November 28th, 2008 — , Lendingclub, News & Updates from LendingStats @ LendingStats
Just talked to Rob from LendingClub and they have agreed to extend the $25 sign up promotion until the end of the year. The offer is valid only if you sign up through the following link here.
Related StoresContinue reading → LendingClub Promotion extended till end of year
November 19th, 2008 — , Lendingclub, News & Updates from LendingStats @ LendingStats
Just wanted to let everyone know that the kind folks at LendingClub are offering a $25 sign up bonus for new lenders for the month of November only exclusively through lendingstats.com. If your interested click here to sign up. (Thanks Rob)
I have checked out their site and here are some comparisons to Prosper:
Borrowers are screened [...]
November 3rd, 2008 — , Lendingclub, lendingclub.com, note trading platform from wiseclerk @ P2P-Banking.com
Found this today. Someone using Lending Club’s new Note Trading Platform seems to speculate that a bulk buyer of notes might overlook the added zero in the value?
Retrieved Nov. 3rd, 2008 - some columns have been removed to allow better overview.
Related StoresContinue reading → Hoping for a quick gain on Lending Club trades?
October 29th, 2008 — , Lendingclub, Video, interview, lendingclub.com, media, renaud laplanche from wiseclerk @ P2P-Banking.com
ABC interviewed Renauld Laplanche of Lending Club on ABC Money Matters. Laplanche says in the last 10 days over 1 million US$ in loans were funded and states that the default rate has been lower than 2% over the last 18 months. Watch the video.
Related StoresContinue reading → Video interview with Renaud Laplanche, CEO of Lending Club
October 17th, 2008 — , Lendingclub, Prosper, US, loanio, loanio.com, michael solomon, quiet period, regulation, sec filing from wiseclerk @ P2P-Banking.com
Asked by Netbanker whether Loanio.com will face an SEC filing process and a quiet period like Prosper and Lending Club, Loanio CEO Michael Solomon answered:
“…from the perspective of (Prosper) going silent, it is actually great for us as I think we will quickly gain lots of lenders and hopefully we can wow them into sticking [...]
Continue reading → Loanio says it won’t face registration process in near future
October 15th, 2008 — , Lendingclub, US, Uncategorized, lendingclub.com, note trading platform, secondary market from wiseclerk @ P2P-Banking.com
A day after the start of the secondary market (see: “Lending Club allows lenders to trade their investments“) of Lendingclub.com, today 3 loans are offered for sale. I doubt that these Lendingclub loans will find a buyer, since they are all more then 60 days late and the discounts of the asking price versus the [...]
Related StoresContinue reading → First loans for sale on Lending Club’s Note Trading Platform
October 15th, 2008 — , Lendingclub, Prosper from zcommodore @ Posts from all blogs
This quiet period that Prosper announced is a two-edged sword. Apparently it is necessary as has been seen in the LendingClub situation.If the quiet period doesn’t last too long, it could be a huge boost for Prosper. Once a secondary market is incl…
Related StoresOctober 14th, 2008 — , Lendingclub, US, foliofn, lendingclub.com, liquidity, note trading platform, notes, secondary market from wiseclerk @ P2P-Banking.com
Lendingclub.com has introduced a secondary market for lenders. This is a major step, because one disadvantage for lenders in p2p lending was the lack of liquidity. Once the money was lend it was tied up (apart from repayments) until the end of the loan term (typically 36 months and more).
Through it’s secondary market - called [...]
Continue reading → Lending Club allows lenders to trade their investments
October 14th, 2008 — , Lenders, Lendingclub, US, financial suitability standards, investment limits, investors, lendingclub.com from wiseclerk @ P2P-Banking.com
As reported in the previous post, Lendingclub.com is open for new lenders. However lenders have to meet two requirements:
Resident in one of 15 approved states:
The Notes are presently being offered and sold solely to residents of the states of Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Louisiana, Minnesota, Mississippi, Montana, New York, Rhode Island, [...]
Continue reading → Lending Club - requirements for new lenders
October 14th, 2008 — , Lendingclub, US, lendingclub.com, quiet period, sec from wiseclerk @ P2P-Banking.com
P2P lending service Lendingclub.com, which was in a quite period not accepting new lenders and bids from existing lenders, today announced that it completed it’s SEC registration. LendingClub is now resuming it’s full p2p lending service and again accepting new lenders.
See: Lending Club completes $600 million SEC filing
More to follow…
Continue reading → Breaking news: Lending Club out of quiet period - accepts new lenders again
July 11th, 2008 — , Lendingclub, US, account management, feature, lendingclub.com from wiseclerk @ P2P-Banking.com
Lendingclub.com has in a new release some new account management features for lenders.
Lendingclub is currently not open for registration of new lenders.
Continue reading → Lending Club with new features in lender accounts
June 23rd, 2008 — , Lendingclub, US from wiseclerk @ P2P-Banking.com
On June 20th, Lendingclub.com filed a registration statement with the SEC to issue up to 600 million US$ in Member Payment Dependent Notes. The notes will be backed by loans and sold to lenders. The process for lenders remains pretty much the same as before the quiet period, only the legal setup will change to comply [...]
