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NSR Invest and LendingRobot Merge to Become Largest Robo-Advisor in Marketplace Lending

Two technology platforms which help investors access the alternative lending space are merging.

August 10, 2017 By Ryan Lichtenwald 6 Comments

Views: 458

When it comes to investing in the marketplace lending space, many individual investors have relied on various tools to help direct their investments. The two most popular tools for investors are NSR Invest, a sister company to Lend Academy and LendingRobot. For many years the companies competed for the same customers, offering slightly different solutions to their investor base. Today it was announced that the two companies are merging with Lend Core LLC (parent company to NSR Invest) acquiring Algorithmic, Inc which includes LendingRobot and all of its assets. The resulting company will be the largest robo-advisor in marketplace lending.

I spoke with Emmanuel Marot, co-founder and CEO of LendingRobot and Bo Brustkern, co-founder and CEO of NSR Invest to learn more about the deal. The combined company will have more than 8000 clients and $150 million in assets under management. Combined, the platforms see more than 20 sign ups per day. Brustkern will be leading the new entity as CEO and Marot will continue as a special advisor to the combined entity.

Bo Brustkern stated:

We are excited about joining forces and providing a unified solution. We used to compete, but the companies are now aligned. Being one team puts us in a better position for the future and solidifies our position in the market.

For now, NSRInvest.com and LendingRobot.com will operate separately, but the team aims to combine the best of what each platform has to offer. Brustkern and Marot stated that they plan to streamline the investment fund offerings for accredited investors with the LendingRobot Series fund being the focus going forward. We covered LendingRobot’s launch of this fund offering earlier this year. Both agreed that the flexibility and simplicity of the Series offering make it a compelling option for investors.

For self-directed investors including non-accredited investors, both LendingRobot Classic and NSR Invest’s offering will continue to be offered. LendingRobot Classic is for individuals who value simplicity while NSR Invest is for those who like to backtest and create their own investment criteria. Both self-directed options are 45 bps, NSR Invest’s fully managed option is  60 bps, and the LendingRobot Series fund charges a 1% fee.

While the merged company will continue to serve individual investors, they are open to institutional investors to help guide investments into alternative lending. Brustkern stated that they will be much better positioned going forward to address the needs of larger investors.

Conclusion

As any new industry matures consolidation is inevitable. In this case, the two leaders are merging to create the largest registered investment advisor serving retail investors in marketplace lending. It ensures the future of options for the retail investor, something that we at Lend Academy believe is important for the industry. Both Brustkern and Marot were happy to announce that the new entity will be profitable. Once the two firms are integrated, they plan to explore other opportunities to serve investors.

The support team is happy to answer any questions investors may have either in the comments section or via email.

Filed Under: Peer to Peer Lending Tagged With: lendingrobot, merge, NSR Invest

Views: 458

Comments

  1. Rob L says

    August 10, 2017 at 9:52 am

    Very best luck to you all!

    Reply
    • Bo Brustkern says

      August 10, 2017 at 11:34 am

      Thank you! We are all very excited for what is to come!

      Reply
  2. Homero Garza says

    August 10, 2017 at 1:54 pm

    I hope the fees decrease

    Reply
  3. Jay Patel says

    August 10, 2017 at 2:06 pm

    Great news!! Wish you’ll very best and bright future together!

    Reply
    • Bo Brustkern says

      August 10, 2017 at 5:24 pm

      Thank you Jay!

      Reply
  4. Emmanuel says

    August 10, 2017 at 4:26 pm

    Thanks!

    Reply

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LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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