Tagged: prosper

April 4, 2014 @ 12:21 pm By Charles Luzar  |  

$1 billion in loans 3,000% growth in eight years 118,000 personal loans issued Over 75,000 investors Over 93,000 borrowers 47 states Its been a long road since the first loan in 2006. Since then the $1 billion dollars issued through Prosper went towards helping people… Read More

March 31, 2014 @ 8:00 am By Georgia Quinn  |  

Fresh from my trip across the pond, I can tell you I have seen the light. Crowdfunding can and is working and we (the United States) are behind the eight ball on this one. When describing the US regulatory regime to crowdfunding professionals in the… Read More

March 12, 2014 @ 5:49 pm By JD Alois  |  

Peer-to-Peer (P2P) lending platform Prosper has recently made some changes in the executive offices. The San Francisco based P2P crowdfunding company has announced that Aaron Vermut will become the company’s new CEO replacing his father, Stephen Vermut, who will become the Executive Chairman focusing more… 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 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 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

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

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

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

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 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

October 5, 2013 @ 3:27 pm By JD Alois  |  

Ron Suber, the Global Head of Institutional Sales at Prosper, will be discussing the rapidly growing area of Peer to Peer (P2P) lending at the New York Investing meetup on October 10th. P2P lending first appeared in England in 2005 and then rapidly spread to… Read More

February 4, 2013 @ 5:14 pm By BusinessWeek  |  

Nearly two years ago, I championed the idea of making it legal for entrepreneurs to raise money by selling equity stakes in their companies online. This kind of crowdfunding came much closer to becoming a reality when President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law… Read More