Here are some of the latest peer-to-peer lending and financial innovation stories from around the web:

  • Roundup of Social Lending News – May 18, 2012 – I am a day early with my weekly news roundup this week because I am heading off on vacation with my family for a few days. But here is the major news of the past week that I shared on Twitter. We had many blogger updates this week and we also saw not one but…
  • Small Business Spotlight: Precious & Few – Entrepreneurs everywhere are turning to Prosper.com to start or expand their small businesses. Online retailers in particular are growing rapidly – and they are increasingly finding financial solutions to their challenges with Prosper.com.

    Kathleen is the owner of Precious & Few, an online retailer of infant wear designed to be handed down through generations. Passionate about…

  • Prosper Announces the Creation of Bankruptcy Remote Entity – In their latest quarterly report (Form 10-Q) just filed with the SEC Prosper shared a fascinating tidbit of information. They announced the creation of a new entity called Prosper Funding LLC. Here is the relevant piece from the 10-Q filing: In February 2012, we formed Prosper Funding LLC, a Delaware limited liability company (“PFL”). We…
  • Squirrl Launch – Secured Loans to Suppliers – Exclusive breaking news: In the UK Squirrl.com launches today. Squirrl provides an online finance platform for well established commercial organisations (Suppliers) that have a business model where assets are provided to their customers and paid for over a period of time through Pay for Use Agreements.  Examples are the motor industry, industrial machinery, office equipment…
  • An Apples to Apples Default Rate Comparison – One of the problems with comparing default rates at Lending Club and Prosper is that you are really comparing apples with oranges. What do I mean by that? Each company has a completely different underwriting model and they grade loans differently. Does a AA-grade loan on Prosper match up with an A-grade loan on Lending Club? It…
  • Roundup of Social Lending News – May 12, 2012 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week. This has been a busy week for me with the launch of my new P2P Lending Wealth System…