Peer to Peer Lending News Roundup – November 16, 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.

Peer to peer lending sites attracting investors from JS Online – Comments from a new p2p hedge fund about their entry into this space as well as the thoughts from a family office and Simon from LendingMemo.

Peer-to-peer lending enters financial mainstream from Euromoney – I don’t think we are there yet but recent changes indicate we are moving closer to the mainstream.

Intra-Month Origination Volume on LendingClub and Prosper from Orchard – Interesting look at the trends in daily loan volume at the two leading p2p lenders.

I’m Transferring Money Away From Lending Club from SweatingTheBigStuff – Not everyone is happy with p2p lending; this blogger is moving some cash out of Lending Club.

Alibaba Finance Reportedly to Inject $35 Million in P2P Lending Service Ppdai from TechNode – One of the largest companies in China is throwing their hat in to a p2p lending platform there.

Barclays Helps Startup Create First Rated Peer-to-Peer Bond from SFGate – The first officially rated p2p bond, issued by SoFi, is almost a reality.

Wall Street v P2P from Financial Times (free registration required) – This editorial compares George Orwell’s Animal Farm to the evolution of p2p lending into a more mature asset class.

In Peer to Peer Lending, Uninvested Cash Can be a Drag from LendingMemo – How cash drag impacts the returns of investors at Lending Club and Prosper.

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.

Credit rating trend for new loans – Some investors track the movement in credit score for the loans in their portfolio.

Chapter 13 – Interesting discussion of collection practices and the probability of getting any money back from a bankrupt borrower.

Folio – This investor wonders why his B-grade notes are not selling on Folio.

  • 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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