Tagged: prosper

November 3, 2014 @ 10:03 am By Georgia Quinn  |  

Recently I participated in the Third Annual Global Crowdfunding Convention and Bootcamp in Las Vegas and Ron Suber, President of Prosper Marketplace, a peer to peer or “marketplace lending” platform, spoke about the nine actions or initiatives that the marketplace lending industry in general and… Read More

November 3, 2014 @ 8:44 am By JD Alois  |  

Prosper announced this past April having surpassed the $1 billion mark in loans.  This was an important event for the peer to peer lending platform and it took 8 years to loan this amount.  Six months later Prosper has easily doubled that figure and has… 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 19, 2014 @ 9:29 pm By JD Alois  |  

Peer to peer lending platform Lending Club has selected the New York Stock Exchange as their venue to list the much anticipated initial public offering. According to multiple reports, but first advanced in the FT, Lending Club has followed the path of several high profile… Read More

October 14, 2014 @ 7:47 pm By Georgia Quinn  |  

Last week’s American Banker P2P Lending and Investing Conference held in New York City (October 6-7) attracted over 375 bankers, investors, platforms and service providers. The sheer fact that a storied institution founded in 1863 and dedicated to the traditional banking industry facilitated such a… Read More

October 14, 2014 @ 9:08 am By JD Alois  |  

P2P Lender Has Generated One Billion in Loans Since February of 2014 to October. Peer to peer lender Prosper revealed in a recent interview the fast growing platform originated $170 million in loans for the month of September.  Prosper states they are approximately 1/3 of… Read More

October 9, 2014 @ 8:47 am By JD Alois  |  

Event organizer Coastal Shows is readying for their first Banking and Lending Summit set to take place next week in San Francisco. A growing surge of peer to peer lending and crowdfunding platforms are filling a void left by traditional banks.  Some banks are partnering… Read More

October 1, 2014 @ 1:20 pm By JD Alois  |  

Has peer-to-peer lending has turned into hedge fund-to-consumer lending?  According to a recent report in Risk this may be the case. While P2P lending started out by matching an individual borrower with an individual investor things have rapidly changed.  The outsized returns generated by the… Read More

September 21, 2014 @ 8:01 pm By JD Alois  |  

Apparently traditional banks are moving into higher rate and thus higher risk personal loans.  This strategic shift is driven, at least in part, by growing competition from peer to peer (P2P) lending platforms. The banking industry, while incredibly important in the US, is one of… Read More

August 18, 2014 @ 8:41 am By JD Alois  |  

LendingTree, an online lending exchange that aggregates loan options from many providers, has announced their loan revenue exceeded $1 million during the month of July.  The company also shared their growth has increased seven fold since July of 2013.  This significant growth in both volume… Read More

August 14, 2014 @ 11:53 pm By JD Alois  |  

Fitch Ratings has acknowledged the growing importance of peer to peer lending  companies in statement that P2P lending success is dependent on borrower credit. This past July, S&P and DBRS assigned a landmark rating on the senior portion of a $270 million P2P deal from SoFi…. Read More

July 10, 2014 @ 5:49 pm By JD Alois  |  

Peer to peer lender Prosper continues to experience dramatic growth in the booming industry of peer to peer lending as they “transform the world of finance and banking”.  During the month of June, Prosper jumped to $145 million loans – up from $124 million in… Read More

July 2, 2014 @ 8:07 am By JD Alois  |  

The graphic elves at peer to peer lender Prosper have put together an interesting infographic on fixing your debt problems. Unfortunately it is true.  Too many people in the United States (and some other countries) spend more than they can afford.  The spending binge is… Read More

June 21, 2014 @ 5:36 pm By JD Alois  |  

San Francisco based Prosper, a leading peer-to-peer (P2P) marketplace for consumer credit, shared recently that Capital One Co-Founder Nigel W. Morris has joined the board of directors of its parent company, Prosper Marketplace.  Simultaneously Prosper disclosed the month of May was their best ever with… Read More

June 9, 2014 @ 8:00 am By Georgia Quinn  |  

The inspiration behind the current iteration of Prosper came after president Ron Suber had personally lent millions of dollars across both the Lending Club and Prosper peer-to-peer or P2P lending platforms. Ron invested in 13,000 loans and noticed that Lending Club’s execution was far superior… Read More

May 22, 2014 @ 3:00 am By JD Alois  |  

At the Lendit 2014 conference the peer to peer crowd came from across the globe to share notes and discuss how the banking and financial industry will never, ever be the same again.  As part of that event, Ron Suber, Prosper President, gave a keynote… Read More

May 13, 2014 @ 9:47 am By Georgia Quinn  |  

United Kingdom & the United States See Incredible Growth in Peer to Peer Lending Industry. With all of the hype around equity crowdfunding the silent counterpart of peer-to-peer lending has been quietly growing into a significant and disruptive industry. In fact, some industry followers expect… Read More

May 6, 2014 @ 8:35 am By JD Alois  |  

Peer to Peer (P2P) lending platform continues to rack up big numbers as they shove banks aside and stake their claim in the P2P crowdfunding world.  One month after hurdling past the $1 billion mark in total loans in a note from Prosper CEO Aaron Vermut,… Read More

April 25, 2014 @ 2:56 pm By JD Alois  |  

According to reports, the British hedge fund  Marshall Wace is purchasing Eaglewood Capital Management described as a P2P specialist.  Marshall Wace manages approximately $15.5 billion in assets.  The terms of the purchase were not disclosed. Eaglewood apparently intends on launching the worlds first listed P2P investment trust…. Read More

April 22, 2014 @ 7:46 am By JD Alois  |  

P2P lender, Prosper Marketplace, has  announced it has named former eBay Australia CFO Macy Lee as Chief Financial Officer. As CFO, Lee will work closely with CEO Aaron Vermut, Executive Chairman Stephan Vermut, and President Ron Suber to manage the company’s rapid growth and expansion… Read More