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.
Exclusive: Ron Suber on Creating a P2P Investor Base from Scratch from LendingMemo – Great interview with Ron Suber, President of Prosper, about their success over the past 18 months.
Revisiting Roll Rates using Markov Chains from Orchard – A detailed statistical analysis of roll rates (late loans going more late).
AvantCredit Raises Financing to Lend to ‘Midprime’ Borrowers from The New York Times – The marketplace lenders are not the only companies targeting borrowers online, AvantCredit is competing for many of the same borrowers.
Paypal: the newest member of the UK Alternative Finance Lending Market from AltFi – Paypal is expanding its small business lending operation from the US to the UK.
Dealstruck Boosts Executive Bench with New Hires from Dealstruck – The small business p2p lender has made some key executive hires recently.
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[Editor's note: This is a report from my Lend Academy partner and fellow LendIt co-founder, Jason Jones, who has been spearheading the expansion of LendIt into China. We co-hosted a successful p2p lending conference in Shanghai last weekend. I was intending to attend this event but decided against it at the last minute - instead I will be attending an event in Beijing next month. - Peter]
Beginning immediately after LendIt 2014 in May, I got to work planning LendIt Shanghai. Going into our inaugural Asian conference, we had modest expectations for attendance and interest, despite the fact that there were over 30 delegates from China at our San Francisco conference in May. I was the only member of the LendIt team to plan this conference and the only member to attend. Our goal was to measure interest in a P2P conference and set the stage for the future. To our surprise, LendIt Shanghai attracted over 400 attendees. It reminded me of our first conference in New York: I was overwhelmed with the incredible interest and excitement shown by the attendees. It was a great success!
The Chinese P2P lending market is huge, P2P has the attention of the Chinese society, and LendIt Shanghai has a chance to educate and connect China with the rest of the P2P lending world. Over the course of this next year, our entire LendIt team will be focused on integrating this conference with our US and European conferences, and turning the China conference into a major international exposition.
Here is what I learned about P2P lending by hosting LendIt Shanghai: [click to continue…]