P2P and Social Lending: Global Trends
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Calculating Return for Lending Club and Prosper

Calculating Return for Lending Club and Prosper | P2P and Social Lending: Global Trends | Scoop.it
For today's post, I want to respond to a reader question. Sean asked:
"Do you have the formula for Excel XIRR? I have two Lending Club accounts, am curious how to maximize returns, and believe cal...
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Great insight into ROI

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LendingClub Fund Has Its Version of June Swoon

LendingClub Fund Has Its Version of June Swoon | P2P and Social Lending: Global Trends | Scoop.it
A fund managed by LendingClub that invests in the company’s online consumer loans expects to report its first-ever negative month, according to investor documents reviewed by The Wall Street Journal.

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Howard Freedland's curator insight, July 7, 10:15 PM
Not surprising to industry insiders, but apparently surprising to LC's BoD and LCA investors, LC admits to prior poor practices at LCA and the LCA Funds.  Since their inception, they have been the repository of loans other investors did not want to purchase and or to "top off" loans that hadn't been fully subscribed for.  This was a key part of LC's strategy to constantly hit their growth targets, especially nearing month-ends.  Now we also know that their loan valuation practices (or default recognition policies) assumed that the performance of the loans in the Funds would mirror the overall pool of LC loans, even though they knew (or should have known) that the performance of these loans would be inferior to the overall pool.  In the past (and before the IPO) a number of investment firms offered to buy LCA.  Renaud always rejected these offers stating that the Funds were critical to the overall strategy of LC.  At least now it is clear why he thought so.  Unfortunately, a short-term strategy to maintain month over month growth and to close the funding of marginal loans seems to be blowing up into yet another significant long-term negative for LC to overcome.  I personally believe that appointing a supervisory board (of people who should have known what was going on all along) will neither satisfy disgruntled investors nor eliminate the problem.
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Goldman Sachs to enter peer to peer or marketplace lending

Goldman Sachs to enter peer to peer or marketplace lending | P2P and Social Lending: Global Trends | Scoop.it
The New York Times Dealbook section published an article yesterday about Goldman Sachs entering the peer to peer, or marketplace lending space. This was re

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Therese Torris's curator insight, June 21, 7:50 AM
difficult to read this other as bad news
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How Wall Street Led LendingClub Into Crisis

How Wall Street Led LendingClub Into Crisis | P2P and Social Lending: Global Trends | Scoop.it
John Mack, a crisp, red windbreaker over his business suit, climbed the dais at the New York Stock Exchange to hail the coming revolution.
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Therese Torris's curator insight, May 21, 2:39 AM
Best account of LC's woes. Bringing into LC exactly those people who shared a huge responsibility for the 2001 and the 2008 crises did help LC grow faster and go public but harmed it badly in the end. Unsurprisingly, these guys come out of the scandal unscathed while Laplanche and second fiddles take the fall. Well done Mack, Meeker and Summers!
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Prosper slashes workforce as US online lenders feel the heat

Prosper slashes workforce as US online lenders feel the heat | P2P and Social Lending: Global Trends | Scoop.it
Jobs, earnings and funding news out of three of America's biggest alternative lending platforms - Prosper, OnDeck and SoFi - is raising concerns abou

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Therese Torris's curator insight, May 4, 12:56 PM
Trouble in crowdlending, Prosper, Lending Club and OnDeck
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Working capital lender Kabbage softlaunches in the UK

Working capital lender Kabbage softlaunches in the UK | P2P and Social Lending: Global Trends | Scoop.it
Banco Santander is to leverage its recent multi-million dollar investment in Kabbage to offer working capital loans to UK small businesses through th

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Therese Torris's curator insight, April 5, 3:45 AM
Competition is hitting up for Funding Circle et al.
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Latvia’s Mintos Scores €2M Investment For P2P Loans Marketplace

Latvia’s Mintos Scores €2M Investment For P2P Loans Marketplace | P2P and Social Lending: Global Trends | Scoop.it
Latvia's Mintos, a fintech startup that operates a p2p loans marketplace to let investors invest in various loans from a growing number of loan originators,..

