Tagged: debt

December 6, 2013 @ 10:51 am By Charles Luzar  |  

Lending Club is on a roll. The company has announced that they’ve faciliated over $3 billion in loans originated on their P2P lending platform since their launch in May of 2007. The site is on pace for over $2 billion worth of loan originations in… Read More

December 5, 2013 @ 10:04 am By Charles Luzar  |  

Using a service like LendingClub for the first time can be a big daunting. The peer-to-peer lending platform can offer interest rates lower than many credit cards for some borrowers. Having said that, where do you start? How hard is it to apply for and… Read More

November 18, 2013 @ 10:47 am By Charles Luzar  |  

LendAcademy publisher Peter Renton recently published two video primers on two of the largest P2P lending marketplaces in the world, those being Lending Club and Prosper. If you’re new to the world of P2P lending and want to get a sense of the basics quickly,… Read More

November 14, 2013 @ 12:40 pm By Charles Luzar  |  

In 1931, artist Haddon Sundblom created magazine ads for Coca‑Cola inspired by Clement Clark Moore’s 1822 poem ‘The night before Christmas’, featuring St Nicholas as a kind, jovial man in a red suit. However, up until then images of Santa Claus had varied throughout different regions and… Read More

November 14, 2013 @ 8:25 am By Charles Luzar  |  

RealtyShares has announced the public launch of their accredited-only real estate crowdfunding platform. The site joins a growing cadre of platforms active in the real estate niche including Prodigy Network, Realty Mogul, Fundrise and others. RealtyShares has been in beta, testing the market with five… Read More

November 13, 2013 @ 12:01 pm By Charles Luzar  |  

The Rolling Jubilee launched last year with hopes of buying and abolishing medical debt for pennies on the dollar. Born from the Occypy Wall Street movement, the organization generated $600,000 in funding through a telethon and variety show, as well as through donations collected through… Read More

November 13, 2013 @ 10:44 am By Charles Luzar  |  

The Kingom Trust Co., NowStreet and Prosper Marketplace are teaming on a webinar scheduled for 1 PM Eastern this afternoon. The focus of the webinar: P2P lending as a method of investing from tax-free retirement accounts. With high volatility and low interest rates driving retail… Read More

November 12, 2013 @ 12:25 pm By Charles Luzar  |  

The act of investing on P2P lending sites like Lending Club is generally a very active form of investing. You generally have to seek out notes that make sense for you, which can be time consuming. In a recent blog post entitled “Why I’m Transferring… Read More

November 3, 2013 @ 10:49 am By Charles Luzar  |  

British investment fund manager Nicola Horlick is planning to launch a lending-based crowdfunding portal in the UK market. Called Money&Co, the company aims to take on stalwart UK crowdfunding platforms like Crowdcube and Seedrs for a share of the growing crowdfinance market. Yes, Crowdcube and… Read More

October 20, 2013 @ 12:23 pm By Charles Luzar  |  

For the better part of a year we’ve been anticipating a report that was to be the product of a joint venture by thought leaders and researchers in the crowdfunding space, distributed and supported by The World Bank. That report, entitled “Crowdfunding’s Potential for the… Read More

October 17, 2013 @ 3:47 pm By Charles Luzar  |  

SoMoLend and the Ohio Division of Securities have been on a crash course since a notice of intent to issue a cease and desist was filed back in August of 2013. The hearing, originally scheduled for this week, has been postponed until January according to… Read More

August 4, 2013 @ 7:00 am By Ludwine Dekker  |  

It could fund your project, boost our companies, create jobs and maybe even save our entire economy: crowdfunding. Advertised as the go-to digital cash machine if the bank doesn’t get you the money you need, crowdfunding is well on its way to become a major… Read More

July 16, 2013 @ 12:23 pm By Charles Luzar  |  

UK-based peer-to-peer lending platform FundingKnight has closed a £1.5 million investment round at a £7.5 million valuation. The round was led by GLI Finance. FundingKnight curates borrowers on their platform and eliminates businesses they deem as too risky for lending. In doing so, the platform… Read More

July 6, 2013 @ 9:38 am By JD Alois  |  

The United Kingdom’s largest peer to peer lending site Zopa has announced they expect to be offering business loans soon.  Presently their platform is designed to support peer to peer personal consumer loans matching borrowers to investors. Zopa has been in business for over 8… Read More

June 10, 2013 @ 8:34 am By Charles Luzar  |  

Two of the principals from Montello Capital Partners have been working on an online peer-to-peer loan trading platform which is now in a soft-launch phase. The platform, called LendInvest, will allow investors to invest into new loans and will create an online market for completed… Read More

June 4, 2013 @ 8:29 am By JD Alois  |  

Dealstruck is a Lending Marketplace for Businesses Seeking Expansion Capital,  Crowdlending Platform which exclusively focuses on debt financing, Connects Profitable Businesses in Need of Capital With Accredited Investors. Sand Diego based Dealstruck has announced the launch of its crowdlending platform that connects growing, profitable small businesses… Read More

June 2, 2013 @ 11:17 am By The Economist  |  

FINANCE is seldom romantic. But the idea of peer-to-peer lending comes close. This is an industry that brings together individual savers and lenders on online platforms. Those that want to borrow are matched with those that want to lend. Banks and credit-card firms are kept… Read More

May 22, 2013 @ 10:14 pm By Techonomy  |  

When the JOBS Act was signed into law, its knotty crowdfunding provisions quickly became a source of consternation for the SEC. More than one year later, the law continues to languish, as the SEC moves slowly to implement its two most important provisions. One would enable general advertising for… Read More

May 11, 2013 @ 8:59 am By Korstiaan Zandvliet  |  

Crowdfunding is not only a solution for entrepreneurs who are looking for seed capital, but also for investors who want to control their portfolio and get some Return on Investment. With the prospect of equity-crowdfunding in the U.S. and the blooming equity crowdfunding market in… Read More

May 6, 2013 @ 8:23 am By Charles Luzar  |  

Google’s stake in Lending Club could signal future dominance of P2P and P2B lending in the crowdfunding space.