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My Quarterly P2P Lending Results – Q1 2015

by Peter Renton on May 20, 2015

One the founding tenets of P2P lending was transparency. As the industry has matured this tenet has been watered down somewhat but here at Lend Academy we are still 100% committed to it. Which is why every quarter I bring you my quarterly returns post. I have been sharing the details of my Lending Club and Prosper returns for many years and I will keep doing so.

I have continued to add new money into my P2P lending portfolio and this quarter I rolled over a good part of my IRA into the Lend Academy P2P Fund. I now have ten different accounts, which I admit is a lot, but with taxable, Traditional IRA and Roth IRA in both my name and my wife’s name, spread across two platforms, I have found this number to be necessary.

I will go through each one of these ten accounts below and provide you with a screenshot as well as a little explanation of each one. But first, let’s get right to the numbers.

Overall P2P Lending Return Now at 11.34%

This past quarter saw a slight rise in my overall return from 11.11% to 11.34%. One the other hand, the returns for my core six holdings (each one has been open for several years) continues to decline slowly going from 9.59% in Q4 2014 to 9.29% in Q1 2015. While I continue to suffer from a large number of defaults the situation is exacerbated by the decline in interest rates at both Lending Club and Prosper. For this reason, I am now sharing the weighted average interest rate of each investment (where available) so everyone can clearly see how this is tracking.

Now on to my numbers. Click the table below to see it at full size.

P2P Return Numbers Q1 2015

As you look at the above table you should take note of the following points: [click to continue…]

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Two More LendIt Events Scheduled for 2015

by Ryan Lichtenwald on May 19, 2015

LendItChina2015

LendIt hosts three conferences a year: LendIt USA, LendIt Europe and LendIt China. After wrapping up our biggest conference ever in New York, that welcomed 162 delegates from China, we immediately shifted focus to our return to China for 2015.

The Chinese market for p2p lending is much larger than that of the United States with total transaction volume estimated to have been $22 billion in 2014, up from $11 billion in 2013. In fact China is by far the largest and most competitive market in the world. There is a lot that US-based companies can learn from the Chinese market and LendIt is the bridge that connects these two markets.

Last year, LendIt Shanghai co-hosted the Bund Summit, which attracted over 500 attendees. This year, we are very excited to announce the LendIt China Tour, a seven-day tour through Beijing and Shanghai from July 7-14. Participants will meet with top Chinese firms, investors, and regulators to gain a deeper understanding of China’s online lending ecosystem. As part of the tour, we will be co-hosting the 2nd annual Bund Summit in Shanghai and the 10,000 person China App Show in Beijing. [click to continue…]

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Marketplace Lending News Roundup – May 16, 2015

May 16, 2015

During the week I share the latest marketplace 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. Second p2p lender receives licence from NBR – New Zealand has its second p2p lending to receive a licence with the […]

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Peer to Peer Lending Makes its First Appearance on Capitol Hill

May 14, 2015

It was an honor yesterday to appear at the hearing of the House Small Business Committee on Capitol Hill. Presided over by Committee Chairman Steve Chabot (R-Ohio) this was clearly an information gathering session where the congressmen and woman sought to educate themselves about this new industry. And while Renaud Laplanche testified before a House sub-committee […]

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Cloud Lending Solutions Launches Loan Application Exchange

May 12, 2015

Today, Cloud Lending Solutions, a cloud platform for marketplace lenders unveiled CL Exchange. I spoke to Snehal Fulzele, CEO of Cloud Lending Solutions to learn more about this new product offering. CL Exchange is a marketplace where online lending companies can source borrowers and also trade loan applications among other lenders on the marketplace. This […]

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I am Testifying on Capitol Hill on Wednesday

May 11, 2015

I have to admit, it was a little surreal when the email came in. A congressional staffer emailed me while I was on vacation to ask if I would be interested in testifying in front of the House Committee on Small Business next week. The committee wants to learn more about peer to peer lending and how […]

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Overview of the Invoice Finance Marketplace

May 11, 2015

[Editor’s Note: This is a guest post from Simon Hermiz, a Credit Risk Management Professional and former Co-Founder at NoteX, a company that provided an institutional investment platform for direct investing in trade receivables and marketplace loans.]  Launched in 2008, The Receivables Exchange was one of the first online marketplaces for trade receivables. Since then […]

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Marketplace Lending News Roundup – May 9, 2015

May 9, 2015

During the week I share the latest marketplace 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. Transaction Profile: Prosper Marketplace Secures $165 Million in Series D Financing from FT Partners – In depth 52-page profile of Prosper […]

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Overview of the Australian Marketplace Lending Industry

May 8, 2015

After LendIt USA 2015 I took a two-week trip back to my home town of Sydney, Australia. This was primarily a vacation but I did take one day and had meetings with many of the Sydney-based platforms. I took this photo above on my ferry ride into downtown Sydney on my way to this day […]

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Podcast 36: Matt Symons of SocietyOne

May 6, 2015

Right after LendIt I took a two week vacation in Sydney, Australia (my home town). During this vacation I met with a few of the players in the Australian market including the first P2P lender down under, SocietyOne. I first wrote about them on Lend Academy two years ago and have been wanting to get […]

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