Peer to Peer Lending News Roundup – March 29, 2014

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.

Realty Mogul Raises $9M as Real Estate Crowdsourcing Turns Into Hot Property from The Wall Street Journal – The big news of the week was the $9 million Series A raise by Realty Mogul.

Q&A with Alex Tonelli of Funding Circle USA from BlueDun – In this extensive interview Alex Tonelli gives details of the Funding Circle USA model and growth plans to attack the $250 billion small business loan market in this country.

Startup Financial Services Companies Come Of Age from Techcrunch – Many new companies like Lending Club and OnDeck Capital are becoming established players in financial services.

Frustrated With Your Bank? Lending Club to Make Business Loans from Inc. Magazine – Small business owners have many online options available today to apply for a business loan.

Portfolio Composition from Orchard – Interesting post about the different approaches investors can take with p2p lending.

A Craigslist for lenders and borrowers from MarketWatch – In this article Ron Suber of Prosper predicts that the future of p2p lending is at the point of sale.

Prosper Gives Back: Thanks from the Prosper Team from Prosper – This coming week Prosper will cross $1 billion in total issued loans and they are giving away $1,000 to a borrower and an investor every day for two weeks.

Millennium Trust Company’s IRA Custody Solution Now Available to Peer-to-Peer Investors on Prosper (press release) – You can now open a Prosper IRA through Millennium Trust.

If it’s A-Rockin’, don’t come A-Knockin’ from – Interview with Cormac Leech of Liberum Capital who was just recently on the Lend Academy Podcast.

Crowdfunding and Peer-to-Peer Lending: Financing Your Business Endeavors from Small Business Trends – The interesting part of this short article is that it was written by the US Small Business Administration.

How new Peer-to-Peer ISAs could double your returns from BBC News – Some great coverage for the UK p2p lending industry with this detailed article about ISAs.

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.

So Many Loans! – The last couple of weeks has seen a surge in the number of loans available to investors at Lending Club.

Looks like I’ll be speaking (briefly) at LendIt 2014. Anyone else going? – Yes, there are plenty of people going to LendIt 2014, we expect over 800 people to attend.

Firesale! – This investor has decided to sell a bunch of loans and invest through one of the funds.


  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media 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.