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 of the week was Lending Club’s acquisition of Springstone Financial and there was a lot of coverage on that story. I lead this edition of my weekly roundup with some of the major articling covering this big story.
LendingClub Value Jumps to $3.8 Billion as It Buys Springstone from Businessweek.
Lending Club buys traditional lender to finance private school tuition and medical procedures from San Francisco Business Times.
Direct Lending in Europe – Progress & Opportunity from Orchard – A look at the European p2p lending models and how they differ from the US.
Overview of Red Rock Assets – Social Lending for Mining Projects from Peer & Social Lending – Interesting new entrant in the p2p lending space – who would have thought mining projects could be funded by individual investors?
Peer-to-Peer Lending Club Moves Closer to IPO from Nasdaq (video) – I was interviewed yesterday by Paul Vigne of the Wall Street Journal for their Moneybeat program.
Peer Lending Lures Yield-Hungry Investors from The Street – Lend Academy readers know very well the yields that p2p lending provides and more and more people are seeing it as well.
RateSetter’s 100% fund from P2P Money Blog – Ratesetter have changed the name of their provision fund to the 100% fund because all lenders have received back 100% of their money invested.
Exclusive: CEO Aaron Vermut Reflects on Prosper’s $1B Issued Loans from LendingMemo – Great in depth interview with Aaron Vermut, CEO of Prosper.
LendingClub Deal Continues Venture Capital Surge in Lending Startups from The Wall Street Journal – Venture capital has been flowing into the online lending space in record numbers this year.
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.
Give up some numbers – Investors share some details about their Lending Club portfolios.
“Check MY Rate” = Inquiry? Or no – This is an old forum post but worth repeating here: there is no hard inquiry made when you check your rate at Lending Club or Prosper.