Tagged: prosper

September 6, 2015 @ 9:43 pm By JD Alois  |  

Marketplace lending sites have quickly capitalized on one segment of personal debt: Credit Cards.  Yes, just about everyone holds and uses credit cards for day to day purchases.  If you are savvy, you pay them off at the end of each month. But at times… Read More

September 1, 2015 @ 1:00 pm By JD Alois  |  

Parker Barrile, an executive with an impressive resume that includes stints at Google, LinkedIn, Bain and more, has joined Prosper as Chief Product Officer. A Stanford grad, Barrile was also founder and CEO of Predictify, a community-based prediction platform where members could make and vote… Read More

August 20, 2015 @ 11:00 am By JD Alois  |  

LendingRobot is a “robo-advisor” for the marketplace lending sector allowing individuals to automate the process of investing in loans.  The core premise of the service is that individuals may generate high rates of return (today around 7 to 10%) but require sufficient diversification across a… Read More

August 6, 2015 @ 1:59 pm By Erin Hobey  |  

Interest in crowdfunding from banks and other noteworthy investors including some family offices has steadily increased in recent months, so much that Money&Co blogged, “It’s often said that crowdfunding is in danger of losing the crowd.” Could crowdfunding lose its crowd? How does the industry… Read More

July 23, 2015 @ 10:15 am By Midori Yoshimura  |  

As the founder of Merchant Cash and Capital (MCC), a small business alternative lending company that has also worked with companies from UPS to Pita Pit, Stephen Sheinbaum oversees a company that is using leading technology to change the way small businesses get capital. Prior… Read More

July 21, 2015 @ 5:57 pm By JD Alois  |  

Earlier this week, Prosper altered the way it handled charged-off loans. According to a company report, Prosper has now incorporated a “debt sale recovery strategy” created to increase the level of returns to investors. Prosper will now bundle charged-off loans to be sold. Prosper states… Read More

July 17, 2015 @ 11:29 am By Samantha Hurst  |  

As more and more companies are turning to crowdfunding for extra funds, Indiegogo’s CEO Slava Rubin is encouraging everyone with a project idea to use the global platform. During a recent interview with MarketWatch, Rubin stated that he, along with the rest of the Indiegogo crew,… Read More

July 13, 2015 @ 1:59 pm By JD Alois  |  

Direct lender Prosper is now open to investors in the state of Indiana. This makes 32 states and the District of Columbia where individuals may lend money directly on the platform.  Aaron Vermut, CEO of Prosper said;   “We are very pleased to bring the… Read More

July 10, 2015 @ 12:39 pm By JD Alois  |  

In 2014 Prosper, a leading direct lender, originated over $1.6 billion in loans – a 350% increase from year prior. This week the marketplace lending platform said it had topped $4 billion in total loans as it registered another “record quarter” as it delivered $912… Read More

June 16, 2015 @ 2:00 pm By JD Alois  |  

The New York Times Dealbook section published an article yesterday about Goldman Sachs entering the peer to peer, or marketplace lending space. This was really old news as Quartz had covered it soon after Harit Talwar announced his departure from Discover in April.  Shelly Banjo… Read More

June 11, 2015 @ 12:23 pm By JD Alois  |  

LendingRobot, an automated investment platform for peer to peer / marketplace lending investors, has launched secondary trading for Lending Club loans. The Seattle, Washington, based company raised $3 million in a Series A funding round earlier this year to help finance the new service. LendingRobot allows… Read More

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

June 1, 2015 @ 9:15 am By Erin Hobey  |  

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

May 27, 2015 @ 7:30 am By Anthony Zeoli  |  

For years now, big bank lenders have warned the public about the dangers of dealing with “shadow” (i.e. non-bank) lending institutions. The term itself conjures up images of shady back-room deals where you’re handed money in a paper bag and told to pay it back… Read More

May 22, 2015 @ 10:00 am By Erin Hobey  |  

“We are extremely excited by the possibilities of the next decade in the alternative finance market… OnDeck’s vision is to transform how money flows to small businesses by leveraging our platform to provide capital on demand for small business owners. The data flowing through a small… Read More

May 12, 2015 @ 11:44 am By JD Alois  |  

Orchard has just published a new analysis of consumer credit trends and repayment performance for the marketplace lending (P2P) industry. Orchard is a service provider that connects investors to direct lending assets so they have great access to data on the nascent industry. Orchard notes that… Read More

May 6, 2015 @ 9:30 pm By JD Alois  |  

  Orchard describes its beginning as a small circle of friends, driven by the same interests, with a desire to make a difference in the alternative lending space.  But what was once a bit of a hobby is now a pretty enormous and incredible business. I… Read More

May 3, 2015 @ 11:29 am By JD Alois  |  

Ron Suber, President of Prosper – one of the leading peer to peer lenders in the US, delivered one of the keynote presentations at the LendIt conference held in Manhattan last month.  Suber really did not focus on his company but instead gave a high level… Read More

April 17, 2015 @ 1:17 pm By JD Alois  |  

  Prosper President Ron Suber delivered an extremely well received keynote address at the LendIt conference held in Manhattan this past week.  Over 2400 attendees converged from around the globe to discuss the future of finance, one where banks are on the decline and peer to… Read More

April 16, 2015 @ 12:03 pm By Anthony Zeoli  |  

It is clear that peer-to-peer (P2P) lending is here to stay but long gone are the days of actual “peers” lending to “peers.” Today Wall Street firms, hedge funds and other “big money investors”, make up the overwhelming bulk of the funds being lent through… Read More