I first chatted with Michael Phillips, the founder of NickelSteamroller.com back in 2011. He talked about wanting to create a resource site for investors that would allow anyone to easily analyze the loan history of Lending Club. NickelSteamroller.com was born and I became one of its biggest fans.
Michael joined up with Rocco Galgano, the creator of Prosper-Stats.com, in 2013 and together they have made NSR (as it has become known) into the industry’s number one resource and analytics site for Lending Club and Prosper investors. They also created the first third party order management system in the industry – something that I have been using for my P2P lending investments since 2012.
For years Michael and I have talked about combining our efforts in some way but we didn’t get serious until after LendIt last year, when both the Lend Academy Investments and Nickel Steamroller teams all met in person for the first time. Last month we closed on a deal that merged these two companies.
Introducing NSR Invest
The merger of Lend Academy Investments and Nickel Steamroller has created NSR Invest. We feel that this merger will create a stronger company and one that provides a more complete set of services for all P2P lending investors, with a definite emphasis on the retail investor.
NSR Invest will offer products for three different kinds of clients: [Read more…]