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Roundup of Social Lending News – June 2, 2012

by Peter Renton on June 2, 2012

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.

We had quite an interesting range of stories in this holiday shortened week. Of course, one of the big stories of the week was crossing the $1 billion milestone for Prosper and Lending Club but perhaps the most interesting story came out of the UK. As the BBC reports the UK government is investing £100 million in alternative  business lenders and Funding Circle, the peer to business lender, has put up their hand for £30 million of that money. Also, I have been following SmallKnot the last couple of months and there is an interesting interview with their CEO below. Enjoy your weekend.

Street Fight - Smallknot Founder: Crowdfunding Should Be a Local Phenomenon

Sustainable Business - Solar Crowdfunding Website Raises $2.5 Million

Prosper blog - Using Prosper Ratings to Diversify Your Portfolio for More Consistent Returns

Finovate - Prosper Takes On Lending Club’s PRIME Service with Premier

Cult of Money - P2P Lending update, me 113, bad loans, 1

Random Thoughts - Lending Club Loan Listing Date – Not All Patterns are Relevant

BBC (UK) - Government to give £100m to alternative lenders

Small Business Administration - P2P Lending and Crowdfunding – Explore the New Frontier for Small Business Lending

Random Thoughts - Lending Club Loan Application Date – When to Invest?

Techcrunch - Peer To Peer Lending Crosses $1 Billion In Loans Issued

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