Related StoresContinue reading → Lending Club files S-1, step towards reopening for individual lenders
June 8th, 2008 — , Lendingclub, Prosper, US, Zopa from wiseclerk @ P2P-Banking.com
A recent Bankrate.com article gives an update on the development of p2p lending in the US.
Chris Larsen of Prosper.com sees the current financial situation as a chance for p2p lenders:
Home equity used to be the cash management tool for the credit-worthy borrower, and that has really, really dried up. In many ways, Prosper's three-year, 25,000 US$ [...]
Continue reading → Bankrate.com: Peer-to-peer online lending grows in tight economy
June 6th, 2008 — , Fynanz, Fynanz News, General News, GreenNote News, Greennote, Lendingclub, P2P Lending, Prosper, prosper news from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
digg_url = ‘http://www.lendoza.com/2008/06/06/6608-friday-media-report/’;
digg_bgcolor = ‘#FFFFFF’;
digg_skin = ”;
digg_window = ”;
digg_title = ‘Friday Media Report - June 6, 2008′;
digg_bodytext = ”;
digg_media = ‘news’;
digg_topic = ”;
Every Friday, we’ll take a look at some of the stories surfacing in mainstream news about peer-to-peer lending and what people are saying about the major players in the field. We hope this will provide lenders, borrowers & executives some perspective about how P2P lending is being received and how the industry is continuing its [...]
Related StoresApril 11th, 2008 — , Lendingclub from wiseclerk @ P2P-Banking.com
Surprisingly Lendingclub.com stopped signup for new lenders and existing lenders can not make bids on new loans (old loans are continued to be serviced). Borrowers can still obtain new loans - they are funded directly by Lendingclub. The announcement email sent out to members is quoted in this blog post.
The Lendingclub website states this message:
Lending [...]
Continue reading → Lendingclub quiet period - lenders can not sign up or bid on new loans
April 8th, 2008 — , Lendingclub, Prosper from zcommodore @ Posts from all blogs
For the last few months I’ve been slowly drawing down my exposure to Prosper and putting the money into LendingClub. Now that LendingClub is closing to lenders (temporarily?) I’m debating what to do. Should I keep drawing down my Prosper money and …
Related StoresMarch 22nd, 2008 — , Lendingclub, Prosper, Video from wiseclerk @ P2P-Banking.com
CBS recently featured Prosper and Lendingclub under the headline "Beating the financial giants at their own game".
February 29th, 2008 — Lendingclub, US from wiseclerk @ P2P-Banking.com
P2P Lending service Lendingclub.com, which launched last May, today surpasses 10 million US$ in loans. While the total amount is still much lower then the loan volume of competitor Prosper.com (currently over 120 million US$ loan volume) the growth acceleration of Lendingclub is really impressive.
Rob Garcia, Director Web production at Lending Club, told P2P-Banking.com:
This milestone confirms [...]
Continue reading → Lending Club hits 10 million US$ loan volume
February 11th, 2008 — Investing, Lendingclub, Prosper, Zopa from LendingStats @ LendingStats
I’m currently sitting at my computer and CNBC is interviewing Renauld Laplanche from LendingClub about peer to peer lending. They also mentioned Prosper and Zopa in a text blurb at the bottom of the screen. Prosper should get themselves an interview on CNBC. 
In other news “AIG said it would need to alter the way [...]
January 29th, 2008 — 3rd party services, Lendingclub from wiseclerk @ P2P-Banking.com
Only recently did Lendingclub.com provide the download of statistic data on the Lending Club loans.
Now Eric (who also runs Ericscc.com) started another statistic site, this time providing insights in how the numbers at Lendingclub develop. The following chart shows loan origination by month:
January 9th, 2008 — Kiva, Lendingclub, Microplace, MyC4, Prosper, Smava, Zopa from wiseclerk @ P2P-Banking.com
More and more p2p lending services are launching, each catering to different markets and different target audiences. Some derive more features from "ancestors" Prosper or Zopa, some less.
All follow the aim to allow lenders to directly lend money to borrowers without a bank acting as intermediary. This aim is sometimes not pursued strictly to the [...]
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 [...]
Continue reading → Review of peer to peer lending developments in 2007
December 24th, 2007 — Lendingclub, Marketing, US from wiseclerk @ P2P-Banking.com
Today for all new loans the interest rates at Lendingclub.com increase by 0.5 percent. At Lendingclub, unlike other p2p lending sites, the platform not the borrower sets the interest rate (based on credit grade). The increase was in reaction to rising borrower demand after Lendingclub eliminated state loan rate caps last week by going nationwide.
As [...]
Continue reading → Half percent more interest at Lendingclub
December 13th, 2007 — Lendingclub, Prosper, US from wiseclerk @ P2P-Banking.com
Lendingclub.com announced today that now users of all 50 states can borrow money through Lendingclub.
