Tagged: p2p lending

December 3, 2014 @ 2:30 pm By Erin Hobey  |  

After reading Orchard Platform’s Bill Ullman elegantly deliberated “Is Fin-Tech History Rhyming Again?” on the platform’s blog last week and prepared for Thanksgiving, I wondered how the early days of online trading revisit fintech and crowdfunding disruption innovation.  While prepping for last week’s feast, I… Read More

November 19, 2014 @ 11:24 am By Erin Hobey  |  

Lending Club, the world’s largest online marketplace connecting borrowers and investors, today launched a new “SuperPrime” loan product offering that expands the options available to borrowers with the highest credit quality.This new product line provides a two-year AA term loan for $10,000 or less (with… Read More

November 14, 2014 @ 9:08 am By Erin Hobey  |  

Dr. Mia Gray opines about the recent Nesta and University of Cambridge report.   To recap, Nesta, a UK based innovation charity and staunch proponent of entrepreneurship and creativity, recently published an update on the alternative finance industry in the United Kingdom.  Crowdfund Insider JD Alois explains, “The report notes… Read More

October 24, 2014 @ 2:41 pm By Erin Hobey  |  

LendInvest, the world’s largest peer-to-peer marketplace for real estate mortgages has released an interactive Buy-to-Let Index for UK property. According to LendInvest, the LendInvest Buy-To-Let Index will be published monthly with a report featuring Buy-To-Let (BTL) performance indicators, rental demands, Buy-To-Let industry news and information on… Read More

October 24, 2014 @ 7:48 am By Erin Hobey  |  

New Bond Facilitates Developing World’s Students’ Financial Access to Higher Education Prodigy Finance, the leader in international student lending, announced the launch of a $25 million Education Note in partnership with the Credit Suisse Impact Investing and Microfinance team, led by Patrick Elmer, Philanthropy Services & Responsible… Read More

October 23, 2014 @ 12:41 pm By Erin Hobey  |  

Prime Meridian Capital Management, specializing in online peer-to-peer (P2P) lending, launched its new fund, Prime Meridian Small Business Lending Fund on 7/1/14, giving investors the opportunity to invest in the growing sector of P2P small business lending. PMCP states, “Prime Meridian’s Income Fund was one of the first… Read More

October 21, 2014 @ 1:51 pm By Erin Hobey  |  

Orchard, the Marketplace Lending Platform backed by Spark Capital, Canaan Partners, and industry veterans, secures $14.7M in total investments Founded in NYC 2013, Orchard Platform, an investment and analytics platform focused on the global marketplace lending market, today announced it has raised $12 million in Series A… Read More

October 17, 2014 @ 11:33 am By Erin Hobey  |  

An Interview with Orchard Platform’s CEO Matt Burton Founded in 2013, the tech company Orchard Platform enables Direct Lending originators and institutional investors to optimize and scale Direct Lending at a global level. The Orchard Platform Advisors, LLC (a wholly owned subsidiary of Orchard Platform (Orchard… Read More

October 16, 2014 @ 5:00 pm By Erin Hobey  |  

Patch of Land, one of the fastest growing debt-focused real estate crowdfunding platforms, today announced that it is now publicly fundraising its seed round on SeedInvest, a leading equity crowdfunding platform with over 5,000 registered and accredited investors.  “SeedInvest continues to provide qualified investors with… Read More

April 14, 2014 @ 2:02 pm By Charles Luzar  |  

Lending Club CEO Renaud Laplanche spoke with The Street recently about Lending Club’s growth and long-term goals as a platform. He didn’t shy away from the platform’s ultimate goal, which is to disrupt and bring increased efficiency to the banking sector. He also spoke briefly… Read More

March 17, 2014 @ 10:19 am By Charles Luzar  |  

According to Lending Memo’s Simon Cunningham, Lending Club is planning to crack down on third party tools making use of screen scrapers. More specifically, Cunningham points to tools that automatically invest on behalf of the user by faking that user’s actions. Note that screen scraping… Read More

March 12, 2014 @ 9:35 am By Charles Luzar  |  

Wells Fargo has reversed a ban on employees participating in the peer-to-peer lending arena after the announcement of the measure garnered international attention. Related – Wells Fargo To Employees: No Peer-To-Peer Loans According to the San Francisco Business Times, Wells Fargo spokesman Ruben Pulido clarified that “The original… Read More

March 11, 2014 @ 10:33 am By Charles Luzar  |  

In this video Motley Fool analysts David Hanson, Tyler Riggs, and Matt Koppenheffer debate peer-to-peer lending. Interestingly, about halfway through the video the trio begins to discuss Google and Facebook getting into the peer-to-peer lending space. Will they? It bears mentioning that Google Capital is an… Read More

March 6, 2014 @ 9:49 am By JD Alois  |  

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

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 6, 2014 @ 3:47 pm By Charles Luzar  |  

The International Organization of Securities Commissions (IOSCO) has released a working paper entitled Crowd-funding: An Infant Industry Growing Fast. It aims to provide a macro perspective of the global “financial return” or “FR” crowdfunding space. (Can we get a standardized taxonomy?!) The main takeaway from the report… 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