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Peer to Peer Lending News Roundup – April 13, 2013

April 13, 2013 By Peter Renton Leave a Comment

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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.

Lending Club Borrower’s Income Verification, Loan Issued Year, and Initial List Status from Random Thoughts – Lending Club is verifying income on more than 50% of loans issued in 2013 – the most ever.

$10,000 P2P LendingClub & Prosper Loan Portfolio Update – April 2013 from My Money Blog – This blogger invested $5,000 each in Lending Club and Prosper at the same time and is reporting his progress.

Peer-to-peer lender plans to corner small and medium-sized enterprises market from Express (UK) – Funding Circle plans to provide 20% of all small business loans in the UK within 5-10 years.

How Hedge Funds Are Slowing JOBS Act Rules for Small Businesses from Businessweek – Many people do not know that a key part of the JOBS Act is a lift on the ban on general solicitation for private placement funds, something that has been in place since 1933.

Updates to NSR Alerts – Now With Prosper Support from Nickel Steamroller – Investors can now receive Nickel Steamroller’s regular email alerts from Prosper as well as Lending Club.

Quarterly Lending Update // 16.88% ROI from LendingMemo – Another portfolio update from a Prosper and Lending Club investor.

New Investment Fund Focussing on Investing in Global P2P Lending from Wiseclerk – A new fund based in Europe is investing with p2p lending platforms around the globe.

Lending Club Profits and Your Taxes from Mr. Money Mustache – How this leading blogger is doing his Lending Club taxes.

Portfolio Update April 2013 from Nickel Steamroller – It looks like this was the week for portfolio updates – here is Nickel Steamroller’s update on his Prosper and Lending Club investments.

U.S. Leads World In Burgeoning Crowdfunding Trend from Forbes – While I wouldn’t include Lending Club as part of crowdfunding the whole alternative lending space is booming.

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.

Selling notes on FolioFN – A newbie to selling notes on Folio seeks and receives advice on how to price notes for sale.

Poll: Time spent on investing at Lending Club and Prosper.

Collective or Partnership Investing – Discussion about investing on behalf of friends and family.

Filed Under: Peer to Peer Lending

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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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