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P2P Consultants's insight:

Claims to have funded 16M euros of loans todate

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Therese Torris's curator insight, February 23, 5:41 AM

Claims to have funded 16M euros of loans todate

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What Lending Club’s falling share price means for the P2P lending sector

What Lending Club’s falling share price means for the P2P lending sector | P2P and Social Lending: Global Trends | Scoop.it
Lending Club, the largest P2P lending platform in the U.S., has seen its share price drop by more than 50 percent since December 10; the price per share on..

Via Therese Torris
P2P Consultants's insight:
More reasons why the stock is falling
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Therese Torris's curator insight, March 7, 10:20 AM
More reasons why the stock is falling
juandoming's curator insight, March 7, 10:31 AM
More reasons why the stock is falling
CompareLend.com's curator insight, March 18, 5:34 AM
More reasons why the stock is falling
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Fintech Startups and The Future of Banking

Fintech Startups and The Future of Banking | P2P and Social Lending: Global Trends | Scoop.it
Will fintech startups cause the demise of banks or come to their rescue? This was one of the topics debated at The “Future of Banking” event held by The Ec

Via Therese Torris
P2P Consultants's insight:
My latest CI article
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Therese Torris's curator insight, March 16, 3:33 PM
My latest CI article
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5 reasons to invest in Peer-to-Peer Lending - Blog

5 reasons to invest in Peer-to-Peer Lending - Blog | P2P and Social Lending: Global Trends | Scoop.it
The very aim of Peer-to-Peer (P2P) lending is to provide a platform where borrowers and lenders (investors) can be matched directly.
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The State Of P2P Lending

The State Of P2P Lending | P2P and Social Lending: Global Trends | Scoop.it

BitcoinAgile.com - Real-Time News and Live Market Data. The best place to find most recent news on digital currencies. Bringing news to you from more than 3,000 news portals, blogs, forums and bitcoin communities.

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Peer-to-Peer Lending Increases With Mobile Payments and Messaging Apps

Peer-to-Peer Lending Increases With Mobile Payments and Messaging Apps | P2P and Social Lending: Global Trends | Scoop.it

Peer-to-peer (P2P) lending isn't so much about peers anymore. Peer-to-peer lending offers the opportunity to earn eight to 30 percent on loans.

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Breaking the shackles of the big banks

Breaking the shackles of the big banks | P2P and Social Lending: Global Trends | Scoop.it

The chief executive of P2P lender RateSetter Australia, Daniel Foggo, explains why the Australian lending landscape is ripe for disruption from alternative forms of ...

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POS credit startup LoanHero raises $2.5 M

PEHUB:"LoanHero Inc said Wednesday it raised another $2.5 million in seed funding led by Alsop Louie Partners and Mucker Capital. La Jolla, California-based LoanHero, an EvoNexus portfolio company, is an online lender.


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Laplanche talks to investors about Lending Club takeover

Laplanche talks to investors about Lending Club takeover | P2P and Social Lending: Global Trends | Scoop.it
Former Lending Club CEO Renaud Laplanche, who was forced out of the company last month over a loans sale scandal, has been speaking to private equit

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Therese Torris's curator insight, June 9, 4:59 AM
Unlikely but not impossible given the currently low valuation
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Peter Renton : Why I am Keeping My Money in Lending Club

Peter Renton : Why I am Keeping My Money in Lending Club | P2P and Social Lending: Global Trends | Scoop.it
  Emotions are running high right now. After more bad news from Lending Club on Monday afternoon it is understandable that some investors are getting nervous. And not just the investors in Lending Club equity but also investors in Lending Club loans. Since 2010 I have hosted over a half-dozen conferences, produced over 60 podcasts, …

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Therese Torris's curator insight, May 19, 7:36 AM
Not the only one: Lending Club's stock was up 10% yesterday (after loosing 50% before)
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Lending Club Investment Fund Hits Rough Patch | PYMNTS.com

Lending Club Investment Fund Hits Rough Patch | PYMNTS.com | P2P and Social Lending: Global Trends | Scoop.it
The more disclosures that roll out of Lending Club, the more it seems that its board doesn't know. And what it doesn't know is hurting it.

