Archive for the ‘P2P Lending’ Category
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Loanio Launches!
In a release so delayed that it made the latest installments of Rocky and Indiana Jones seem like nothing, Loanio has launched. If you go back to the darkest corner of your memory you may remember that Loanio announced it will be a peer-to-peer lending company intending to compete with Prosper and Lending Club. [...]
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Prosper Borrowers: Buy My Endorsement For A Better Loan Rate
Note to Reader: I intended the following to be a piece of satire in the same idea of Jonathan Swift’s A Modest Proposal. Since I’ve written about 17 million words being a Prosper “fan boy”, I thought it would be fairly obvious that I wouldn’t hurt the marketplace by actually selling my endorsement. [...]
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Lending Club Update
While I was asleep at the wheel on Friday, Lending Club came through with an update on their quiet period. When we last left them, I declared Lending Club is Dead. I admit that I was going for a sensational headline, but I still maintain that I wasn’t irrational. When a start-up [...]
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I Borrowed Money On Zopa. Here’s Why…
A couple of weeks ago, I went to Finovate Start-up to learn whatever I could from various financial company start-ups and report back to you. I hoped to find three or four gems in the 40 companies that presented. One of the companies that I was least interested in was Zopa. In [...]
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Lending Club is Dead
I, like many other Lending Club members, received a distressing e-mail a couple of days ago. I waited until now to sort out how I feel about things. Here are the highlights that I found interesting:
Lending Club has started a process to register, with the appropriate securities authorities, promissory notes that may be [...]
