peer2peer lending

China Ponzi Scheme: Police Crack Down on Shanghai Lender, Wealthroll

May 16, 2016
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Chinese police have been ordered to shut down illegal online lending sites and take swift action against suspects.

P2P Insurance Startup Lemonade Hires Behavioral Economist, Dan Ariely

February 24, 2016
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Ariely will serve as the startup’s chief behavioral officer where he will design systems using his research to mitigate risks and ensure to align the interests of both the insurers and the insured.

Investing in the Industry: Break Out of Your Bubble

June 29, 2015
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This story appeared in deBanked’s May/June 2015 magazine issue. To receive copies in print, SUBSCRIBE FREE Even if you’re already working in alternative lending and know a lot about your particular area, the industry is growing by leaps and bounds and you might be feeling a little overwhelmed by the multitude of investment opportunities. Amid […]

Would You Bet Your Retirement on Consumer Loans?

March 12, 2015
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I like Lending Club. I have a rather sizable portfolio of their notes. I’m also long-term bullish on platform lending in general, at least long-term enough to feel confident to buy 3 and 5 year notes (and who knows how much things will change by 2020!). There are limits of course to my optimism. The […]

Lending Club (LC) Q4 Earnings Call

February 23, 2015
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The first company to bring platform lending into the public eye will release their 4th Quarter and 2014 earnings on Tuesday, February 24th at 5pm EST. Anyone can join the live webcast by clicking here. If not by a computer, you can also dial in by phone at 888-317-6003. Use conference ID 4117710 ten minutes […]

Lending Club’s Site Went Down

December 3, 2014
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A week away from IPO day, Lending Club is undergoing a supposed unannounced mid-day prolonged “upgrade”. There is no word about it on their twitter account. As many probably know, this down time coincides with one of the day’s four normal feeding times when fresh loans are loaded onto the platform in bulk. Are they […]

Keeping Lending Club (and others) Honest

October 19, 2014
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Is Lending Club staying honest?

Now that institutional money is flowing into the alternative lending industry, some retail investors are starting to express concern that the rules are changing. Lending Club for example is no longer considered a peer-to-peer lending platform, but rather an online credit marketplace. Investors don’t exactly make loans to individuals in that marketplace, but that’s sort […]

Lending Club IPO: The Mirage of Diversifying

September 1, 2014
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eggs in one basket

Behold, the fool saith, “Put not all thine eggs in the one basket” – which is but a matter of saying, “Scatter your money and your attention”; but the wise man saith, “Pull all your eggs in the one basket and – WATCH THAT BASKET. – In Pudd’nhead Wilson by Mark Twain Is peer-to-peer lending […]

Are We in a $300 Billion Market?

August 7, 2014
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stacking turf war

Earlier today on a large group conference call with Tom Green and Mozelle Romero of LendingClub, I learned a few more details about their business loan program. In the Q&A segment, one attendee came right out and asked if they believed their competition was merchant cash advance companies and online business lenders. According to Green, […]

Suspicious Listing on LendingClub

August 4, 2014
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LendingClub Breaking Bad

While perusing LendingClub’s loan platform today, I came across a highly suspicious borrower. It’s member loan #23954784 who is currently a lab assistant in Albuquerque, NM. The reason for the loan request? “Other”. This is what I suspect behind the scenes:

LendingClub Anti-Money Laundering: Too far?

July 16, 2014
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money laundering

Perhaps as part of wider governmental banking pressure, p2p platform LendingClub has instituted a new controversial Anti-Money Laundering policy. The new rule is that you can only connect your investment account to 1 bank account for deposits. This isn’t a technical limitation since as of recent, you could update your bank information at any time. […]

Is Awareness of Alternative Lending Still Low?

July 4, 2014
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are borrowers aware?

Prosper’s President Ron Suber and LendingClub’s CEO Renaud Laplanche have previously explained that there is still a large opportunity for growth because most people still don’t know non-bank lending options exist. As cited on LendingMemo, Renaud Laplanche admitted the reason they are even considering an IPO is “to use it as an opportunity to raise […]

Exponential Finance

June 15, 2014
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DailyFunder Exponential Finance

Last week, DailyFunder was a media sponsor of Exponential Finance presented by Singularity University & CNBC. It was a totally different atmosphere from some of the other events I’ve been to this year already (Transact 14, LendIt, etc.). In the upcoming July/August issue of DailyFunder magazine, I’ve got a column that summarizes the event that […]

LendIt Conference: The State of Alternative Business Lending

May 6, 2014
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LendIt Panel

Have you heard? Banks aren’t lending. Nobody at LendIt seems to mind though. Ron Suber, the President of Prosper Marketplace, said earlier today that banks are not the competition. That’s an interesting theory to digest when contemplating the future of alternative lending. If banks are not the competition, then who is everyone at LendIt competing […]

Is Alternative Lending a Game of Thrones?

April 8, 2014
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Funding Kings

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it […]

Merchant Cash Advance Syndication: Crowdfunding?

March 28, 2014
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merchant cash advance syndication

You might not have known this, but one of the most lucrative opportunities in merchant cash advance is the ability to participate in deals. It’s a phenomenon Paul A. Rianda, Esq addressed in DailyFunder’s March/April issue with his piece, So You Want to Participate? Syndication is industry jargon of course. You probably know the concept […]

Will Peer-to-Peer Lending Burn the Alternative Business Lending Market?

January 12, 2014
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For months I’ve been saying that peer-to-peer lenders will be companies to look out for, the latest being on December 29th. Lending Club fully intends to make the leap from consumer lending to business lending which may possibly pit them against the world of merchant cash advance. In this video, a Bloomberg reporter asks OnDeck […]

2014 Starts off With a Case of Red bull

January 10, 2014
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business lending red bull

Woah, slow down there fellas. Let us digest one thing at a time. We’re not even 2 weeks into the new year and already we’ve learned that: CAN Capital raised another $33 Million (but that they didn’t need it?) Merchant Cash Advance was the the feature story on the front page of the Wall Street […]

Merchant Cash Advance Term Used Before Congress

December 18, 2013
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capitol building

I’d like to think that the term, merchant cash advance, is mainstream enough that a congressman would know what it was. I have no idea if that’s the case though. What I do know is that Renaud Laplanche, the CEO of Lending Club gave testimony before the Committee on Small Business of the United States […]

The Economics of Lending: Money vs. Goods and Services

May 21, 2013
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money exchange

If I were to offer you the choice between a free DVD with a retail value of $20 or a free $20 bill, which one would you take? Unless the DVD was something you were going to buy anyway or unless it was a rare item that is hard to find, you’d probably accept the […]