Tagged: lending

January 2, 2014 @ 10:04 am By Charles Luzar  |  

What caused the financial crisis of 2008? Many would argue that bad loans made to unworthy borrowers were at the core of the entire downturn. For First Principles Capital Management CEO and co-founder Doug Dachille, the current trajectory of the peer-to-peer lending market bears a striking… 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

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 26, 2013 @ 10:22 am By Charles Luzar  |  

The University of California, Berkeley, Nesta and the University of Cambridge have teamed up and plan to execute a benchmarking survey to capture the size, transaction volume and growth of the alternative finance market in the UK. The team behind the upcoming report is asking… 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 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 11, 2013 @ 11:05 am By Charles Luzar  |  

Lending-based platform Funding Circle recently shared a breakdown of statistics from October. Among revelations in the post: £12.5 million loaned to UK businesses last month alone. Over £3 million was lent to businesses across the UK last week, contributing to a total of £12.5 million… 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 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

October 4, 2013 @ 10:46 am By Charles Luzar  |  

The FCA takes responsibility for regulating consumer credit markets starting in April of 2014. This responsibility includes the peer-to-peer lending space. The FCA has announced plans to release guidance on lending-based crowdfunding and regulatory compliance later this month. In a recent release, the FCA detailed… Read More