Peer to Peer Lending News Roundup – June 8, 2013

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.

Prosper Kicks off summer with New Records, New Office Space and More from Prosper’s blog – Letter from Prosper’s president, Aaron Vermut, on their very busy month.

Introducing: The Liquidity Project from LendingMemo – Simon is conducting an experiment where he will liquidate $1,000 from both his Lending Club and Prosper accounts on Foliofn and report on the results.

Open Beta – Subscribe Now for Free from P2P-Picks – Very brief announcement from Bryce at P2P-Picks that they are now open for everyone and for now the service is completely free.

Prosper to Deliver Afternoon Keynote at LendIt 2013 (press release) – Ron Suber, Head of Global Institutional Sales at Prosper will be delivering the closing Keynote speech at the LendIt Conference.

NSRP Signup is Now Open from Nickel Steamroller – The new tool that allows automated investing in Lending Club and Prosper is now open to a limited number of investors.

DON’T COUNT THE CROWD OUT YET from – A look at the broad crowdfunding industry and where it is at today.

With rising revenues, Lending Club CEO plans expansion (Q&A) from CNET -An in depth interview with Renaud Laplanche revealing many interesting nuggets of information.

Dealstruck takes on banks with its ‘Lending Club for small businesses’ from VentureBeat – Yet another online small business lender is getting ready to launch.

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.

Discounting Grace/Late Note – Always a popular discussion on the forum – how to price notes that have just gone late.

Re: If loans are auto-payed how do some loans pay in the Grace Period every month? – And more discussion about late loans at Lending Clun.

Selling performing notes – a lot of trading platform discussion this week. This thread discusses the merits of selling performing note.

  • 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.