Tag Archives: lending club

P2P Good News, Bad News Revisited – Plus Loan Latest

As our latest loan offering marches towards full funding, we bring news of our cousins in peer-to-peer (P2P) lending on the other side of the Atlantic. Our friends at AltFi report: “LendingClub, one of the world’s largest marketplace lenders, has closed its first self-sponsored securitisation. The $279.4m deal was backed by consumer loans that were […]

Seller Beware! Overpricing P2P Assets Can Backfire

We could have told you so. In fact, one of us did: the mingling of alternative finance with the mainstream is to be welcomed – but only providing the financials are right. The highest-profile example of such dangers is surely the flotation of Lending Club on the New York Stock Exchange in December 2014. Lending Club was a […]

P2P: A Tale Of Two Consolidations

Today, we bring you news of consolidation in the peer-to-peer (P2P) lending market. Our tale manifests this in two different ways, on either side of the Atlantic. In the UK, figures from the P2PFA, a trade body representing the larger P2P platforms, show a minor contraction in the rate of lending growth: “The UK marketplace lending sector […]

P2P Sector Must Show Grace Under Pressure

If courage is grace under pressure, as the American writer Ernest Hemingway put it, then now is the time to demonstrate some pluck. It took a while, but the fallout from the problems of Lending Club, the flagship for peer-to-peer (P2P) lending in the US, has started to rumble through the media. What happens to […]

The Meaning Of Strife: Lending Club’s UK Impact

What do recent events at Lending Club, a leading peer-to-peer (P2P) lender, mean for us in the UK? Money&Co. engages in P2P business lending, putting individuals together with carefully vetted small and medium-sized enterprises (SMEs) to provide good returns for lenders and much-needed funding for borrowers. The financial world is inter-connected, and it’s reasonable to […]

US Events To Have Modest Effect On UK P2P Regulation

The financial media in the UK has been awash with the potential ramifications of the departure of senior executives from Lending Club, the biggest peer-to-peer (P2P) crowdfunder in the United States. One of the most comprehensive articles comes from Reuters. We reproduce an extended excerpt below: “Britain has one of the biggest peer-to-peer or P2P […]