Tagged: p2p lending

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 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

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 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 16, 2013 @ 10:32 am By Charles Luzar  |  

An anonymous user on Quora asked me and a few others to answer the following question: What is the future of Crowdfunding? It’s a great question and one we think about quite often here at Crowdfund Insider. We cover so many stories in the space and… 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 7, 2013 @ 1:08 pm By Charles Luzar  |  

On Thursday, December 5th 2013, Lending Club Founder and CEO Renaud Laplanche provided the following testimony to the House Committee on Small Business, and specifically the Subcommittee on Economic Growth, Taxes and Capital Access. A survey released by the Federal Reserve Bank of New York… Read More

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 30, 2013 @ 12:35 pm By Charles Luzar  |  

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

October 29, 2013 @ 10:05 am By Charles Luzar  |  

The Lane Report | OP-ED: Kent Oyler – Let the 2014 crowdfunding rule games begin Kent Oyler says that initially the cynics are outnumbering the fans when it comes to the SEC’s proposed rules for equity crowdfunding. He postulates that equity crowdfunding will provide a… Read More