LendingRobot has been acquired by Lime Financial. According to an email, Lime Financial is now the majority owner of the company. Details of the transaction were not provided. LendingRobot was previously part of Lend Academy Investments, LLC dba NSR Invest. Lend Academy also operates the… Read More
Peter Renton, founder of LendIt and online lending industry advocate, has take to the pages of Lend Academy to defend Lending Club (NYSE:LC) following a critical article by BloombergBusinessweek. The Bloomberg article, co-authored by Max Chafkin and Noah Buhayar, hammered Lending Club by questioning the… Read More
On Monday, Lend Academy and Emerald Asset Management announced they have formed a strategic partnership to develop an investment management business to be focused on opportunities in the marketplace lending industry. Sharing details about the partnership, Emerald chairman and CEO, Joseph E. Besecker, explained: “We believe that… Read More
Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More
“I think Fintech, particularly as it applies to lending, has the capacity to completely transform how consumers and small business use credit. The best platforms are true innovators, underwriting consumers and small businesses in new ways using data that was simply unavailable ten or… Read More
Cloud Lending Solutions, a global cloud infrastructure company, announced on Tuesday the launch of CL Multi-Country Extension, a lending technology platform to support global operations. With CL Multi-Country Extension, marketplace lenders can manage all operations from a single system, including bank integrations, funds movement and… Read More
The Cambridge Centre for Alternative Finance at Cambridge Judge Business School and the Polsky Center for Entrepreneurship and Innovation at Chicago Booth School of Business are jointly launching the 2015 Americas Alternative Finance Benchmarking Survey. This survey will be the first comprehensive and empirical assessment… Read More
There were over one hundred submissions for the RFI by the US Department of Treasury on Marketplace / Peer to Peer Lending. As one would expect, most commenters came with either an ax to grind or an urgent message to deliver. In reading many (not… Read More
Direct Lending Investments LLC, a marketplace lending and investment firm, today announced that Bryce Mason will join the company as Chief Investment Officer. Direct Lending Investments is a marketplace lending and private investment firm that makes short-term, high-yield small business loans available in fund form to… Read More
On April 7, 2015, P2P industry pioneers: Lend Academy Investments and Nickel Steamroller announced that they had a completed a merger that resulted in the creation NSR Invest, a new P2P analytics and investment platform designed to support the distinct needs of financial advisors their retail… Read More
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
Lend Academy’s Peter Renton shared stats from Lending Club and Prosper for the month of November. It should be no surprise that Lending Club continues to grow, issuing $280 million in new loans in the month of November. They issued just short of $100 million… Read More
Lend Academy, a resource for the P2P lending industry, and NowSteet Media, producer of financial events that highlight Wall Street transformations, are pleased to announce LendIt, the first global conference for the burgeoning P2P and online lending industry. Lend Academy, the preeminent resource for the… Read More
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