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Lending Club to Hold New Investor Forum on May 6th
Peer to peer lending company Lending Club will be hosting a new investor meeting on May 6th at 4:00 PM ET. According to Lending Club’s statement, “This forum will help you streamline the investing process, and become a... More of this article »
Lending Club Offering Up to 2% Cash on New Deposits from Investors
Lending Company, a firm which offers a peer to peer lending marketplace, is offering investors a cash bonus for any new money invested with Lending Club by may 26th. Lending Club will provide the following tiered bonus to investors... More of this article »
Lending Club Fees and Prosper.com Fees: Which Peer to Peer Lending Site Has the Lowest Fees for Investors?
Prosper.com and Lending Club are two companies which operate peer-to-peer lending marketplaces which allow their members to serve as lenders and provide loans to other members of the site. As with any investment, fees matter. Investors... More of this article »
Lending Club’s Fees and Prosper.com’s Fees: Which Peer to Peer Lending Site Has the Lowest Fees for Borrowers?
Lending Club and Prosper.com are two companies which operate peer-to-peer lending marketplaces which allow borrowers to take out unsecured loans from other members of the site that act as lenders. Both marketplaces operate with slightly... More of this article »
Should You Use Lending Club for Debt Consolidation?
If you have several thousand dollars of miscellaneous debt floating around, such as credit cards or personal loans, it might be worth considering consolidating your debt into a single loan for convenience purposes and because it could... More of this article »
Student Lending Reform May Hamper Growth in Student-Targeted Peer to Peer Lending Sites
Fynanz and People Capital, Two fledgling peer to peer lending companies, which offer peer to peer loans to student borrowers, may face trouble finding customers given the student loan reform legislation which was passed as part of... More of this article »
Get Peer to Peer Lending Investment Tips from Lending Club Webcasts
If you are interested in investing some of your money in a peer to peer lending company, such as Lending Club or Prosper.com, you really shouldn’t go in without spending a significant amount of time learning about what makes... More of this article »
Prosper.com “Series D” Funding Devalued Shares by 93%
Prosper.com, a company which offers a peer to peer lending marketplace, recently completed its “Series D” funding round which provided the company with $14.7 million in new capital, however the deal was on much less favorable... More of this article »
How to Get a Bonus on Your Lending Club Investment
Lending Club, a company which operates a peer to peer lending marketplace, recently offered a 1.5% cash bonus on any new investments for investors that chose to deposit their tax refund into their Lending Club account. The offer... More of this article »
Prosper.com Gets Funded by Google (NASDAQ: GOOG) CEO Eric Schmidt
Prosper.com, a peer to peer lending marketplace, recently closed a $14.7 million “Series D” round of funding from new and existing investors, including Google Inc. (NASDAQ: GOOG) CEO Eric Schmidt through TomorrowVentures. Prosper... More of this article »
Peer to Peer Lending Discussed on This Week in Venture Capital
The Podcast This Week in Venture Capital (TWIVC) discussed the return of the peer to peer lending industry with the two major companies in the arena closing a new round of capital during the last month. Prosper Marketplace closed a... More of this article »
Prosper.com Finalizes $14.7 Million Series D Funding Round
Peer to peer lending company Prosper.com has announced that it has finalized a $14.7 million Series D round from new investors TomorrowVentures, LLC and CompuCredit Holdings Corporation (NASDAQ: CCRT) and all of Prosper’s existing... More of this article »
Lending Club and Prosper: Comparing Two Peer to Peer Lending Models
Lending Club and Prosper Marketplace are the two established companies in the United States which offer peer to peer lending marketplaces in which people can make loans to one another. Although they have similar business plans, the... More of this article »
Lending Club Announces Closing of $24.5 Million Series C Funding
Lending Club, a company which offers a peer to peer lending marketplace, announced the closing of a $24.5 million “Series C” investment round, lead by Foundation Capital and joined by existing investors including, Morgenthaler... More of this article »
Lending Club Hits New Record in Month Loan Demands
Lending Club, a company which offers a peer to peer lending marketplace to its customers, has reached a new monthly record in loan demand with applicants requesting to borrow more than $100,000,000 in personal loans during the month... More of this article »
Peer To Peer Lending Executives at Prosper Marketplace Take Salary Cut
Top executives at Prosper Inc, a peer-to-peer lending company, have taken significant cuts in pay in 2009 compared to their 2008 compensation levels, according to a new regulatory filing that th company made with the Securities and... More of this article »
Prosper Marketplace SEC Filing Admits Riskiness of Peer-to-Peer Loans
Prosper Inc, a peer-to-peer lending company, admitted that it loans are much riskier to investors than its marketing material might lead investors to believe in a new 10-K filing with the Securities and Exchange Commission last week. In... More of this article »
Lending Club Vs Prosper – Which Company is the Largest Peer to Peer Lending Company?
Both Prosper Marketplace and Lending Club have made statements in the last day that they are the largest peer to peer lending company in the world. Prosper Marketplace released a statement on its blog asserting that it “maintains... More of this article »
Prosper Marketplace Hits $1.8 billion in Loan Demand
Peer to peer lending company Prosper Marketplace has released their February loan statistics and have now reached a total loan demand of $1.8 billion. In a statement made by the company, Prosper asserted that it “maintains approximately... More of this article »
Prosper Marketplace Announces Series D Funding Round
Proper, a company that offers a peer-to-peer lending marketplace, has announced that it has entered into a letter of intent with new and existing investors for a Series D round of funding in the range of $13.3 million and $15.8 million. Prosper... More of this article »
Lending Club Strategies: Maximizing Your Investment Return on Lending Club Loans
Lending Club has setup arrangements for more than $90 million in loans between borrowers and lenders during the last three years. No one can say for sure as to whether or not peer to peer lending is a fad in the world of financial... More of this article »
Lending Club Launches Photo Contest for Bing-Like Homepage
Peer to peer lending firm Lending Club took a cue from Bing (NYSE: MSFT) in its most recent website design by integrating a look and feel where the website’s background can be can be changed on a regular basis. Lending Club has... More of this article »
Prosper Marketplace Has 11 Days to Announce New Funding or May Face Bankruptcy
Last month Prosper Marketplace, a company that offers peer-to-peer loans, received a $2 million bridge loan due on April 1st to cover operating costs while it seeks its next round of venture capital funding. The loan is due in 11 days... More of this article »