Roundup of Social Lending News – May 12, 2012

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.

This has been a busy week for me with the launch of my new P2P Lending Wealth System video course but I still managed to stay up on the latest industry news. It was good to see Michael from Nickel Steamroller back (after a few weeks away from blogging) with an update on his Lending Club and Prosper investments. Perhaps the most interesting news of the week was the debut of Somolend at the Finovate conference (where they won Best in Show). Somolend has an innovative take on p2p lending focusing on business loans provided through social connections of the business owners. It will debut for investors in January next year and I will have more about this company before they launch. Enjoy your weekend.

Learn Bonds – Peter Renton on P2P Lending: Are You Asking the Right Question?

Finovate – SoMoLend Debuts its P2P Lending Platform

Random Thoughts – Crowdfunding and Lending Club

Your PF Pro – How I Achieved a 13% Rate of Return Investing with Lending Club

Investor Junkie – Improving Your Lending Club Returns

Euromoney – Crowdfunding industry set to pass $3 billion mark

P2P Money Blog (UK) – P2P companies feature in “Most Trusted Loan Provider”

Money Q&A – Easy Steps To Open A Lending Club IRA With No Fees

Nickel Steamroller – May P2P Lending Update

The White Coat Investor – Peer To Peer Lending IRA Fees

  • 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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