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Howard Freedland's curator insight, May 26, 12:11 PM
Hard to believe that the board of Lending Club (and especially its CFO) didn't "know" that LC Advisers has been practicing negative selection since it was formed. It has been widely known that LC Advisers has always been the buyer of last resort to fill loans that institutional and other better informed investors avoided.  The question is did the investors in LC Advisers know this?
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LendingClub Tumbles After Investors Suspend Debt Purchases

LendingClub Tumbles After Investors Suspend Debt Purchases | P2P and Social Lending: Global Trends | Scoop.it
LendingClub Corp., which plunged 51 percent last week with the surprise departure of its leader and disclosure of faulty internal controls, dropped again Tuesday after saying the scandal prompted investors to suspend debt purchases and spurred a U.S. Justice Department probe.

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Therese Torris's curator insight, May 17, 11:57 AM
Rough times for crowdlending
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Consumer loan technology platform FinanzCheck Closes €33M Funding

Consumer loan technology platform FinanzCheck Closes €33M Funding | P2P and Social Lending: Global Trends | Scoop.it
FinanzCheck, a Hamburg, Germany-based consumer loan technology platform, closes a €33m series C funding round

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P2P & Crowdfunding Likely to be Worth £5 Billion in the UK in 2016

P2P & Crowdfunding Likely to be Worth £5 Billion in the UK in 2016 | P2P and Social Lending: Global Trends | Scoop.it

The P2P and crowdfunding industry was worth £3.2bn in 2015, according to the new University of Cambridge and Nesta report published this week. That sounds


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The limits of LendingClub's business model and why the regulator is displeased 

The limits of LendingClub's business model and why the regulator is displeased  | P2P and Social Lending: Global Trends | Scoop.it

LendingClub's new arrangement with its partner bank is a reminder that FinTech can't disrupt everything.


Via Therese Torris
P2P Consultants's insight:
What's behind the fall of Lending Club
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Therese Torris's curator insight, March 7, 10:17 AM
What's behind the fall of Lending Club
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The State of The Retail Investor in P2P Lending

The State of The Retail Investor in P2P Lending | P2P and Social Lending: Global Trends | Scoop.it

26Shares26Shares Over the last year there have been many developments for retail investors in p2p lending. This is a trend I expect to continue throughout 2016 as investors have more options to access marketplace lending and real estate crowdfunding.

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International P2P Lending Loan Volumes January 2016

International P2P Lending Loan Volumes January 2016 | P2P and Social Lending: Global Trends | Scoop.it

P2P lending loan volume figures for more than 40 marketplaces.

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The State Of P2P Lending

The State Of P2P Lending | P2P and Social Lending: Global Trends | Scoop.it

BitcoinAgile.com - Real-Time News and Live Market Data. The best place to find most recent news on digital currencies. Bringing news to you from more than 3,000 news portals, blogs, forums and bitcoin communities.

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The State Of P2P Lending – Latest Venture news.

The State Of P2P Lending – Latest Venture news. | P2P and Social Lending: Global Trends | Scoop.it

P2P lending became one of the hottest industries in fintech — or any other any industry — in 2015. Companies raised large venture rounds, investors found unicorns and there were even a couple of IPOs.

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Be cautious about P2P lending

Be cautious about P2P lending | P2P and Social Lending: Global Trends | Scoop.it
I refer to Getting A Business Loan In Two Hours (Life, Jan 17), about the new phenomenon of P2P (peer-to-peer) crowdlending, which matches investors with small businesses that need funds.. Read more at straitstimes.com.
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