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Peer-to-peer lending, Crowdfunding
Peer-to-peer lending, Crowdfunding
Curated by Therese Torris
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Curating Peer-to-Peer lending and Crowdfunding news

Curating Peer-to-Peer lending and Crowdfunding news | Peer-to-peer lending, Crowdfunding | Scoop.it

I started following P2P lending as a Forrester Research analyst when Zopa was created in the UK.

 

P2P lending was a buoyant small space. But financial scandals, the resulting economic crisis and favorable regulation in countries such as The US, France and the UK are making crowdfunding, P2P lending and, more generally, the notion of by-passing traditional lenders more and more popular. If you're interested in this topic I recommend http://www.crowdfundinsider.com/ or http://www.lendacademy.com/

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Monica S Mcfeeters's curator insight, January 27, 2013 9:08 AM

Alternatives to big bank and big money investors. This is showing up as a way for emerging film makers and others with ideas, businesses or causes to move forward with the money from crowd funding.

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Lending Club IPO Post Quiet Period Review Profile

Exhaustive review of the Lending Club IPO by FTPartners
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RBS to refer clients to P2P lenders Funding Circle and Assetz Capital

RBS to refer clients to P2P lenders Funding Circle and Assetz Capital | Peer-to-peer lending, Crowdfunding | Scoop.it
Peer-to-peer lenders Funding Circle and Assetz capital are to be the beneficiaries of a new initiative by RBS to refer small business customers turned down for loans by the bank.
Therese Torris's insight:

Old finance meets new finance, a more and more common combination

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Unilend & Groupama Banque Partner Up to finance French SMEs |

Unilend & Groupama Banque Partner Up to finance French SMEs | | Peer-to-peer lending, Crowdfunding | Scoop.it

Unilend, a leading peer to peer lending platform based in France, has formed a partnership with Groupama Banque to channel € 100 million to small and medium businesses over the next four years.

Therese Torris's insight:

Old finance meets new finance, it's a natural entropy and it's better to acknowledge it right away than to pretend it does not exist

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My Returns at Lending Club & Prosper for 2014Q4 – 12% ROI

My Returns at Lending Club & Prosper for 2014Q4 – 12% ROI | Peer-to-peer lending, Crowdfunding | Scoop.it
A breakdown of my personal Lending Club and Prosper investments for the last quarter of 2014. Combined ROI of 12%.

Via P2P Consultants
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P2P Lenders on Value Proposition, Credit Underwriting & Global Expansion

P2P Lenders on Value Proposition, Credit Underwriting & Global Expansion | Peer-to-peer lending, Crowdfunding | Scoop.it
Cormac Leech’s interview with P2P lenders at Lendit Europe covered a variety of hot topics in the emerging area of marketplace lending. Top lenders featured at the panel included ThinCats (Kevin
Therese Torris's insight:

A bit old news but interesting panel

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Landbay a UK P2P Property Lending Platform

Landbay a UK P2P Property Lending Platform | Peer-to-peer lending, Crowdfunding | Scoop.it

UK based Landbay has joined the Peer to Peer Finance Association (P2PFA) becoming the latest member to adhere by the standards set by the advocacy group. Platform founded in March 2014

Therese Torris's insight:

P2P property lending is a new trend in P2P lending

 

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Risk Mitigation at UK P2P lenders - Chris Skinner answers

Risk Mitigation at UK P2P lenders - Chris Skinner answers | Peer-to-peer lending, Crowdfunding | Scoop.it
It's been almost a decade since the first UK P2P Lender Zopa launched, back in April 2005. In the analog world, relationships mattered. In a digital one, it seems data is the only thing that matter...
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SEC's Delay on Crowdfunding May Just Save It - New York Times

SEC's Delay on Crowdfunding May Just Save It - New York Times | Peer-to-peer lending, Crowdfunding | Scoop.it
While the S.E.C. dawdles, states are rushing to adopt their own crowdfunding rules, Steven Davidoff Solomon writes in the Deal Professor column.
Therese Torris's insight:

