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.
The big news this week was the Lending Club announcement of Larry Summers joining their board. There were at least a dozen articles covering this story, you will find the top five included in this news roundup.
Will lending to a friend take off? from Fortune – More coverage of the Larry Summers story. Also revealed the tidbit from Renaud Laplanche that LC expects institutional investors to reach 70% of total investment soon.
Lending Club CEO eyes IPO in 18 to 24 months from San Francisco Business Times – Mark Calvey has been covering p2p lending for quite some time and he revealed several nuggets not available elsewhere, such as Larry Summers has been investing with Lending Club for a couple of years.
Still having trouble with Foliofn – This thread has been going on for a couple of weeks now and there have been some interesting comments including one user who has written a script to help make Folio more usable.
Account Total for IRR tracking – I have always maintained that it is important to know your real rate of return, this thread explains how a couple of different investors do it.
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.