LendingClub, once known as the highest-profile peer-to-peer (P2P) lender in the United States, has a story to tell that speaks of the fortunes of many in the P2P sector. Lending Club started life as a P2P outfit, and famously floated in December 2014 at a valuation that many (including members of Money&Co.’s staff) thought rather […]
And so it has come to pass. We’ve long kept a weather eye on the difficult journey of Lending Club, the leading direct lender in the US FinTech sector, since its flotation on the New York Stock Exchange in December 2014. We’ve reported several times in News and in our Blog section. Now, Lending Club […]
There’s more news from the troubled Lending Club – the direct lender (or marketplace or peer-to-peer [P2P} lender) that has long been seen as a leader in the market in the United States. We take an interest in Lending Club for a number of reasons, not least because its success or otherwise has a direct bearing […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
By popular demand, we publish a tweaked news story, featuring an earlier Money&Co. blog. This isn’t re-hashing leftovers – merely giving timely content a proper showcase… If ever there were a time to remind ourselves of the importance of a conservative approach, now [9/10 May 2016] is the moment, we wrote. Over in the US, […]