Peer to Peer Lending News Roundup – April 13, 2013

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Lending Club Borrower’s Income Verification, Loan Issued Year, and Initial List Status from Random Thoughts – Lending Club is verifying income on more than 50% of loans issued in 2013 – the most ever.

$10,000 P2P LendingClub & Prosper Loan Portfolio Update – April 2013 from My Money Blog – This blogger invested $5,000 each in Lending Club and Prosper at the same time and is reporting his progress.

Peer-to-peer lender plans to corner small and medium-sized enterprises market from Express (UK) – Funding Circle plans to provide 20% of all small business loans in the UK within 5-10 years.

How Hedge Funds Are Slowing JOBS Act Rules for Small Businesses from Businessweek – Many people do not know that a key part of the JOBS Act is a lift on the ban on general solicitation for private placement funds, something that has been in place since 1933.

Updates to NSR Alerts – Now With Prosper Support from Nickel Steamroller – Investors can now receive Nickel Steamroller’s regular email alerts from Prosper as well as Lending Club.

Quarterly Lending Update // 16.88% ROI from LendingMemo – Another portfolio update from a Prosper and Lending Club investor.

New Investment Fund Focussing on Investing in Global P2P Lending from Wiseclerk – A new fund based in Europe is investing with p2p lending platforms around the globe.

Lending Club Profits and Your Taxes from Mr. Money Mustache – How this leading blogger is doing his Lending Club taxes.

Portfolio Update April 2013 from Nickel Steamroller – It looks like this was the week for portfolio updates – here is Nickel Steamroller’s update on his Prosper and Lending Club investments.

U.S. Leads World In Burgeoning Crowdfunding Trend from Forbes – While I wouldn’t include Lending Club as part of crowdfunding the whole alternative lending space is booming.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

Selling notes on FolioFN – A newbie to selling notes on Folio seeks and receives advice on how to price notes for sale.

Poll: Time spent on investing at Lending Club and Prosper.

Collective or Partnership Investing – Discussion about investing on behalf of friends and family.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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