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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 a favorable US regulation (the Jumpstart Our Business Startups (JOBS) Act) are making crowdfunding and the notion of by-passing traditional lenders more and more popular. If you're interested in this topic I recommend you follow Matthew Paulson and Peter Renton from  http://www.p2plendingnews.com/ and http://www.sociallending.net/.

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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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UK equity crowdfunding platform Crowdcube sets record by raising £1.2 M in 16 min for its own capital

UK equity crowdfunding platform Crowdcube sets record by raising £1.2 M in 16 min for its own capital | Peer-to-peer lending, Crowdfunding | Scoop.it
We opened and closed our own bid to raise £1.2 million today after taking just 16 minutes to hit its target. This was 12 times faster than the previous record for the fastest crowdfunded pitch and set a World record for the fastest equity crowdfunding raise. The crowdfund, hosted on our own website, followed the announcement last week… Read More »
Therese Torris's insight:

This crowdfunding comes in addition to raising GBP 3.8 million from from venture capital firm Balderton Capital last week

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Lending Club: One Billion Dollar Quarter (Infographic)

Lending Club: One Billion Dollar Quarter (Infographic) | Peer-to-peer lending, Crowdfunding | Scoop.it
Peer to peer (P2P) lending platform Lending Club is having a pretty good year.

Via P2P Consultants
Therese Torris's insight:
Over 288,000 loans to refinance credit cards or a different loanLowered credit card interest rates an average of 29%Historical returns for investors range from approximately 5% to 8%
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Lending Club IPO seeks $5bn valuation

FT.com : Lending Club is preparing to raise more than $500m from a US initial public offering in what would be a landmark moment in the rapid growth of the peer-to-peer industry.
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Lending Club CEO says hedge funds aren't Hijacking P2P lending

Lending Club CEO says hedge funds aren't Hijacking P2P lending | Peer-to-peer lending, Crowdfunding | Scoop.it
Are hedge funds, endowments and pension funds muscling their way into a market designed originally for civilians to loan to civilians?
Therese Torris's insight:

It's been hijacked by others before. 

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Lessons from the $2 Billion Facebook Acquisition of Kickstarter-funded Oculus

Lessons from the $2 Billion Facebook Acquisition of Kickstarter-funded Oculus | Peer-to-peer lending, Crowdfunding | Scoop.it

$2 Billion Facebook Acquisition Raises Question: Is Equity Crowdfunding Better?

 

By Chance Barnett

 

"As CEO of Crowdfunder, I was invited on Fox Fox Business News recently to talk about the recent $2 billion Facebook acquisition of Oculus Rift, a company that had previously been crowdfunded....

Therese Torris's insight:

Oculus raised $2M on kickstarter and some of those who contributed significant money felt quite sour hearing the company was sold for $2 billion ....

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US hybrid marketplace/balance sheet lender BorrowersFirst announces major funding

US hybrid marketplace/balance sheet lender BorrowersFirst announces major funding | Peer-to-peer lending, Crowdfunding | Scoop.it
I first wrote about BorrowersFirst eight months ago when I spent a day in their New York offices. They expected to launch in the fourth quarter of last year but things were put on hold as they got their financing together.
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Kickstarter will 'sit out' equity crowdfunding of Stocks, says CEO Yancey Strickler

Kickstarter will 'sit out' equity crowdfunding of Stocks, says CEO Yancey Strickler | Peer-to-peer lending, Crowdfunding | Scoop.it
Kickstarter Will 'Sit Out' Crowdfunding of Stocks, CEO Says
U.S.
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Prosper: $100 Million in Loans for April; Announces $70 Million Investment - Crowdfund Insider

Prosper: $100 Million in Loans for April; Announces $70 Million Investment - Crowdfund Insider | Peer-to-peer lending, Crowdfunding | Scoop.it
Peer to Peer (P2P) lending platform continues to rack up big numbers as they shove banks aside and stake their claim in the P2P crowdfunding world.
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Crowdfunding & P2P lending as part of the larger collaborative economy [Infographic]

