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.
Rise of alternative finance could put business bankers’ incumbency at risk from City AM (UK) – Why p2p lending is bad news for banks but good news for the economy.
Investors per Loan on Prosper from Orchard – Around 50% of loans issued at Prosper this year have been whole loans with just one investor.
Is a Peer-to-Peer Loan Right for Your Small Business? from Credit.com – Brendan Ross takes a look at the expansion of p2p into small business lending.
Riding the Wave: The Return Curve at Lending Club & Prosper from LendingMemo – Why new investors need to temper their expectations at Lending Club and Prosper.
Unbundling Trend Allows P2P Lending Services to Challenge Banks from Wiseclerk (video) – Fred Wilson of Union Square Ventures gives a talk at LeWeb discussing disruptive companies like Lending Club, Funding Circle and Auxmoney.
Q & A with Nickel Steamroller – A Look Into What’s to Come from Peer & Social Lending – Nickel Steamroller 2.0 is about to launch and here is an interesting Q&A with Michael Phillips, the founder.
Lending Club Update: Backing Out from Sustainable Life Blog – This Lending Club investor did not have a good experience and is getting out.
IBISWorld Report: P2P Lending Revenues Grew 27.6% in 2013 from Crowdfund Insider – A new report is out looking at the state of p2p lending globally.
P2P Lending: Finally, It’s a Wonderful Life from Fox Business – Good article by Jeff Crowe of Norwest Venture Partners on why p2p lending harkens back to a bygone era.
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.
New platform features – A couple of minor updates at Lending Club this past week.
Borrower buys their own debt – What is to stop a borrower buying their own note and then selling on Folio at a discount?
LC Adjusted Nar Percentages — FolioFN Purchases – Buying In Grace Period notes at a discount to increase returns.