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.
The bigs news of the week was another stellar month for both Prosper and Lending Club with the latter passing $400 million in new loans on Monday. Several news sites picked up Lending Club’s press release about that milestone. The most interesting article of the week from my perspective was the VentureBeat one where Chris Larsen of Prosper discusses the broken banking system. Enjoy your weekend.
Business Insider – WOW: Peer-to-Peer Lending Site Nears Half Billion Dollars In Loan Originations
Lending Club blog (the official one) – Happy $400MM To Us!
VentureBeat – Prosper takes on Wall Street, hopes to rewire banking
Smartmoney Blog – Should I Join a Direct Investing Program?
Lending Club Blog (not the official one) – First Lending Club Loan Investments
This is London – All together now! Small investors flock to the idea of crowdfunding
Debt Free Adventure – Social Investing with Lending Club
Moolanomy – Borrowing Money from Lending Club and Prosper
Fox Business – Should You Pay Credit Card Debt With a P2P Loan?
