merged with Knight Capital Group earlier… Read More

Peer-To-Peer Lending Heating Up Early In 2014

The peer-to-peer lending space is rife with news and new high-quality market entrants to kick off the new year. It’s part of the reason why I predicted that 2014 is the year that P2P lending goes mainstream. (One could make an argument that it already has,… Read More

Coastal Shows Announces Crowdfund Global Expo Agenda Featuring Industry Heavy Hitters

Crowdfund Global Expo Features Leading Experts in Debt, Equity and Real Estate Crowdfinance for In-depth Education on the Opportunities and Risks of New Financial Regulations Coastal Shows, the organizer for the Crowdfund Global Expo, taking place at the San Diego Convention Center January 30-31, 2014, has… Read More

WATCH: Lending Club Chief People Officer Angela Loeffler Shares Hiring Advice

MTVu recently posted a short video interview with Lending Club Chief People Officer Angela Loeffler in which she shares some tips on hiring. She also gives some insight into the company culture at Lending Club, including the story of her interview in which Chief Financial… Read More

Rumored: Lending Club, Google Discussing Low-Interest Loans For Employees

According to a recent article in AllThingsD, Lending Club and Google are rumored to be in discussions about making use of Google’s cash reserves to offer low-interest loans to Google Employees. Lending Club would facilitate the loans. The idea is that the ability to refinance… Read More

Abundance Generation Taps CCgroup For Cleantech Crowdfunding PR

UK-based renewable energy crowdfunding platform Abundance Generation has announced a partnership with CCgroup. CCgroup is a UK-based PR agency with an embedded cleantech department. That department has reportedly been briefed on Abundance Generation’s model and will help in publicizing investment opportunities on the platform. CCgroup… Read More

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