Marketplace Lending News Roundup – July 18, 2015



During the week I share the latest marketplace 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.

Prosper Opens for Business to Investors in Indiana from the Prosper Blog – Good news from Prosper today – they are open to Indiana investors now.

Welcome to ‘the biggest change in banking for 400 years’ from Newsweek – From the European version of Newsweek a primer on how marketplace lending is changing banking.

Innovative Finance Isas: what you need to know about IFIs from The Week – Digging in to the ISA that was announced in the UK budget a couple of weeks ago.

Welcome Arkansas, Iowa, and Oklahoma Investors! from the Lending Club Blog – Lending Club adds three new states Arkansas, Iowa and Oklahoma.

Pave Goes Nationwide with Lending Targeted Towards Millennials from Crowdfund Insider – Pave has rolled out their lending program nationwide after a successful New York pilot.

Sign Up for Lendit Europe Conference in London in October from P2P-Banking – Claus from Wiseclerk shares his thoughts on this year’s LendIt Europe conference.

My Returns at Lending Club & Prosper for 2015Q2 – 13.3% ROI from LendingMemo – Simon shares his latest quarterly returns for Lending Club and Prosper.

Realty Mogul Raises $35M For Its Real Estate Investment Marketplace from TechCrunch – One of the first real estate platforms has just closed a large round of funding.

UK Peer To Peer Finance Breaks New Record from Forbes – The top 8 platforms in the UK lent over £500M in the 2nd quarter.

Is It Time to Get Rid of Banks? from Discovery News – Would we need banks if we went to an all electronic currency? We may find out some time soon.

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.

Good News for LC Algorithm-style Investors – Lending Club pushes back the removal of some credit attributes that were originally planned to be removed late 2014.

Annualized Return doesn’t make sense – A new lender asks about calculating annualized returns.

Grace Period Track Record – Investors discuss tracking when notes go into grace period. The discussion then moves to talking about various online lending platforms and the verification on borrowers.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, 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.