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Marketplace Lending News Roundup – January 24, 2015

by Peter Renton on January 24, 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.

RBS to refer rejected small firms to peer-to-peer lenders from Reuters UK – The biggest news of the week was undoubtedly this deal about RBS, the UK’s largest small business lender, referring borrowers to p2p lenders Funding Circle and Assetz Capital.

14 Percent of Millennial Business Owners Use Alternative Lending from Small Business Trends – One of the reasons I am so bullish on P2P lending for small business is the changing demographics laid out in this article.

Marketplace Lending Is Doing What Banks Can’t by Crowdfund Insider – By David Klein, the CEO and Co-founder of CommonBond, on why marketplace lending is succeeding right now.

Wall Street Lukewarm on Lending Club from Barron’s – Lending Club’s quiet period from their IPO officially ended this week and four of their underwriters rated the stock as “neutral”.

The Bad News About Lending Club.. from CrowdfundBeat – This provocatively titled piece is really about picking the future marketplace lending winners.

U.S. firm invests $228 million in British peer-to-peer loans from Daily Mail – Victory Park Capital have made some big investments in marketplace lending platforms but none bigger than this deal with Assetz Capital.

Investment in Asian P2P Increases from AltFi – Tiger Global has made a large investment in Dianrong, a leading Chinese p2p lender.

Former NAB notables turn on big banks with peer-to-peer lending start-up Moneyplace from BRW (Australia) – Four former executives of one of Australia’s largest banks are launching a P2P lending platform down under.

Connect 450: A tech startup helps rejig America’s capital markets from The Economist – A profile of Orchard and how they are connecting investors with marketplace lending platforms. [click to continue…]

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LendingRobot logo

The marketplace lending ecosystem continues to develop. Yesterday, LendingRobot announced a significant funding round that will allow it to “improve its service and to accelerate growth” according to their press release. Russian venture capital firm, Runa Capital, led the $3 million round. They have previous experience in this industry through their investment in leading UK P2P lender Zopa two years ago.

Who and What is LendingRobot?

Simply put LendingRobot helps automate your P2P lending investments at Lending Club and Prosper. It is a service designed for retail investors who are looking for an easy way to invest using the APIs of both companies.

I interviewed Emmanuel Marot, the CEO and Co-founder of LendingRobot, back in May of last year on the Lend Academy Podcast. In that interview he described in detail how LendingRobot works and where it fits in the P2P lending ecosystem. Suffice it to say that LendingRobot is an SEC Registered investment advisor that provides individual investors with tools to help select the best loans and invest in these loans the instant they hit the platforms.

Machine-Based Investing

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Marketplace Lending News Roundup – January 17, 2015

January 17, 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. Heads I Win / Tails You Lose: Rising US Interest Rates in 2015 & Their Potential Impact on The Marketplace Lending […]

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Google and Lending Club Announce Their First Partnership

January 15, 2015

Today, Lending Club announced a new partnership, one that many of us have been anticipating for some time. It has been almost two years since Google invested in Lending Club and we have all been waiting for some kind of partnership to be announced since then. While the partnership announced today is not what many […]

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The Software Company Powering Marketplace Lending Platforms

January 13, 2015

Last year dozens of marketplace lending platforms launched all over the world. Given the publicity this industry has received recently many more platforms will likely launch this year. And every one of these platforms will need software to run their lending operation. Enter Cloud Lending. Founded in 2012 by Snehal Fulzele and Darpan Saini in […]

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Marketplace Lending News Roundup – January 10, 2015

January 10, 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. International P2P Lending Services – Loan Volumes December 2014 from Wiseclerk – The monthly numbers from all the major European platforms. […]

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Podcast 30: Rohit Arora of Biz2Credit on Small Business Lending

January 7, 2015

Rohit Arora, the CEO and Co-Founder of Biz2Credit has been quietly building one of the leading small business lending platforms in this country. If you haven’t heard their name much I can assure you that is going to change very soon. They have issued over $1.2 billion in small business loans to date and will […]

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Five Predictions for 2015

January 5, 2015

Happy New Year everyone. Here is my annual predictions post where I review my previous years predictions and make some new ones for the new year. Review of my 2014 Predictions Lending Club will issue $5.3 billion in new loans With Lending Club no longer providing timely updates on their loan book we will not know […]

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Marketplace Lending News Roundup – January 3, 2015

January 3, 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. Office Space: Bankers, techies work side-by-side at Lending Club from SFGate – Ever wonder what it is like to work at […]

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Prosper Ends 2014 With a Bang: $205 Million in New Loans in December

January 2, 2015

The year 2014 will certainly go down as the best year in Prosper‘s history. They built on their success of 2013 and created some amazing momentum this past year. As you can see in the chart above Prosper had a record month in both total volume and volume per business day. Not only that but in […]

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