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Recent Posts Tagged With 'p2p lending'
Peer-to-Peer Marketplaces Join Forces to Influence Lawmakers with the "Coalition for New Credit Models"
Caught up in the regulatory crackdown in all things financial, new models to transparently originate consumer and small business loans between individuals, the so-called P2P marketplaces, have struggling mightily to satisfy SEC requirements (my feel...
Lending Club Offers New Lenders $50 to Get Started on its Peer-to-Peer Platform
This morning Lending Club emailed its existing lenders encouraging them to refer friends to become lenders on the peer-to-peer lending platform. The peer-to-peer lending pioneer says that is has added 11,000 new lenders this year, an impressive 1,600...
Prosper Back in Peer-to-Peer Lending Game with Full Approval of SEC
At our FinovateStartup conference two months ago, Prosper won a Best of Show award for the re-launch of its peer-to-peer lending platform. But apparently, the SEC didn't share our audience's enthusiasm over Prosper's plan to operate under State of......
Peer-to-Peer Lender Prosper Reopens Today at FinovateStartup
There's good news in peer-to-peer lending today as Prosper reopened for business. The announcement was time around its appearance at FinovateStartup today. The company is adding loan resale component called Open Market (see diagram below). Open Marke...
Lending Club Teams with EntrustCAMA to Offer Self-Directed IRA Option for P2P Lending
Ah, it's nice to be among the funded (see note 1). Not only can Lending Club afford to push forward with the usual marketing programs such as Google AdSense and affiliate deals, it can support unique efforts such as......
Cology's TuitionU.com Acquires Student Loan P2P Lender GreenNote
TutionU.com's acquisition of Finovate Startup alum, GreenNote, was announced today (press release). The social student lender debuted at our conference last year (video here). TuitionU.com is a student loan portal operated by Cology Inc. According to...
Virgin Money Joins UnCrunch America
UnCrunch America, the peer-to-peer lending educational/marketing campaign spearheaded by Lending Club (note 1) got a big boost with the addition of Virgin Money USA. Not only does Virgin brings its considerable brand recognition, it legitimizes the e...
Pertuity Direct Launches Financial Mashup: Consumer Loans + Mutual Funds + Social Finance
Last month I wrote about Pertuity Direct's impending launch. Well, now it's been live for a few weeks and I've had a chance to review it in detail. The model is so unique, we created an entire special report on......
Lending Club Launches UNCRUNCH AMERICA, a Microsite Advocating Social Lending
During the Christmas holidays, Lending Club and its partners launched a clever new microsite, UNCRUNCH AMERICA at <uncrunch.org>. The site promotes peer-to-peer lending as a way to help increase the availability of credit in the United States (...
Lending Club Regains Momentum, Posts 40% Gain in P2P Loan Originations Compared to Dec. 2007
If you think your 2008 was stressful, imagine having to shut down for an extended and unknown period (it turned out to be 6 months) just 10 months after launch. Then spending hundreds of thousands of dollars on SEC......
New Peer-to-Peer Lender Pertuity Direct Nears Launch
Just when it looked like U.S. regulators were about to kill the market for P2P lending, a new entrant is about to launch. Apparently, with the full blessing of government watchdogs. Pertuity Direct, originally scheduled to launch at our......
ZimpleMoney Launches Peer-to-Peer Loan Platform to Power Social Finance
Startup activity in the financial technology sector has slowed dramatically since Sept/October when a dozen online finance startups launched (see previous post). But that's not surprising given economic conditions and the time of year. But ...
Prosper Pays $1 million to States to Settle Securities Complaint; Nightmare Not Over Yet
No one said it would be easy trying to disrupt a multi-trillion dollar industry. Prosper's latest blow is the cool $1 million it spent to settle what could have been a legal black hole, individual states suing it for......
Loanio Shuts Down (updated with statement from Loanio)
It's 3 for 3 now. All major P2P U.S. peer-to-peer lenders have been shut down this year by the SEC (see note 1). First Lending Club in March, then Prosper Oct 15, and finally Loanio this week (see note......
Peer-to-Peer Lending Volumes Worldwide
Industry blog, P2P-banking.com recently compiled a list of peer-to-peer loan volumes from around the world. The chart is reprinted by permission below. These numbers are cumulative all-time volumes since inception. More than half is from Virgin...
P2P Lender Prosper Closes Marketplace to Lenders; Loanio Unaffected for Now
I was packing up my hotel room after five great days in NYC putting on Finovate, when I got a call from a reporter who asked me if "I'd heard the news." Since we'd been talking P2P lending earlier......
Finovate 2008 Lending Club
Next is Lending Club. CEO Renaud Laplanche will do the demo. Lending Club was the second person-to-person lender in the United States, launching on Facebook in May 2007 and on the Web in September. It's been operating on a......
Just-Launched P2P Lender Loanio Joins Finovate Conference Demo Lineup
As noted here last week, Loanio launched its much anticipated peer-to-peer lending exchange Oct. 1. And we are lucky that founder Michael Solomon has agreed to take the stage this Tuesday at Finovate to show everyone the results of his......
