Peer to Peer Lending News Roundup – May 17, 2014

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.

Investing in High Yield Corporate Bonds vs. Consumer Loans from Orchard – One of my favorite investments before I discovered p2p lending was high yield corporate bonds – here Orchard compares both investments.

Small business, huge opportunity from San Francisco Business Times – A look at the new lenders offering small business loans including Funding Circle and Lending Club.

My Experience at LendIt 2014 from Peer & Social Lending – Ryan Lichtenwald was one of our volunteers at LendIt, he did a great job, and wrote about his experiences here.

Baidu Unveiled P2P Lending White List Guidelines from TechNode – Baidu is the Google of China and p2p lending sites have to adhere to certain guidelines to be included in to their search engine.

No, Hedge Funds Aren’t Hijacking Peer To Peer Loans, Says Lending Club CEO from Forbes – Renaud Laplanche responds to critics who say Lending Club is being taken over by institutional investors.

German P2P Lending Service Auxmoney Raises 16M US$ Series B from Wiseclerk – The leading German p2p lender just raised another round of finance.

UK & US Peer-to-Peer Regulation: Enlightened Touch vs. Square Peg Round Hole from Crowdfund Insider – A detailed comparison of the regulatory environment between here and the UK.

Eaglewood Capital Management Upsizes Securitization (press release) – Eaglewood Capital have added $47 mllion to their initial $53 million securitization last year.

PRIME is now Automated Investing from Lending Club – Lending Club PRIME is no more, it is now simply called Automated Investing.

Lending Club Business Loans: Low Rates & Easy Terms from LendingMemo – Simon goes in depth here with Lending Club’s small business loan program.

Marshall Wace to IPO Peer-to-Peer Lending Fund from The Wall Street Journal – The world’s first publicly listed p2p lending fund is about to launch in the UK.

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.

No best loans on LC platform – are you serious? Renaud Laplanche made this statement in the Forbes article above that provoked a good debate here.

PRIME Rebranded as “Automated Investing” – Discussion of the change this week at Lending Club where they rebranded PRIME.

Percentage of X note(s) did not issue – New investors are often surprised by the number of notes they invest in that do not issue.

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Bruce Cornelius
May. 18, 2014 2:57 pm

Just a friendly poke; the (recently dated) article on peer to peer lending talks about Endurance Lending Network and Circle Bank. Neither of which exist anymore. Endurance bought; Circle closed from what I see in search results

Bruce cornelius
Jun. 16, 2014 4:43 pm

I’ve now applied to and gotten to understand each if the nascent players in peer to peer small business lending that your blog follows including others not followed. Many are quite dis organized and inconsistent in their underwriting guidelines. The slick web sites and applications like reveal an ugly truth: They’re too immature at this stage and quickly turn into an offline, documentation heavy credit process reminiscent of mortgage lending in the 1990s before the internet or any technology. Just one stood far far above the rest (Kabbage), which delivered a outstanding beyond-my-expectations experience – and a real loan. The current names (in P2P) make the SBA and traditional banks looks like rocket scientists and Olympic speed champions