Peer to Peer Lending News Roundup – November 10, 2012

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.

With Lending Club crossing the $1 billion mark earlier this week, not surprisingly most of the news centered around Lending Club.

LendingClub Issued $1 Billion in Loans, CEO Says from Bloomberg TV – Interview with CEO Renaud Laplanche on Bloomberg on the day they crossed $1 billion in loans.

Lending Club Now Offers Hedge Funds from Bargaineering – A description and some commentary on the LC Advisor funds.

RateSetter provision fund from P2P Money (UK) – No investor has ever lost money due to defaults at UK p2p lender Ratesetter. The provision fund has reimbursed every investor for every default. Impressive.

The P2P Lending Experiment: Lending Club Surpasses $1B In Personal Loans, Hits Profitability from Techcrunch – Coverage of the Lending Club announcement and party by the leading technology blog.

Lending Club Exceeds $1 Billion in Personal Loans from Lending Club – Cool infographic from Lending Club showing some of the details of how they made it to $1 billion.

Lending Club Returns Increase To 12.22% from Bible Money Matters – Long time blogger and Lending Club investor shares his latest returns and strategy.

Five Year Review: Lending Club Notes Outpace Stocks and Bonds from the Lending Club blog – Comparison of the returns and volatility of Lending Club notes with the S&P 500 and high yield corporate bonds.

Lending Club Loan Selection using PeerCube’s BLE Risk Index from Random Thoughts – Founder of PeerCube discusses how be is using his new BLE Index to select loans.

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.

What’s your MO – Investors share their strategies on how they choose loans on Lending Club.

My secret weapon for lower defaults – Discussion among Prosper investors of ways of mitigating defaults.

Calculation of ROI and IRR – Lending Club Net Annualized Return numbers and other ways to calculate ROI.

  • 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.