Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.
There were several big new stories this week. Funding Circle, a p2p lender in the UK specializing in small business loans, raised £10 million from some big name venture capitalists. Wiseclerk was the first out with this story which was also covered by most of the financial media in the UK. Speaking of the UK, the Financial Times (FT.com) had an interesting article about the government there looking to get involved in small business p2p lending. It wasn’t clear exactly what that would mean but it is an idea that is certainly interesting. In the U.S. we had President Obama signing the JOBS Act into law that will allow crowdfunding for small businesses and finally there was the launch of a new student loan p2p lending site. Enjoy your weekend.
Fox5 San Diego (video) – Peer to Peer Lending
New York Times: Obama Signs Bill to Promote Start-Up Investments
Lending Club Experience – Lending Club Chrome Extension: Buying FolioFN Notes
Yahoo Finance UK – We don’t need the banks: Why Zopa, RateSetter and Funding Circle are the future of banking
Investor Junkie – Lending Club (April 2012 Update)
US News – The Passive Income Snowball
FT.com (UK) – City moves in on peer-to-peer lending
Lucrative Lending – Prosper Loan Investment Strategy for Beginners: Follow the Leader
Financial Reader – Make Your Money Work for You with Peer-to-Peer Lending
Bitter Wallet – Who’s the winner in the new peer-to-payday loans genre?
Marketplace – New social finance site for student loans
Wiseclerk – Funding Circle Raises 10M
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.