Roundup of Social Lending News – May 18, 2012

I am a day early with my weekly news roundup this week because I am heading off on vacation with my family for a few days. But here is the major news of the past week that I shared on Twitter.

We had many blogger updates this week and we also saw not one but two new p2p lending companies launch in the UK. It really is a vibrant marketplace across the pond and just shows what kind of innovation would be happening if the regulations here were not so burdensome. Speaking of innovation I want to point out the article on Gigaom about Lenddo, a new kind of lender that takes social connections into account when making loans. While not a p2p lender they are using many principles that could (and probably will be) easily be adapted by p2p lenders in the future. Enjoy your weekend.

My Money Blog – Prosper vs. LendingClub: Credit Card Debt Consolidation Loan Comparison

Random Thoughts – Lending Club Loan Issued Date and Default Rate

Bible Money Matters – Lending Club Returns Closing In On 12%

Wiseclerk (UK) – Squirrl Launch – Secured Loans to Suppliers

Gigaom – Credit scores, with a little help from your friends

MarketWatch – SoMoLend Closes $1.17M Seed-Round

FT Advisor (UK) – Massow launches peer-to-peer lending venture

Lending Club Experience – Ten Months on Lending Club, Brutal Reality Hits

Lucrative Lending – P2PXML Rate Groups: An Attempt to Standardize Loan Grades Across P2P Lending Platforms

Fast Company – Shaking Up Crowdfunding

Narrow Bridge Finance – Lending Club Update – May 2012

Lucrative Lending – Invest in P2P Lending While in Debt? Generally Not a Good Idea.

  • 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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