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Peer to Peer Lending News Roundup – November 22, 2014

by Peter Renton on November 22, 2014

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Can peer-to-peer lending transform banking? from CNN – I was interviewed at the Lend Academy offices in Denver for this story on P2P lending.

P2P-Picks Responds to LendingClub Data Changes from P2P-Picks – The popular loan selection site explains that the recent Lending Club changes have had very little impact on its models.

Lending Club Launches AA Super Prime Loans: Offers Expanded Options and Lower Rates from Crowdfund Insider – Lending Club adding loan options for the most creditworthy borrowers.

Funding Circle Firing on All Cylinders! from AltFi – In the UK Funding Circle is growing fast and managing both the lender and borrower side well.

Ron Suber’s Keynote from AltFi Global Summit 2014 (video) – Ron Suber explains the “Necessary Nine” for success in marketplace lending.

Industry Profile – Jilliene Helman from Orchard – Profile with the CEO and co-founder of Realty Mogul, one of the most successful real estate platforms.

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Wrap up of LendIt Europe 2014 in London

by Peter Renton on November 21, 2014

LendIt Europe 2014 foyer

This past Monday was the largest P2P lending event ever held in Europe. As many of you know, I am a co-founder and part-owner of LendIt so I was in London for several days preparing and working this event. We ended up with 456 attendees from 34 countries at LendIt Europe with just over 50% coming from the UK. Surprisingly, we also had many people make the trip over from the US.

LendIt Europe was held in the heart of London’s financial district at a modern conference space at 155 Bishopsgate. It was broadcast live online where people from all over the world could tune in. I know of a few Lend Academy readers who set their alarm early to catch the opening keynote.

LendIt Europe Rhydian Lewis Opening Keynote

Speaking of opening keynotes, the event was kicked off by Rhydian Lewis, the CEO and co-founder of Ratesetter. He took us back to 18th century France and the time of the French Revolution comparing that time with the revolution that is happening in financial services. It was an entertaining and thought provoking presentation and was a fitting opening to the conference.

Next up was the always lively Cormac Leech of Liberum Capital. He provided us with some detailed statistics and predictions including this gem: the market in the US and UK will reach $40 billion by the end of 2016. He also predicted that yields would go down in the US over the next two years but will increase in the UK. But when P2P lending becomes eligible for ISAs, presumably in 2015, Leech predicted that this will lead to an additional £47 billion in new retail investor money and eventually that will drive down yields.

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Prosper Records Their First Profitable Quarter

November 20, 2014

Even though Prosper is a private company because the SEC regulates it, every quarter it has to furnish financial statements in a Form 10-Q. I have been keeping an eye on these statements for many years. And the 10-Q filed with the SEC yesterday is the first time Prosper has ever shown a profit. I [...]

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How to Invest in the Lending Club IPO

November 19, 2014

On Monday, Lending Club explained to retail investors how they could participate in their upcoming IPO. They did not choose Loyal3 as many people expected, but instead their shares will be available through Fidelity. I admit I have not been following this closely this week. I have been in London for the LendIt Europe conference [...]

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Watch LendIt Europe from London Live Online Tomorrow

November 16, 2014

The largest P2P lending conference ever held in Europe is about to get under way. LendIt Europe happens tomorrow in London beginning at 9am UK time and going through until 6pm. We are broadcasting this event (at no charge) live online for the world to see at lendit.tv. So , if you are in the [...]

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Peer to Peer Lending News Roundup – November 15, 2014

November 15, 2014

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. I am writing this Saturday news post from London where the LendIt Europe conference is taking place on Monday. So, you [...]

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Lending Club May Also Be Seeking a Buyer

November 14, 2014

This morning I just read this article on Reuters PE Hub. It claimed that Lending Club is also seeking a buyer at the same time they are preparing for an IPO. LendingClub Corp., which is backed by investors including Kleiner Perkins Caufield & Byers, is pursuing a dual track process, two sources said. The peer-to-peer [...]

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Podcast 27: Cormac Leech of Liberum Capital

November 13, 2014

Cormac Leech is our first ever repeat guest on the Lend Academy Podcast, he was also our featured guest on Podcast 8 back in March. Cormac is one of the only investment analysts who is dedicated to the peer to peer lending space and he is also one of the true thought leaders in our industry. [...]

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Where Does P2P Lending Fit in a Family Office Portfolio?

November 11, 2014

[Editor's note: This post originally appeared on the LendIt Conference blog.] Where does P2P lending fit in a family office portfolio? This is the question that was posed to me by a very prominent family office who was kind enough to share their asset allocation plans with me: 2013 2014e 2015e Long Term Cash 8% [...]

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Peer to Peer Lending News Roundup – November 8, 2014

November 8, 2014

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Ron Suber’s Guide to Improve the Crowdfunding Industry from Crowdfund Insider – Prosper’s president provides some advice for platforms. International P2P [...]

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