Tagged: debt

February 8, 2014 @ 1:40 pm By Charles Luzar  |  

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

February 7, 2014 @ 9:54 am By Charles Luzar  |  

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

February 3, 2014 @ 12:01 pm By Charles Luzar  |  

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

February 3, 2014 @ 3:30 am By Charles Luzar  |  

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

February 2, 2014 @ 12:14 pm By Charles Luzar  |  

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

February 1, 2014 @ 7:23 am By Charles Luzar  |  

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

January 22, 2014 @ 9:34 am By Charles Luzar  |  

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

January 21, 2014 @ 11:48 am By Charles Luzar  |  

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

January 13, 2014 @ 10:40 am By Charles Luzar  |  

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

January 10, 2014 @ 11:39 am By Charles Luzar  |  

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

January 10, 2014 @ 11:15 am By Charles Luzar  |  

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

December 31, 2013 @ 5:59 pm By Charles Luzar  |  

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

December 26, 2013 @ 10:00 am By Charles Luzar  |  

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

December 24, 2013 @ 11:34 am By Charles Luzar  |  

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

December 21, 2013 @ 1:48 pm By Charles Luzar  |  

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

December 18, 2013 @ 10:51 am By Charles Luzar  |  

The demand for investment opportunities on Lending Club may be outpacing the supply. Consider that some of the best loans on Lending Club are funded within 30 seconds of hitting the platform. It takes an extremely active lender to find and fund the best deals. However,… Read More

December 18, 2013 @ 10:16 am By Charles Luzar  |  

Market research firm IBISWorld has released a report on the P2P lending industry and there is – as expected – some pretty staggering growth in the space. The breakdown comes via 54 companies the firm tracks as being active in P2P lending. Since 2008, revenues have… Read More

December 13, 2013 @ 10:56 am By Charles Luzar  |  

Microsoft co-founder Paul Allen’s venture capital firm Vulcan Capital has invested $125 million into Freedom Financial Network, a debt consolidation firm with aspirations to enter the P2P lending space. Freedom Financial Network’s core business revolves around “programs and solutions that cover everything from helping families decide on… Read More

December 10, 2013 @ 10:22 am By Charles Luzar  |  

A new P2P lending platform is getting ready to go live, and for individuals and businesses seeking a loan they are free to sign up now. The platform is called Daric. Daric’s goal is simple. The business model itself is not unlike existing platforms like… Read More

December 9, 2013 @ 9:03 am By Charles Luzar  |  

Alex Feldman at Crowdsunite took to Crunchbase to seek out venture capitalists and angel investors that had invested in crowdfunding companies. The main takeaway: P2P lending and debt-based crowdfunding plays have been dominant in terms of garnering investment from private equity firms, venture capitalists and… Read More