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.
Loans That Avoid Banks? Maybe Not from The New York Times – Thorough and well-researched article by Amy Cortese on the current state of the p2p lending industry.
Online lenders and the evolution of banking from Crain’s New York Business – Great article on the impact the online players are having on small business lending.
Anatomy of an Auction from Orchard – A look behind the scenes at those times when Lending Club and Prosper release new loans.
Challenge to banks as lending goes social from Tech Central (South Africa) – Profile of the South African p2p lending market featuring Rainfin and Lendico.
Early Repayment of Loans and Impact on Lenders’ Yield at Lending Club from PeerCube – An in depth analysis of the impact and timing of when loans are fully paid.
Interest Rates and Fees on Lending Club & Prosper Loans from LendingMemo – How Lending and Prosper make money and what it means for borrowers.
Why Starting a Loan Business During the Recession Wasn’t a Terrible Idea from Fast Company – I learned a few things in this article about the early days at Lending Club.
LendIt 2014: Why I Can’t Wait from Birchmere Advisors – This LendIt attendee is very excited about coming to LendIt 2014.
Prosper Hits Another Record: $100 Million in April Originations from Prosper – Prosper CEO, Aaron Vermut, reflects on their record month in April and what it means to the company.
International P2P Lending Services – Loan Volumes April 2014 from Wiseclerk – The monthly origination numbers from the European p2p lenders.
Startup Spotlight: LendingRobot simplifies peer-to-peer lending for investors from Geekwire – A review of the automated investor tool LendingRobot.
To Borrow Is Human, To Lend Divine from Equities.com – A look at the many recent developments in this rapidly changing industry.
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.
Interest & Charge-off Rate Changes – As they do from time to time Lending Club changed their interest rates this past week.
Thought Experiment for Folio Traders – What would happen if Lending Club made all sales information on Folio public?
Folio API – This question gets asked pretty regularly. There is no official API for Folio but some people still automate their investing.
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.