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Peer to Peer Lending News Roundup – August 30, 2014

by Peter Renton on August 30, 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.

The big news story of the week was the Lending Club IPO. It was covered by every major business news publication in the country. Here is a list of some of these stories:
LendingClub IPO to reward Silicon Valley approach to banking from CNBC.
Lending Club, Middleman for Small Loans, Plans Stock Offering from The New York Times.
Lending Club seeks to raise more than $500m in IPO from the Financial Times.
Lending Club, the world’s largest peer-to-peer lender, files for an IPO from Fortune Magazine.
Online peer-to-peer banker LendingClub files for IPO from Reuters.
Lending Club Files for Initial Public Offering from The Wall Street Journal.
LendingClub Files For $500M IPO from Techcrunch.
Lending Club Can Be a Better Bank Than the Banks from Bloomberg View.
The Unstoppable Share Economy–LendingClub Files For $500 Million IPO from Forbes.
LendingClub’s silent backer poised for windfall from CNBC.

Then we also had the thoughts of two of the stalwarts of our community:
LendingClub – Pioneering Marketplace Lending & Reshaping Financial Services For Years to Come from Orchard.
What Making History Looks Like: Lending Club Files for IPO from LendingMemo.

Of course, there were some other articles of note this week that had nothing to do with the Lending Club IPO:

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Save the Date for LendIt 2015 in New York

by Peter Renton on August 29, 2014

New York City

The 2015 edition of LendIt Conference is now set. We are going back to the east coast next year, back to New York City again. We are booked in at the Marriott Marquis in Times Square on April 13-15. We are still working out the details and we are not yet open for registration but wanted to let everyone know so you can put it in your calendar.

As many of you know I am a co-founder of LendIt. Our first event was in New York City last year, where we had 350 people. LendIt 2014 was in San Francisco in May with 950 people. We are expecting 1,500 at LendIt 2015 and we will work hard to bring you the best networking and educational opportunities in the industry. We expect to publicly launch LendIt 2015 in a month or so.

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Lending Club Files to Go Public

August 27, 2014

Well the time has finally come. It has been more than 20 months since Renaud Laplanche, the CEO and founder of Lending Club, first discussed IPO plans. Earlier today they filed their S-1 registration with the SEC in preparation for the Lending Club IPO. There have been so many rumors flying around the last week or [...]

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Funding Circle USA Acquires LeapPay to Speed Loan Approvals

August 26, 2014

All online lending platforms have to balance two things: a thorough underwriting process from their end and a quick approval for the borrower. Some companies in the small business lending space have chosen a fast and more automated approach. Other companies, like Funding Circle prefer a human to control the underwriting process. But of course, [...]

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Peer to Peer Lending News Roundup – August 23, 2014

August 23, 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. My crazy travel month continues – after being in London last week, this week I am in Beijing to [...]

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LAP22: Mike Cagney of SoFi on Changing the Game

August 21, 2014

SoFi has been somewhat of a quiet achiever in the p2p lending industry. But they have been breaking a lot of new ground over the past few months. In this edition of the Lend Academy Podcast I talk with Mike Cagney, the co-founder and CEO of SoFi. I came away from this interview so impressed [...]

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My Quarterly P2P Lending Results – Q2 2014

August 19, 2014

One of the many things I love about this business is its transparency. Anyone can download the entire loan history of Lending Club and Prosper and see how every single loan has performed. It is in this spirit of transparency that I bring you details of my own p2p investment returns each and every quarter. [...]

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Peer to Peer Lending News Roundup – August 16, 2014

August 16, 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 have been in London this week doing some prep work for LendIt Europe so I have been a [...]

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Two Significant Reports Just Published on P2P Lending

August 15, 2014

Yesterday, two major reports were published on the p2p lending industry. First, the Federal Reserve Bank of Cleveland put out a positive report on the future potential growth of this industry and the same day Fitch Ratings published a more sobering report on where the p2p lending industry stands today. Both make for some very [...]

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Peer to Peer Lending News Roundup – August 9, 2014

August 9, 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. How a Personal Loan Can Help You Beat the Post-Grad Plateau from SoFi – Very interesting to see the student loan platform, [...]

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