CommunityLend

A strange month for the financial services industry; Social Lending is no exception

October 16th, 2008 — , CommunityLend, P2P Lending international, social lending from Colin @ CommunityLend blog

It’s been a strange month for the financial services industry as a whole and the burgeoning industry of Social Lending is no exception.
These last few weeks have seen a number of major announcements in the Social Lending space including the following:
- Zopa US announced that it has restructured its operation in the US in collaboration [...]

Transparency and authenticity have been lacking in consumer credit

September 17th, 2008 — , CommunityLend, social lending from Colin @ CommunityLend blog

In reading this piece by Joseph Stiglitz at CNN, he speaks of the causes of the crisis in banking. In particular there is this little gem;
CNN: How to prevent the next Wall Street crisis
The new “innovations” simply hid the extent of systemic leverage and made the risks less transparent; it is these innovations that have [...]

“Credit crunch a boon to social lending” | Lafferty Retail Banking Insider

August 28th, 2008 — , CommunityLend, social lending from Colin @ CommunityLend blog

In their latest edition of Retail Banking Insider, Jane Cooper at Lafferty has a piece entitled ‘Credit Crunch a boon to social lending’. We are mentioned and quoted in the along with Zopa and Prosper.
The themes are:

banks have increased their pricing
banks have cut back lending
lenders [investors] are seeking alternative vehicles with better and predictable [...]

The decline of social capital | “Bowling Alone: The Collapse and Revival of American Community” Putnam

July 5th, 2008 — , CommunityLend, social lending from Colin @ CommunityLend blog

Fascinating study by Putnam based on research that predates internet, and the mere fact it talks of things such as the Elks club, Parent Teacher Associations, and organisations that are either quaint, or unknown to many nowadays, paints a picture of North American society that has changed dramatically in terms of how people interact. [...]

CommunityLend: A borrower and a lender be | International Banking Systems

June 12th, 2008 — , CommunityLend from Colin @ CommunityLend blog

I was fortunate
enough to be interviewed by Lawrence at IBS, and the result was a case
study on CommunityLend.
International Banking Systems Journal
CommunityLend: A borrower and a lender be (registration required)
Founded
on the noblest principles of democracy, community, individual choice
and responsibility, social lending may have the potential to do what
Amazon has done to book selling. Lawrence Freeborn talks [...]

CommunityLend Announces Partnerships, Looks Towards mid-2008 Launch

May 30th, 2008 — , Canada, CommunityLend, CommunityLend News, General News, P2P Lending from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry

CommunityLend, a Toronto, Canada based P2P Lending firm currently in startup phase, announced this week that they’ve been working with two firms to help further the site’s development in both OpenSource coding and applications, as well as its banking software interface.
UnSpace Interactive, a firm based out of Toronto, has been working in conjunction with CommunityLend [...]

P2P lending company for sale

April 28th, 2008 — , CommunityLend, IOU Central, Prosper, SocialLendingGroup, loanio, prosper competitor from tom @ Prosper Lending Review

As reported by Rateladder, there is an unknown company that has offered their newly developed p2p lending site for sale. They posted the following announcement on p2ptechforsale.com:We are from a company that is looking to sell all rights to our propri…

Canada’s CommunityLend nears launch

April 9th, 2008 — , CommunityLend, IOU Central, group leader, peer to peer lending from tom @ Prosper Lending Review

We first reported on CommunityLend back in June 2007 and then again when they raised $2.5 million in venture capital. It appeared that they would become Canada’s first peer to peer loan marketplace. Then, in February, IOU Central stole the headlines wh…

IOU Central halts operations to ‘resolve a regulatory matter’

February 29th, 2008 — CommunityLend, IOU Central from tom @ Prosper Lending Review

IOU Central, the first P2P lender in Canada, has suspended all new loan requests and stopped bidding on loans in order to “resolve a regulatory matter.” This is the announcement on their website:What Functionalities Are Available?Please note that the p…

Where did IOU Central come from?

February 24th, 2008 — CommunityLend, Fairrates, Finansowo, IOU Central, Kokos, Monetto from tom @ Prosper Lending Review

A couple days ago we wrote about IOU Central and how they beat CommunityLend to become the first P2P lending marketplace in Canada. IOU Central seemly came out of nowhere. We wrote about CommunityLend last June and then again in December when they secu…

IOU Central beats CommunityLend to Canada’s market

February 21st, 2008 — CommunityLend, IOU Central from tom @ Prosper Lending Review

IOU Central just launched as Canada’s first P2P lending platform this month. Here’s a short YouTube introduction from Phil Marleau, Chief Executive Officer and Founder of IOU Central.IOU Central appears to be much like Prosper and Lending Club. A borro…

Review of peer to peer lending developments in 2007

December 27th, 2007 — Boober, CommunityLend, Fairrates, Globefunder, Kiva, Lendingclub, Loanland, Microplace, MyC4, Prosper, Smava, Zopa from wiseclerk @ P2P-Banking.com

2007 was an exciting and eventful year in the development of peer to peer lending. Looking back these were the highlights:

February: Boober.nl launches the first p2p lending service in the Netherlands.Prosper.com raises required borrower credit score to 520 and introduces other major changes
March: Smava.de launches German p2p lending service
April: Fairrates.dk offers person to person lending in [...]

ScriptLance project: Prosper or Zopa clone

December 22nd, 2007 — CommunityLend, Globefunder, Lending Club, Prosper, Zopa, loanio, prosper competitor from tom @ Prosper Lending Review

This is a time of dramatic growth for the p2p lending market. Over $100 million has exchanged hands on Prosper and investors have provided over $40 million in venture capital. Lending Club is growing rapidly, has expanded nationwide, and received $10 m…

Canadian CommunityLend receives $2.5M VC funding

December 15th, 2007 — Canada, CommunityLend from wiseclerk @ P2P-Banking.com

CommunityLend.com, which strives to be the first peer to peer lending service launching in Canada, has secured 2.5 million dollar venture capital. Furthermore CommunityLend announced winning Barry Campbell, former MP and Secretary to the Minister of Finance and Jim Jones, CEO of GMAC Residential Capital as additional directors.
In an email Co-Founder and CTO Colin Henderson told [...]

Canada’s CommunityLend raises $2.5M

December 15th, 2007 — CommunityLend, peer to peer lending from tom @ Prosper Lending Review

Toronto-based CommunityLend.com is now one step closer to launch. They have secured $2.5M in venture capital funding and have announced a board of directors including Barry Campbell, former MP and Secretary to the Minister of Finance and Jim Jones CEO …

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Communitylend starts blog

November 2nd, 2007 — Canada, CommunityLend from wiseclerk @ P2P-Banking.com

Canadian Communitylend.com started a blog. The first post in the Communitylend blog is "links for 2007-11-01". Odd post to start a blog for a new service. I expected more excitement and insights. Maybe it was not intended to be public and rather a test.

Peer to peer lending in Canada - CommunityLend

June 28th, 2007 — CommunityLend, peer to peer lending from tom @ Prosper Lending Review

Canada’s Globe and Mail has an interesting article about the peer to peer loan industry - Fast cash just a click away. After discussing the success of Prosper and Zopa, the article turns to the future of peer to peer lending in Canada. From the article…

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