Crowdfunding & P2P lending as part of the larger collaborative economy [Infographic] | Peer-to-peer lending, Crowdfunding | Scoop.it
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Ric Biasotti's curator insight, May 19, 8:45 PM

Crowdfunding & P2P lending as part of the larger collaborative economy [Infographic]

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Peer-to-peer lending marketplace Prosper snatches USD70m

Peer-to-peer lending marketplace Prosper snatches USD70m | Peer-to-peer lending, Crowdfunding | Scoop.it
Prosper, a San Francisco-based peer-to-peer lending company, has raised USD70m in new funding. Francisco Partners led the round, and was joined by Institutional Venture Partners and Phenomen Ventures.
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Union Bank enters alliance to create new credit products with P2P lending platform Lending Club

Union Bank enters alliance to create new credit products with P2P lending platform Lending Club | Peer-to-peer lending, Crowdfunding | Scoop.it
California's Union Bank has become the latest commercial bank to join forces with an online peer-to-peer loan approval site by entering a strategic alliance with Lending Club.
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France's crowdfunding regulation draft [In French]

France' crowdfunding will soon be regulated by an "ordonnance". This is the full text of the draft of the ordonnance and it's pretty true to what was expected : http://www.leparticulier.fr/upload/docs/application/pdf/2014-04/projet_dordonnance_relatif_au_financement_participatif_crowdfunding.pdf

Therese Torris's insight:

The parliament has given to the government the ability to regulate this matter. This is the draft of the government order that should be issued in approximately 3 weeks

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Repeat Borrowers at Prosper – Relationship Lending for the Modern Age

Repeat Borrowers at Prosper – Relationship Lending for the Modern Age | Peer-to-peer lending, Crowdfunding | Scoop.it

Orchard Platform (Orchard App, Inc) : Assuming that marketplace lending offers borrowers a good deal and a
positive customer experience, we would expect to see repeat business.  In a post last October, we first analyzed repeat borrowers on Prosper.  That analysis found that 10% of loans were issued to those who had previously taken out a Prosper loan.  In Oct. 2013, Prosper originated $50 million in loans. Since then, Prosper has issued an additional $726 million, including $145 million in June 2014 alone.   Given the massive growth in the marketplace, we wanted to see how much of this growth was due to repeat borrowers, how these individuals have performed, and what we can learn from borrowers’ prior experience.... 


Via P2P Consultants
Therese Torris's insight:

Interesting investigation of repeat borrowers at Prosper, trying to answer the question of whether online businesses are able to establish "relationship lending", i.e. Customer loyalty with positive impact

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UK crowdfunding platform Funding Circle raises $65 M in series D financing

UK crowdfunding platform Funding Circle raises $65 M in series D financing | Peer-to-peer lending, Crowdfunding | Scoop.it
Funding Circle, a UK-based online marketplace for business loans, has raised $65 million in a series d financing round led by Index Ventures. In addition, the firm has added former Wachovia CEO Robert Steel to its board.
Therese Torris's insight:

Brings total money raised to $123.2M

http://www.crunchbase.com/organization/funding-circle

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7 major marketing challenges faced by peer-to-peer lending

Neil Edwards via LinkedIn: Alternative finance has enjoyed an explosion of growth in recent years. In the UK it has grown by 250% in the last 12 months and some observers are saying it will be a $1 trillion industry globally

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LendingClub hires Morgan Stanley, Goldman Sachs to work on IPO

LendingClub hires Morgan Stanley, Goldman Sachs to work on IPO | Peer-to-peer lending, Crowdfunding | Scoop.it
Lending Club Corp. has started on its anticipated process for going public, tapping banks including Morgan Stanley and Goldman Sachs to work on an IPO later this year.
Therese Torris's insight:

No surprise here, given the nature of the board at Lending Club. This is now a pure product of the banking establishment

