Which Type of Marketplace Lending Investor Are You? I’m #3

http://jammuemarket.com/product/palak-normal-1-kg/?add-to-cart=4498 When I started investing in marketplace loans in 2013, it was still called peer to peer lending or p2p lending. There were also only 2 options. Professional and accredited investors have many more options for investment. Banks have gotten on board since then offering platforms of their own. For retail investors we now have more … Read more Which Type of Marketplace Lending Investor Are You? I’m #3

Blockchain, AI & Financial Inclusion: LendIt 2018

http://ourblackweb.com/tag/realtor/linkedin.com Lendit is one of my favorite events of the year. More of my fintech writing clients come to Lendit than any other show and it’s the only show I go to every year where I don’t speak and still go anyway. It’s that good and it’s worth it. If you’re interested in my writing work, … Read more Blockchain, AI & Financial Inclusion: LendIt 2018

Lending Club Settles Class Action Lawsuit

http://thetzagency.com/threadedzebra Federal judges in California approved of Lending Club’s settlement of its 2-year running class action lawsuit with some shareholders. The essence of the suit described well by our friends at Crowdfund Insider, covers a period from 2014 through May 2016. Those of you who were investing in p2p lending at that time, like many of you … Read more Lending Club Settles Class Action Lawsuit

LC Returns: 2 Years Are The Drag

http://davidbjelland.com/m/embed/EcLLzVuF0wE Last week, Lending Club announced their earnings for Q4 and 2017. I didn’t report on it here since I still have no interest in buying LC stock but if you are interested, here is some good coverage of what they reported. Direct from the Nasdaq Seeking Alpha Our friends at Lend Academy Note Performance The … Read more LC Returns: 2 Years Are The Drag

Lending Club’s 2nd Quarter Earnings

After yesterday’s close, Lending Club (symbol: LC) announced its 2nd quarter earnings. If you want to read the entire transcript from the earnings call yesterday, here is a copy at Seeking Alpha. (a free email signup required to read it all) You can also find the numbers and presentation on the LC site. Let’s check … Read more Lending Club’s 2nd Quarter Earnings

Prosper Securitization and Higher Lending Club Investor Minimums

The big two p2p lending platforms for retail investors, Lending Club and Prosper, each have a piece of news this week that we should know about. Both pieces were well covered in Crowdfund Insider with links to follow….. Prosper Securitization Earlier this year, Prosper announced a $5 billion securitization deal with numerous hedge funds and … Read more Prosper Securitization and Higher Lending Club Investor Minimums

Marketplace Lending 2016: Bruised but not Broken

2016 was a tumultuous year in p2plending. Maybe it’s related to growing pains or maybe to something else entirely. The industry definitely took its bumps. Let’s look at some of the major trends in marketplace lending over the course of this year. Lending Club’s Issues Founder and former CEO Renaud LaPlanche was the biggest story … Read more Marketplace Lending 2016: Bruised but not Broken

Lending Club’s 3rd Quarter Earnings

The industry bellweather Lending Club announced its earnings this morning before the opening bell of the stock market for the week. The consensus of 6 analysts that cover the stock, according to Zacks Investment Research is an EPS (earnings per share) of -$0.10. Let’s see how they actually did. By now you know about what … Read more Lending Club’s 3rd Quarter Earnings