Lending Club
After Google: Analyzing the P2P Lending Market
Lending Club’s $125 million investment round led by Google proves something most investors and financial professionals already knew: P2P lending is the dominant and most profitable force in the crowdfunding space. By analyzing recent news and valuations, it becomes quite clear that funding directed toward P2P lending platforms eclipses the combined funding for all non-debt [...]
Lending Club Appoints Former Visa President as Director
Lending Club Appoints Former Visa President as Director (via PR Newswire) Hans Morris joins John Mack, Mary Meeker and Lawrence H. Summers on credit platform’s board of directors SAN FRANCISCO, Feb. 28, 2013 /PRNewswire/ – Lending Club (http://www.lendingclub.com) announced today that former Visa Inc. President Hans Morris has joined the company’s board of directors as…
Lending Club Opens Low-Interest, Fixed-Rate Personal Loan Platform to Tennessee Residents
Lending Club Opens Low-Interest, Fixed-Rate Personal Loan Platform to Tennessee Residents (via PR Newswire Download image SAN FRANCISCO, Feb. 7, 2013 /PRNewswire/ – Lending Club (http://www.lendingclub.com) today announces that the leading platform for investing in and obtaining personal loans is now open to borrowers in Tennessee. Applicants with good-to-excellent credit may apply for an unsecured personal…
Lending Club Named to Forbes’ “America’s Most Promising Companies” List for Second Consecutive Year
Lending Club Named to Forbes’ “America’s Most Promising Companies” List for Second Consecutive Year (via PR Newswire) Credit platform rises to No. 12 spot Download image SAN FRANCISCO, Feb. 6, 2013 /PRNewswire/ – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, today announced it has been named to Forbes’ America’s Most [...]
Search for higher investment yields leads to growth in peer-to-peer lending
Search for higher investment yields leads to growth in peer-to-peer lending (via GlobalPost) Some investors have begun lending their own money out in the hopes of finding higher yields through unconventional means. Jeff Cox, CNBC The quest for yield is sending investors into some unusual places, with some even turning to lending out their own [...]
Lending Club Expands into Indiana after Reaching $1 Billion in Loans
After Reaching $1 Billion in loans issued in November 2012, Lending Club was excited to announce last week that they will be expanding into Indiana. Indiana will become the 43rd state that Lending Club is available in. Below is the December 6th press release issued by Lending Club: “SAN FRANCISCO, CA – Dec. 6, 2012 [...]
Lending Club APRs Drop
P2P lending is on pace for a huge August as loan volumes increase and interest rates drop. Here is the press release: (PRWEB) August 10, 2012 — The Loan Sheet’s Peer Lending Pulse reports that APRs for peer-to-peer lending platforms dropped this week, while loan volume is on pace for another record month. Lending Club, [...]
Former Visa and Morgan Stanley Executive Tapped To Be Lending Club’s Chief Technology Officer
John MacIlwaine has been chosen by Lending Club to lead credit platform’s technology initiatives and support continued growth trajectory. Here is the press release: SAN FRANCISCO – July 31, 2012 – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, announced today the appointment of technology veteran John MacIlwaine as the [...]
Peter Thomson Provides Additional Investment For Lending Club’s LC Advisors Fund
An additional investment in LC Advisors, a wholly-owned subsidiary of Lending Club, has been provided by Peter J. Thomson, chairman of Thomvest and director of Thomson Reuters Corporation. Here is the press release: SAN FRANCISCO – July 19, 2012 – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, today announced [...]
Lending Club Attracts New Investments And Appoints New Director
Kleiner Perkins Caufield & Byers makes a substantial investment in Lending Club and Mary Meeker joins company’s board of directors. Here is the press release: SAN FRANCISCO – June 7, 2012 – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, announced today a $15 million equity investment from Kleiner Perkins [...]
Lending Club’s $1 Billion Shelf Registration Statement Declared Effective
Lending Club commences its $1 billion note offering after its shelf registration statement is declared effective by the Securities and Exchange Commission. Here is the press release: SAN FRANCISCO, CA – April 10, 2012 – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, announced that its $1 billion shelf registration [...]
Lending Club Announces More Than $500 Million In Loans Originated
Lending Club has released a statement announcing that the company has originated over $500 million in loans since the company’s inception. Here is the press release: SAN FRANCISCO, CA – February 02, 2012 – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, today announced that $500 million in loans have [...]
Lending Club Taps Former Morgan Stanley CEO For Board Of Directors
Lending Club has announced the appointment of Mr. John J. Mack to the company’s board of directors. Here is the press release: SAN FRANCISCO, CA – April 12, 2012 – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, announced today that Mr. John J. Mack has joined the company’s board [...]
Lending Club Issues New 10-Q Form
Lending Club issued an updated 10-Q statement with the SEC last week. Here’s the text: (EDGAR Online via COMTEX) – Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Consolidated Operations In addition to historical information, this quarterly report contains forward-looking statements that involve risks and uncertainties that could cause actual results [...]
Lending Club Surpasses $500 Million in Loan Originations, Prosper Tops $300 Million
The peer-to-peer lending industry in the United States is continuing its upward trajectory with Prosper and Lending Club now having facilitated a total of $800 million in loan volume. Lending Club surpassed $500 million in loan originations this week and Prosper topped $300 million in loan volume earlier this week. Both companies had a strong [...]
Prosper and Lending Club Facilitated $40 Million in Loans in December
Prosper and Lending Club facilitated a total of $40.5 million in loans between borrowers and investors during the month of December, marking the strongest month in U.S. peer-to-peer lending history. Lending Club lead the way, issuing $31,007,025 across 2,267 loans. This is the first month where Lending Club issued more than $1 million in loans [...]
Lending Club Waives Fees on Large Loans
Lending Club announced that it would be waiving its 1% service fee on notes associated with loans of $20,000 or more for a limited time. Lending Club explained the move on its website, “Larger loans need to attract investments more quickly than small loans in order to fund in the time available. So for a [...]
How to Develop a Solid P2P Lending Investment Strategy
As my peer-to-peer lending investment portfolio continues to outperform my stock portfolio, I’m increasingly convinced that putting some money into peer-to-peer lending is a good idea for just about every investor that meets Prosper and Lending Club’s suitability guidelines. I’m currently getting a 13% net annualized return (NAR) on my Lending Club notes, far better [...]
Evaluating the Success of my Lending Club Strategies
When I started the Great Lending Club Experiment earlier this year, I laid out several strategies that I have since implemented in the form of portfolios on Lending Club. So far, it’s been pretty difficult to measure the success of the various strategies that I’ve been using because Lending Club doesn’t provide any great tools [...]
P2P Lending Wealth System Video Series Now Available
Peter Renton, founder of Social Lending Network, has launched a new video training series for peer-to-peer lending investors called the P2P Lending Wealth System. The $97.00 video series consists of eight video modules. There are three videos that introduce the concepts of peer-to-peer lending, discuss what risks are involved and what you need to know [...]
So far no one has lent me any money. I have noticed however that pretty much no one has been ...
P2P lending is heating up! These early companies exploring the platform will be very successful. I'm Impressed