A professor of law argues that it may be better to wait than regulate too early

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The Incredible Growth of Peer to Peer Lending in the UK

The Incredible Growth of Peer to Peer Lending in the UK | Peer-to-peer lending, Crowdfunding | Scoop.it
The UK Peer to Peer Finance Association or P2PFA is a participant in the European expert group reviewing the environment for crowdfunding and peer to peer
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Payday lender Wonga loses 3rd chief executive in disastrous year

Payday lender Wonga loses 3rd chief executive in disastrous year | Peer-to-peer lending, Crowdfunding | Scoop.it
Crisis-hit payday lender Wonga has lost its third chief executive in a year.
Therese Torris's insight:

Hoope those who praised this loan shark as an innovator just because it was online will learn that simply raising money and breaking the law to make more money is NOT innovation

 

Unfortunately, this is not yet the case. I attended a meeting two days ago where a representative of another much praised FinTech firm - which recently raised a lot of money and speaks as loud as Wonga used to, name better not be mentioned -- was still praising Wonga. Wake up! Ripping off the public is not innovative, it's as old as incumbent finance

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Google launches $100,000 mobile wallet recruitment campaign

Google launches $100,000 mobile wallet recruitment campaign | Peer-to-peer lending, Crowdfunding | Scoop.it
Google is to give away $100,000 to users of its mobile wallet who recruit a friend to the platform, as it prepares to do battle with Apple Pay and Softcard for market share over the all-important US holiday season.
Therese Torris's insight:

I hesistated to scoop this because I fail to see the big news (recruiting 10K people, $10 at a time?)

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Sliced Investing raises $2M to connect accredited investors to hedge funds #equitycrowdfunding

Sliced Investing raises $2M to connect accredited investors to hedge funds #equitycrowdfunding | Peer-to-peer lending, Crowdfunding | Scoop.it
Sliced Investing simplifies and automates hedge fund investing.
Therese Torris's insight:

A new form of equity crowdfundind

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P2P consumer loans given landmark rating - FT.com

A bundle of peer-to-peer consumer loans has been given a credit rating by Moody’s, the first time a major rating agency has evaluated a securitisation deal created by the fast-growing “P2P” lending industry.
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LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms Lending Club And Prosper

LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms Lending Club And Prosper | Peer-to-peer lending, Crowdfunding | Scoop.it
The successful IPO of Lending Club is testament to the growth of P2P online lending, a market that is said to be doubling every year as borrowers seek an..
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Raizers, a new equity crowdfunding platform with pan-European ambition

Raizers, a new equity crowdfunding platform with pan-European ambition | Peer-to-peer lending, Crowdfunding | Scoop.it

You just launched Raizers, a new equity crowdfunding platform last week. Why are you launching as a European platform with a presence in three countries from the start? 

Therese Torris's insight:

Tough job. Will be hard to attract investors from the Internet jungle

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Google teams up w/ Lending Club to finance its business partners

Google teams up w/ Lending Club to finance its business partners | Peer-to-peer lending, Crowdfunding | Scoop.it
P2P lending platform Lending Club has teamed up with Google to offer loans to the Web giant's partner firms.

 

See also http://www.crowdfundinsider.com/2015/01/61130-google-lending-club-form-partnership/

"The pilot program is described as leveraging Lending Club’s ability to provide access to credit in a highly automated, cost-efficient manner, and allows Google to purchase the loans, thus investing its own capital in its partner network to drive business growth. Lending Club will service the loans."

Therese Torris's insight:

Lending Club shares which had lost 25% since the post IPO alltime high, went back up on the news

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IPO values Lending Club at $5.4 billion

IPO values Lending Club at $5.4 billion | Peer-to-peer lending, Crowdfunding | Scoop.it
Shares in Lending Club soared 55% to $23.23 in morning trading on the peer-to-peer loan specialist's market debut.
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Peer To Peer Lending critical review focused on risks

Peer To Peer Lending critical review focused on risks | Peer-to-peer lending, Crowdfunding | Scoop.it
This critical peer to peer lending review is the antidote to the salesman's hype. Analyzes company incentives, default rates, risks with research and easy..
Therese Torris's insight:

It's always healthy to examine the counterarguments

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India's P2P lending site Faircent launched March 2014

India's P2P lending site Faircent launched March 2014 | Peer-to-peer lending, Crowdfunding | Scoop.it

"People who borrow would save on interest and people who lend would earn additional interest rates," says Faircent CEO Gandhi....