Prosper.com is covering 47 states, but in some states borrowing is restricted to business purpose loans.
December 11th, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
Rob Garcia, Director Web Production of Lendingclub, told P2P-Banking.com that Lendingclub will offer data export soon. The data on loans will be supplied in XML or Excel format and allow anybody to do their own statistical analysis. Lendingclub will announce the availability of the data export in it's blog.
Related StoresDecember 4th, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
In a post at PersonalLoanPortfolio the first experiences of a lender at Lendingclub.com are given. The author says the Lendingclub website was easy to use and understand, but states that the list of loans to fund is too small, resulting in him investing only $400 instead of the planned $500.
If you are a lender at Lendingclub please [...]
November 21st, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
Lendingclub.com now enables members to be a borrower AND a lender. Borrowers can have multiple loans, credit policy guidelines permitting. Lendingclub also added a Q&A feature and improved statistics. The new referral program enables this offer:
$25 bonus for you, when you sign up as a lender here (bonus credited after you funded your account)$25 bonus [...]
September 13th, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
Lendingclub has a new homepage. At least I think it is new, but maybe I have overlooked it for quite some time since Lendingclub used to point the homepage to the Lendingclub blog and I usually went directly to the blog URL.
The homepage is mainly an information showcase for new borrowers or lenders. Unlike Prosper it has [...]
September 10th, 2007 — Lendingclub from p2plendingnews @ P2P Lending News
In an email announcement that went out to active lenders last week, LendingClub previewed a couple of new upcoming features.
First, LendingClub will start mapping borrower and lender activity on a map by user zip code. For borrowers, loan amounts and interest rates will be displayed. For lenders, portfolio amounts (capped at $10k) will be displayed. [...]
Continue reading → LendingClub introduces mapping, top lenders list
August 30th, 2007 — Lendingclub from p2plendingnews @ P2P Lending News
On August 23, LendingClub announced that they were about to close a Series A round of funding for $10.2 million from Norwest Venture Partners and Canaan Partners. This first round of venture capital follows a $2 million round of angel investments to date.
Along with the funding, LendingClub announced that Jeff Crowe (Norwest Venture Partners) and [...]
August 23rd, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
Lendingclub has received a 10.26 million US$ venture capital investment from Norwest Venture Partners and Canaan Partners. The CEO Renaud Laplanche announced that the money will be used to expand Lendingclub beyond the Facebook platform.
In an interview, Daniel Ciporin of Canaan Partners says:
P2P services and functionality in general has been at the heart of web market [...]
Continue reading → Lendingclub receives 10 million VC funding
August 23rd, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
Lendingclub's loan volume has surpassed 750000 US$. So far the average interest rate is 11.10%. As you can see in the table the majority of loans went to borrowers with good credit grades.
Lendingclub states that the top states where Florida, New York and Massachusetts. This differs from the state distribution of the Prosper loans, where [...]
August 10th, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
In its 10th week of service Lendingclub.com has announced new features:
Minimum loan amount is now $500 (down from $1000)
The automatic diversification mechanism LendingMatch can now be used with as little as $500. LendingMatch uses the $500 to build a portfolio of 25 different loans
claims usability improvements on referral program, that pays $5 for successful invitations
borrowers in Arizona can [...]
July 9th, 2007 — Germany, Lendingclub, Prosper, Smava, UK, US, Zopa from wiseclerk @ P2P-Banking.com
Today I will take a look at the communication approaches of Prosper, Lendingclub, Zopa and Smava. Since it is hard to judge the individual customer support these companies offer, the focus of this post is on the mass communication channels. To communicate their services to the lenders and borrowers the services can use the website's [...]
Related StoresContinue reading → Communication approaches of P2P lending services
July 3rd, 2007 — Lendingclub, Prosper, US from wiseclerk @ P2P-Banking.com
P2P lending service Lendingclub.com will exceed 250000 US$ in loans this week. Prosper.com, only other p2p lending service in the US, has surpassed 72 million dollars in loans.
Sources (Mashable, Wiseclerk.com)
Continue reading → Lendingclub reaches 250000 dollars in loans
June 21st, 2007 — Lendingclub, US from wiseclerk @ P2P-Banking.com
P2P lending service Lendingclub, which launched last month has passed 100000 US$ in closed loans. The growth rate, compared to other peer to peer startups launched this year in other markets (see previous articles) is very high. More than $210000 in loans will close in the next 12 days. (Source: Techcrunch)
Related StoresContinue reading → Lendingclub grows fast, passes $100000 in loans
May 25th, 2007 — Lendingclub from p2plendingnews @ P2P Lending News
LendingClub, a new person-to-person lending site based in Sunnyvale, CA, launched during last night’s Facebook f8 event in San Francisco. LendingClub, headed by founder and CEO Renaud Laplanche, has raised $2 million in angel funding, and has about 18 employees.
For the moment, the site is only accessible through Facebook, but will eventually be available to [...]
Continue reading → LendingClub launches social P2P lending site on Facebook
