Tagged: prosper

April 15, 2015 @ 2:00 am By Midori Yoshimura  |  

  OnDeck Capital, which offers short-term loans to businesses of between $5,000 and $250,000, and Prosper Marketplace, a peer-to-peer lending marketplace, today announced their new strategic partnership, according to a story in New York Business Journal. The partnership was made public at the LendIt financial tech conference… Read More

April 14, 2015 @ 9:00 am By Ron Suber  |  

In the world of finance, the traditional banking industry is the big celestial body at the center of things. Circling that orbit are the spheres of money transfer, payments, wealth management, banking and marketplace lending (also called peer-to-peer finance). Disruption to financial services has been… Read More

April 13, 2015 @ 8:00 am By Bill Ullman  |  

  Sunlight is said to be the best of disinfectants…” Former US Supreme Court Judge Louis Brandeis The old guard is trying to define marketplace lending as part of a murky “shadow banking” industry.  Banking analyst Richard Bove concluded in a recent Rafferty Capital Markets… Read More

April 8, 2015 @ 8:12 pm By JD Alois  |  

Prosper Marketplace has closed a $165 million funding round led by Credit Suisse Group’s Next Investors.  The valuation was set at approximately $1.9 billion – a significant increase to previous valuations. Additional investors included JP Morgan Chase & Co’s Asset Management unit, SunTrust Banks, USAA,… Read More

April 8, 2015 @ 12:00 pm By JD Alois  |  

Patch of Land, a leading real estate crowdfunding platform, has announced a solid $23.6 million funding round that captured the interest of SF Capital and Prosper President Ron Suber – a significant validation of their vision for the future of real estate investing.  Both Suber… Read More

April 8, 2015 @ 9:00 am By JD Alois  |  

Orchard, the nexus of institutional investors into the marketplace, or peer to peer lending space, has published a list of best practices to invest in this new asset class. The early days of P2P was slow to grow as platforms experimented and solidified processes and… Read More

March 31, 2015 @ 9:30 am By JD Alois  |  

Total Addressable Market Estimated at “Just Under” $3 Trillion Prosper, one of the leaders in the ‘marketplace’ or peer to peer lending space, had a great month.  March will be a record “by far” as it easily beats $200 million in aggregate loan originations pushing… Read More

March 12, 2015 @ 12:42 pm By Erin Hobey  |  

EVEN Financial today announced it has raised $2.8M in seed funding. The round was led by Canaan Partners, who also led the first venture-backed investment rounds for Lending Club and Orchard Platform in the P2P lending market. Other investors include Lerer Hippeau Ventures, Ron Suber of Prosper, Brooklyn Bridge Ventures, Conversion Capital, Social Leverage, 555… Read More

February 26, 2015 @ 3:42 pm By JD Alois  |  

Prosper Marketplace, a leading peer to peer or marketplace lender, has signed an exclusive agreement with Western Independent Bankers (WIB) representing a new outlet for loans via their 1260 plus member banks. These community banks represent a significant extension of Prosper into the 13 western… Read More

February 25, 2015 @ 4:06 pm By JD Alois  |  

This one falls under the category of recently discovered.  The second largest peer to peer lending platform in the United States Prosper had a pretty spectacular year according to their published info. Boosted in part from growing institutional demand, Prosper experienced some pretty spectacular growth… Read More

January 28, 2015 @ 10:44 pm By JD Alois  |  

Coming off a year where they facilitated $1.6 billion in loans, Prosper, one of the largest peer to peer companies in the world, has acquired American HealthCare Lending (AHCL) – a medical financing platform. The company is the largest “patient financing company in [the] behavioral… Read More

January 12, 2015 @ 9:33 am By Georgia Quinn  |  

  As far as the peer-to-peer or marketplace lending industry is concerned, 2014 ended with a bang and not a whimper as Lending Club, the leading online lender, completed its initial public offering. On December 10, 2014 the Lending Club offering went effective, and ultimately… Read More

December 30, 2014 @ 10:39 am By JD Alois  |  

Orchard is all about data and managing data effectively.  The platform was one of the first (if not the first) to figure out how to tap into the growing number of peer to peer lending (or marketplace lending) platforms and put their code magic to… Read More

December 30, 2014 @ 7:30 am By Erin Hobey  |  

Cloud Lending, the industry’s end-to-end lending solution built on Salesforce.com, recently added CL Marketplace, a unified cloud platform that simplifies and automates the entire loan process in marketplace lending, to its suite of cloud-based industry applications that enable non-bank financial institutions to manage loan portfolios, increase transaction volume and rapidly bring new… Read More

December 29, 2014 @ 9:42 am By Erin Hobey  |  

In his blog on Spend Matters Network, David Gustin eloquently highlights several themes that impact the world of business credit during 2014: “The first of course is the rise of alternative lending products that go by such categories as online receivable auctions, private pcard exchanges, and peer… Read More

December 8, 2014 @ 11:47 pm By JD Alois  |  

The largest peer to peer lending platform on the planet, Lending Club, will finally trade shares later this week as the highly anticipated IPO hits the screens of the New York Stock Exchange.  As many industry followers have expected, the projected price per share has… Read More

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

December 2, 2014 @ 10:11 am By JD Alois  |  

There is definitely something to be said for being at the right place, at the right time, and for Orchard this is certainly the case.  Now this is not to say the creation of Orchard is totally serendipitous because this is a company that has… Read More

November 20, 2014 @ 7:06 am By JD Alois  |  

Prosper, a leading peer to peer or “marketplace” lending platform, Q3 results are available via their 10Q filing at the SEC.  According to the document $493 million in loans originated on the platform for the 3 months ending in September.  This was generated by a… Read More

November 6, 2014 @ 8:01 am By JD Alois  |  

As peer to peer lending platform Prosper  celebrates the $2 billion in loans mark they have launched a community contest for borrowers to submit their photos or videos to share how Prosper made their life better.  It took 8 years for Prosper to surpass $1… Read More