"The model works on disintermediation of the banks, by bringing the individual borrower and individual lender directly together. It uses the existing banking eco-system to check, evaluate and recover credit."

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Lending Club boosts size of planned IPO

Lending Club has boosted the size of its planned initial public offering to $650m as it prepares to launch investor meetings next week and seeks a US stock market listing that is being hailed as a watershed moment in the development of the peer-to-pe
Therese Torris's insight:

There was also an earlier rumor that Lending Club might be seeking a buyer at the same time as filing for IPO

 http://www.lendacademy.com/lending-club-seeking-buyer/

Link to Lending Club's SEC filing 2014

http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=9727645

Link to Lending Club's SEC filing 2008

http://www.sec.gov/Archives/edgar/data/1409970/000089161808000318/f41480orsv1.htm

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New ISAs: UK Government to include P2P lending in tax-free savings accounts

New ISAs: UK Government to include P2P lending in tax-free savings accounts | Peer-to-peer lending, Crowdfunding | Scoop.it
The Government is set to confirm plans announced in March's Budget to include peer-to-peer loans in tax-free Isas.
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Investment money flows to online working capital lenders like FastPay

Investment money flows to online working capital lenders like FastPay | Peer-to-peer lending, Crowdfunding | Scoop.it
FastPay, a startup offering credit to digital media companies, is announcing that it has raised $15 million in additional equity funding. That description..
Therese Torris's insight:

Crowdfunding and crowdlending are quite popular among VCs. But working capital lenders like FastPay are also very attractive with a more traditional business model. It's unclear whether FastPay does factoring or unsecured lending or both... 

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French equity #crowdfunding platform WiSEED wants users to buy Toulouse's public airport off from the State

French equity #crowdfunding platform WiSEED wants users to buy Toulouse's public airport off from the State | Peer-to-peer lending, Crowdfunding | Scoop.it
WiSEED propose une opération de crowdfunding pour racheter la participation de l’Etat dans l’aéroport toulousain.
Therese Torris's insight:

Well done! Positive publicity for crowdfunding

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"alternative" lenders OnDeck, Lending Club file for IPO

"alternative" lenders OnDeck, Lending Club file for IPO | Peer-to-peer lending, Crowdfunding | Scoop.it
Finextra : OnDeck Seeks to Raise $150 Million in Initial Public OfferingAlternative small business lender OnDeck has announced plans to raise $150 million in an initial public offering. According to analysis from The Wall Street Journal, the IPO could value OnDeck at $1.5 billion. The Journal also suggested that the $150 million number for the IPO was likely a "placeholder amount" that will probably change.
Therese Torris's insight:
Finovate calls On Deck an "alternative" lender, probably considering that being an online-only platform qualitfies a firm as "alternative". It is however not an alternative for borrowers who can't be served at a decent rate by the classic lending system. Lending Club admits to accepting only 1 in 10 borrowers and less than 20% of its funding actually comes from crowdfunding, the remainder coming from hedge funds and other traditional funds
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Nurture Money compares over 100 UK and US crowdfunding & alternative finance sites

Nurture Money compares over 100 UK and US crowdfunding & alternative finance sites | Peer-to-peer lending, Crowdfunding | Scoop.it

"NurtureMoney.com covers the whole market and is free to use for investors and borrowers. We’ve listed all UK and US platforms to aid choice and understanding. Investors and borrowers can use the service to learn about the platforms which suit their needs best, before filling out a basic form which is sent to the platforms chosen by that person or business."

Therese Torris's insight:

Found in French through http://cestpasmonidee.blogspot.fr/2014/11/le-crowdfunding-son-premier-comparateur.html

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