Marketplace Lending News Roundup – March 7, 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.

Check Out these Beautiful Photos of Prosper Marketplace from LendingMemo – Want to know what it looks like inside the Prosper offices? Check out this post from Simon at LendingMemo.

Elizabeth Kerr openly experiments with peer to peer lending using Harmoney from interest.co.nz – This reporter opens an investment account at Harmoney and shares her experience.

P2P lender Landbay sets new standards of openness from Mortgage Introducer – In a UK first, property lender Landbay opens up their loan book.

Revealed: The Storm Clouds Looming Over Lloyds Banking Group PLC & Royal Bank of Scotland Group plc from The Motley Fool –  Headwinds for UK banks. Giles Andrews, Co-Founder and CEO of Zopa says that p2p lending will take half of the total personal loan market in the UK.

International P2P Lending Services – Loan Volumes February 2015 from P2P-Banking – The monthly loan volumes are out for the European p2p lenders.

Originator Database Update – February 2015 from Orchard – In February, 14 new lenders submitted profiles to be added to the Orchard originator database.

How OnDeck Plans to Make Alternative Lending a Blue Chip Business from Inc. – Good profile of OnDeck and their goal to make alternative lending mainstream.

The Harmoney Story from P2P-Banking – I like the Harmoney guys out of New Zealand – here is their story.

Dealstruck Offers New Financing Product with Inventory Line of Credit from Crowdfund Insider – Dealstruck announces the launch of its newest financing product.

Trillion-Dollar Alternative Lending Industry Is A VC Gold Mine from TechCrunch – In the first 2 months of 2015, VCs committed $340 million for lending startups.

Wall Street is hogging the peer-to-peer lending market from Quartz – This is not news to most of us: Wall Street loves p2p lending, but small investors can still earn good returns too.

30 Peer-to-Peer Lending Experts Reveal Their Top 3 Investing Tips from The Lending Mag – Great advice for investors from 30 of the world’s leading p2p lending experts.

GLIF Acquires Stake in Solar Energy Lender from AltFi – Congrats to Graham and the team at Open Energy Group on their deal with GLI Finance Ltd.

Happy Birthday Zopa, The Inventor Of P2P from Forbes – The world’s first p2p lender, Zopa, turns 10 years old this month.

Lending Club FOLIOfn Secondary Market: Penny Note Strategy based on Lowest Ask Price from PeerCube – Ever wonder about pricing notes for sale on Folio? Here is some in depth analysis.

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.

1099-B Tax Form – Charge Off Reporting – Date Sold – A lively discussion on how to report losses/charge offs on your taxes.

“Missing” Funds – A discussion on how Prosper determines when to count loans in the total account value.

Your Money is Ready to Invest – new time – It seems that funds are getting posted earlier in the day for Lending Club investors.

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Warren Lee
Mar. 7, 2015 10:05 am

It’s an honor to be included in your roundup Peter, many thanks!