Retail investors who are looking for a more hands-on approach to investing in p2p lending have used third party automation tools for portfolio management, analytics and order execution. BlueVestment is among the favorites and today is releasing both a new user interface to their users and their new proprietary scoring model, BluePicks. They also recently merged with Interest Radar, another third party tool that has been in this space since the early days. I spoke to Jon Pildis, Director of Business Development at BlueVestment and Nathan Marcos, Founder of BlueVestment to learn more about these recent developments.
Merger With InterestRadar
Last month, BlueVestment and Interest Radar announced that they were merging. They will operate under the combined entity, BlueVestment, LLC and will continue their focus on Lending Club. Jon acknowledged that Interest Radar had many features that are currently not available in BlueVestment and that to maintain their commitment to their current subscribers, Interest Radar will continue to operate as they take an estimated 3 months to build out the functionality within BlueVestment. Combining the user base and new functionality, along with the development experience of Ricardo Basto (Interest Radar’s founder) will solidify BlueVestment’s place among the top third party tools available. [Read more…]