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Washington Attorney General targets failed Kickstarter campaign

Washington Attorney General targets failed Kickstarter campaign | Peer-to-peer lending, Crowdfunding | Scoop.it
Washington’s attorney general has filed what’s believed to be the first government action against a failed crowdfunding campaign.
Therese Torris's insight:

Unclear whether fraud or incompetence was at play

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8 Things I Learned From My (Failed) Kickstarter Campaign

8 Things I Learned From My (Failed) Kickstarter Campaign | Peer-to-peer lending, Crowdfunding | Scoop.it
Even if your Kickstarter campaign doesn't succeed, you can learn a few useful lessons along the way. Here's what filmmaker Mark Tapio Kines learned from his failed Kickstarter campaign.
Therese Torris's insight:

Genuine account, good to know

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Funding Circle Adds New Risk Tier, Surpasses $500 Million in Loans

Funding Circle Adds New Risk Tier, Surpasses $500 Million in Loans | Peer-to-peer lending, Crowdfunding | Scoop.it
Funding Circle Adds New Risk Tier, Surpasses $500 Million in Loans
Crowdfund Insider
Peer to Peer portal Funding Circle has announced it will introduce a new risk tier that will allow the company to serve a quarter more of its U.S.
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Banks, hedge funds push into peer-to-peer lending

Banks, hedge funds push into peer-to-peer lending | Peer-to-peer lending, Crowdfunding | Scoop.it
Venture Capital Post
Banks, hedge funds push into peer-to-peer lending
SFGate
Peer-to-peer lending started as a way individuals could borrow money from other individuals over the Internet.
Therese Torris's insight:

Money is pouring into P2P lending and crowdfunding

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US charity crowdfunding site YouCaring.com passes $100M mark

US charity crowdfunding site YouCaring.com passes $100M mark | Peer-to-peer lending, Crowdfunding | Scoop.it
Crowdfund Insider
Crowdfunding site passes $100M mark
Tampa Bay Business Journal
Tampa-based crowdfunding site YouCaring.com has passed an important milestone: its users have raised more than $100 million.
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Online SMB lender Kabbage Raises Another $50M

Online SMB lender Kabbage Raises Another $50M | Peer-to-peer lending, Crowdfunding | Scoop.it
Kabbage made waves last month when it closed a $270 million credit facility to pass on to small businesses that use its online platform to borrow working..
Therese Torris's insight:

Money is pouring into US alternative lenders !

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Foundation Capital predicts P2P lending to become a US $1 trillion dollar market by 2025

Extensive study by VC firm Foundation Capital -- which is heavily invested in leading US P2P lender Lending Club, hence not unbiased

 

Interesting nevertheless

Therese Torris's insight:

Reported on by VentureBeat

http://venturebeat.com/2014/05/05/dozens-of-p2p-lenders-will-hand-out-1-trillion-in-2025-vc-predicts/

No date that I could find on the study itself

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Landbay, a buy-to-let P2P lender, raises 2nd round of funding on UK equity crowdfunding platform Seedrs

Landbay, a buy-to-let P2P lender, raises 2nd round of funding on UK equity crowdfunding platform Seedrs | Peer-to-peer lending, Crowdfunding | Scoop.it

Landbay A peer to peer lending platform for secured residential Buy-to-Let mortgages.

Therese Torris's insight:

Here is the direct link to the crowdfunding campaign https://www.seedrs.com/startups/landbay2

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5 Things To Know Before Starting An Equity Crowdfund in the US

Equity Crowdfunding 101 Unlike the rewards-only crowdfunding offered by sites like Kickstarter, equity crowdfunding allows companies to exchange a percent of ownership in exchange for funding. Equity crowdfunding is a great next step for companies after a successful rewards raise. Often companies need more capital in order to fulfill the product [...]
Therese Torris's insight:

Sound advice for US-regulated crowdfunding platform

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