Companies
New Peer To Peer Lending Company – SoMoLend – Announces Launch
SoMoLend, a peer to peer lending platform for small businesses, announces its official launch and names Keybank as its first official institutional lending partner. Here is the press release: CINCINNATI–(BUSINESS WIRE)–SoMoLend (http://www.somolend.com/), an alternative borrowing platform that offers a new solution for small businesses to obtain the capital they need, launches officially today. SoMo’s software [...]
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 [...]
National Family Mortgage Hits $20 Million Loan Volume
National Family Mortgage, a smaller peer-to-peer lending company that focuses person-to-person mortgages, has reached $20 million in loan volume. Here’s the press release: BOSTON, MA, Feb 01, 2012 (MARKETWIRE via COMTEX) — National Family Mortgage, America’s premier peer-to-peer lending solution for home loans between relatives, today announced that it has passed $20 million in total [...]
Prosper hits $300 Million Loan Mark
Prosper surpassed the $300 million loan volume mark last week. The company issued the following press release: SAN FRANCISCO, CA–(Marketwire – Feb 2, 2012) - Prosper.com, a peer-to-peer lending marketplace for personal loans and investments, announced today that it has funded more than $300 million in P2P consumer loans since inception. The company also announced that it funded [...]
German P2P Lender Auxmoney Sees Growth
Auxmoney, a German peer-to-peer lending company, has seen some significant growth during the last few months. The company issued the following press release today: Düsseldorf, 7. February 2012. auxmoney.com, Germany’s largest internet platform for peer-to-peer loans, is delighted to announce that more than 1.7 million euros of private loans were successfully funded on auxmoney’s proprietary [...]
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 [...]
Business Equipment You Didn’t Know You Could Finance
Leasing equipment for business is hardly new, certainly computers, printers and IT equipment are commonly leased by business owners in order to reduce the upfront costs of purchasing. And with the frequency of updates and new model releases, leasing makes even more sense so that business IT systems don’t become obsolete. However, what many businesses [...]
Prosper Announces IRA Account Option
Prosper is now offering the ability for investors to lend money through Prosper via an individual retirement arrangement (IRA). This will allow investors to invest in peer-to-peer loans in a tax-advantaged manner, which is welcome news considering the poor tax-treatment that peer-to-peer loans receive compared to other investments. Social Lending Network reports that the company [...]
Prosper Hires Auditor to Confirm Investment Returns, Issues Self-Congratulatory Press Release
Prosper is the latest of many, many companies that have paid for an audit or survey aimed at making their business look good. Prosper recently contracted with Ashland Partners & Company LLP to do an “audit” of its investment returns. Although, the audit only confirmed Prosper’s numbers based on the company’s own methodology. The audit [...]
National Family Mortgage Announces Support of “Slash Declare” Movement
National Family Mortgage issued the following press release regarding its support of SlashDeclare, a movement aimed at creating more transparency in the financial services industry. Here’s the text of the release. OSTON, MA, Jan 24, 2012 (MARKETWIRE via COMTEX) — National Family Mortgage, America’s premier peer-to-peer lending solution for home loans between relatives, today announced [...]
Prosper Holding “Pay Off My Debt” Sweepstakes
Prosper is running yet another sweepstakes. This month, the company will give away one $1,000 prize to a contestant that enters their sweepstakes. Prosper uses sweepstakes and promotions, such as this one, to collect email addresses that can later be used for marketing purposes. Anyone interested in registering can do so at http://www.prosper.com/prm/payoffdebt.html. The deadline [...]
National Family Mortgage CEO to Speak at Conference
National Family Mortgage, a peer-to-peer mortgage lending company, CEO Timothy Burke will be speaking at the Real Estate Connect 2012 Conference in New York City, New York, on Friday, January 13, 2012. The company issued the following press release: BOSTON, MA, Jan 09, 2012 (MARKETWIRE via COMTEX) — National Family Mortgage, America’s premier peer-to-peer lending [...]
Prosper Launches Updated Mobile Site
Prosper has released an updated version of its mobile website. The new version of Prosper’s mobile website allows investors to manage their account, invest in listings and add funds to their accounts. Prosper wrote the following on its blog yesterday, “We’re proud to introduce Prosper.com designed specifically for mobile phones, available now for our valued [...]
WikiLoan Now Recruiting Lenders
WikiLoan is now recruiting lenders to fund loans in their peer-to-peer lending service. The company released the following press release yesterday afternoon Los Angeles, CA, January 03, 2012 –(PR.com)– WikiLoan has announced that they have a new opportunity on their peer to peer lending site. The service is now accepting individuals to sign up as [...]
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 [...]
Prosper Launches ‘Fired Up’ Kindle Fire(R) Sweepstakes
Prosper is holding yet-another promotion. This time, individuals that register on Prosper’s website will be entered to win a new Amazon Kindle Fire. This effort, along with Prosper’s previous sweepstakes, is a move by Prosper to add new subscribers to their their email marketing distribution list. Here’s the text of the press release: SAN FRANCISCO, [...]
Zopa Italy Rebrands as Smartika
Zopa and Zopa Italy have ended the franchise agreement which allowed Zopa Italy to use the Zopa branding. As a result, Zopa’s Italy operations will be rebranding under the name Smartika.IT. Smartika CEO Maurizio Sella recently made the following announcement about the name change (this is a rough translation from the original Italian): The franchise [...]
Prosper Pitches Peer-to-Peer Loans as Affordable Alternative to Credit Card Debt
Prosper issued the following press release this morning stating that peer-to-peer loans can serve as a debt consolidation tool to cut the interest rates that borrowers are paying on high-interest credit card debt. Here’s the release: San Francisco – December 20, 2011 – This year, the average consumer will spend $704[i] on holiday related purchases. [...]
Kiva Launches Experimental Direct Microfinance Website
Kiva has launched an experimental website, called Kiva Zip, which will directly facilitate peer-to-peer microfinance loans between lenders and entrepreneurs. Kiva’s original model relies on the use of microfinance institutions, often referred to as MFIs, which serve as intermediaries. MFIs typically serve as a contact person on the ground for a borrower, facilitating the loan [...]
Looks like he includes a section on the Trading Platform, which is foliofn.
Module 3 – Maximizing ROI
Part 1 – ...
How about making one of these to explain foliofn?? I saw your posting about it but it is super confusing. ...
Please explain your last paragraph. If I invest 1000 dollars, why shouldn't I invest in 40 different loans? Isn't that ...