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Peer to Peer Lending News Roundup – December 20, 2014

by Peter Renton on December 20, 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.

Innovation of the Year: Online Marketplace Lending from American Banker – This demonstrates the kind of year it has been: the leading banking publications calls our industry the innovation of the year.

OnDeck IPO Cashing In On Alternative Lending Boom from Investors Business Daily – Another big IPO in the online space happened last week: OnDeck Capital.

Banks are taking a risk by treating peer-to-peer lenders lightly from The Financial Times – A look at the banking attitude towards P2P lending.

50 Best Fintech Innovators from Australasian Wealth Investments – Lots of companies Lend Academy readers would recognize on this list of innovators.

Most Important IPO of 2014: Alibaba Group Holding Ltd (BABA) Or LendingClub Corp (LC) from Insider Monkey – The fact that Lending Club is in the conversation about the most important IPO of 2014 is amazing.

The Death Of Banking: A LendingClub Story from Seeking Alpha – It is premature to talk about the death of banking but this is an interesting read nonetheless.

Why Are Banks Ignoring The Threat Posed By Lending Club (LC)? from BidnessEtc – Another article about banking and the impact of P2P lending.

Cash Flow is King in Peer to Peer Lending Investments from Peer & Social Lending – A good reminder to new investors that these P2P loans do pay back monthly providing some liquidity.

Alternative lenders are hot — especially among millennials from CNN Money – A look at the Lending Club and OnDeck IPOs and their growing target market.

LFP015 – Special Episode! The Amazing Story of US P2P With Peter Renton of Lend Academy from London Fintech Podcast – My recent interview about the US P2P lending market.

LendingClub And Billion-Dollar Valuations Are Just The Beginning For Online Lending from Forbes – Nav Athwal of RealtyShares gives his thoughts on the Lending Club IPO.

One Lender Growing Faster Than Bank of America — and Why That’s a Bad Thing from the Motley Fool – A more sober take on where Lending Club is today and its growth prospects.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

LC loan credit trend statistics – Many investors track the FICO trends of their borrowers and shared their results here.

Lending Club Stock Price Speculation Dates/Info – Investors in Lending Club stock discuss strategy.

Buying notes above par? – For Folio-only investors is it ok to buy notes above par value.


Early Bird Pricing for LendIt USA 2015 Now Available

by Peter Renton on December 19, 2014

LendIt USA 2015 New York City

The third annual LendIt USA conference will be held April 13-15, 2015 in New York City. As many of you know I am a co-founder of LendIt and I spend a good deal of my time these days working on this conference series. LendIt has become the biggest and I would like to think the best gathering place for anyone interested in the online lending industry.

The first LendIt USA conference in June 2013 had over 350 people in a conference center in New York City and was completely sold out. LendIt USA 2014 in San Francisco earlier this year had almost 1,000 people. We are expecting many more than that for our 2015 event as the industry continues to grow.

Early Bird Pricing Available Until January 9, 2015

We officially opened LendIt USA 2015 for registration earlier this week. The early bird price is $795 but as with every LendIt conference Lend Academy readers get a discount. Just enter the promotion code LENDACADEMYVIP at checkout and you will receive a 15% discount.

The early bird pricing will be in place until January 9th. After that the price will go to $1,295. The price will continue to go up as we get closer to the event. So, if you are planning to attend the earlier you sign up the better for you.

We are working on the program right now and will have a preliminary agenda available early in the new year. We will be including some of the popular topics from previous years as well as a few surprises. If you have an idea for a topic or would like to be considered as a speaker please go to our speaker sign-up page.

New in 2015: Pre-Conference Workshops

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OnDeck Capital Has a Successful IPO Today

December 17, 2014

Following hot on the heels of the Lending Club IPO last week comes another online lender going public. Last night, OnDeck Capital priced its IPO at $20/share which was above the expectations of $16 – $18 per share. At $20/share OnDeck raised about $200 million and was valued at around $1.3 billion. This morning its […]

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Peer to Peer Lending News Roundup – December 13, 2014

December 13, 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. This was a week like no other I have experienced. The Lending Club IPO was front and center all week with […]

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The Lending Club IPO: A First Hand Account at the NYSE

December 11, 2014

When I first started writing about this industry in 2010 I did it because I loved the concept and believed in its potential. Back then I was pretty much alone in that thinking. But earlier today many thousands of investors around this country decided that they also believed in this industry’s potential as they bought […]

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Podcast 28: Matt Burton of Orchard Platform

December 10, 2014

This episode of the Lend Academy Podcast features Matt Burton, the CEO and Co-Founder of Orchard. Orchard has quickly become one of the leading companies in the marketplace lending space, developing the ecosystem that connects institutional investors with platforms quickly and easily. Because Matt talks to both platforms and investors on a daily basis he has a […]

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Thoughts from Industry Leaders About the Lending Club IPO

December 8, 2014

This is an exciting time for anyone who follows this industry. It is officially IPO week for Lending Club and it looks like Thursday is going to be the big day. For retail investors participating in the IPO through the Directed Share Program you should have received an email from Fidelity today. This letter was […]

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Peer to Peer Lending News Roundup – December 6, 2014

December 6, 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. What a week. My Google alerts picked up 267 stories covering our industry this past week which is by far the […]

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The November Loan Origination Numbers for Prosper

December 3, 2014

In the short month of November Prosper issued $158 million in new loans. This was down from $177 million in October and on the face of it this seems like a bad result for Prosper with monthly originations down 10.8% month over month. But as Aaron Vermut, the CEO of Prosper, pointed out to me […]

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Lending Club Offering 50 Million Shares at $10-$12 in IPO

December 1, 2014

Lending Club has a new S-1 registration out this morning as they begin their investor roadshow this week. It gives us a window into their expected valuation and the amount of money they expect to raise. From their filing: LendingClub Corporation is offering 50,000,000 shares of its common stock and the selling stockholders are offering […]

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