CircleLending

 

Virgin Group Announces new US Peer to Peer lending site

In May Virgin Group purchased a majority stake in CircleLending. Today they have announced they are using that as a platform for a new US peer to peer lending site. Virgin Group is a $20 billion dollar company, and is run by well known billionaire Ri…

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Wall Street Journal: Options grow for investors to lend online

Today’s Wall Street Journal has an article about Prosper, Options Grow For Investors To Lend Online, which features several lenders and third party sites. Despite the headline and teaser “more sites join prosper.com in luring the risk-tolerant” the ar…

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Boston Globe features Prosper and competitors

The Boston Globe has a feature article about peer to peer lending - Need cash? Just ask. Zopa, Prosper, CircleLending, and Lending Club are all featured. Here’s what the Globe has to say about each:Zopa: A site launched by veterans of Britain’s banking…

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eBay + MySpace + ? = Peer to peer lending

Brad Slavin has written an informative 15-page paper reviewing the peer to peer (P2P) lending industry (pdf) with a focus on Prosper and Zopa. His outlook is very optimistic. I’ve extracted a few of the highlights from his article. Quotes are in italic…

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Virgin USA acquires CircleLending, enters US banking market

CircleLending, the Massachusets-based facilitator of P2P loans, announced on May 15 that Virgin USA, the North American investment arm of Virgin (the UK-based Richard Branson company) had acquired a majority stake. Terms of the transaction were not disclosed.
CircleLending hasn’t been included in the discussion here in the past because, although they do facilitate loans between [...]

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