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.
Prosper, a Peer-to-Peer Lender, Raises $70 Million from The New York Times – Coverage of Prosper’s recent funding round that was announced on the eve of LendIt 2014.
Lending Club teams up with Union Bank as capital floods into online lending from San Francisco Business Times – Detailed look at the new alliance between Lending Club and Union Bank.
Kabbage Grows: The Online Platform For Small Business Loans Raises Another $50M from Techcrunch – Kabbage raises a Series D round of equity financing.
Pioneering peer-to-peer lending from CNBC (video) – Aaron Vermut, CEO of Prosper, interviewed on CNBC, discussing the rapid growth at Prosper.
Lending Club’s Renaud Laplanche Can’t Stop Working from Techcrunch (video) – After his keynote at LendIt in San Francisco Renaud Laplanche appeared the next day in New York at Techcrunch Disrupt NY 2014.
P2P lending service Bondora is now authorised and regulated by the UK Financial Conduct Authority from Wiseclerk – Bondora becomes the first international p2p lender to be authorized to operate in the UK.
VC Charles Moldow on why peer-to-peer lending will hit $1 trillion by 2025 from Silicon Valley Business Journal – Charles Moldow believes that new marketplace lenders will steal a 25-30% market share from the big banks in the next 10 years.
Lending Club helps payoff personal debt from CNBC (video) – Renaud Laplanche was on Squawk of the Street this week talking about the Union Bank partnership.
Banks, hedge funds push into peer-to-peer lending from SFGate – Comments from the leaders of Prosper and Lending Club on the impact of institutional investors on their platforms.
4 Things I Learned By Missing LendIt 2014 from P2P Lending Advice – This blogger missed attending LendIt 2014 in person but followed along online and shared some lessons here.
Eaglewood Capital Management Receives 2014 LendIt Innovator of the Year Award (press release) – Announcing the winner of the first ever LendIt Innovator of the Year Award.
The Intrinsic Humanity of the Online Lending Revolution from LendingMemo – Great writeup on LendIt 2014 from Simon Cunningham who brings his unique perspective to the community.
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.
Downloading Lending Club Statements in Excel Format? – Can you download your Lending Club statement in Excel? Not really but this thread will provide some help.
Money in both worlds? – Who has money in both Lending Club and Prosper?
FICO Score for LC Data – If you are not logged in when you download LC loan data you do not see FICO score.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.