• Apr. 29, 2017, 2:22 am

Peer-to-Peer (P2P)

Sometimes it’s best to rely on the kindness of strangers when borrowing money.

Funding Circle lands $100M equity investment

Funding Circle lands $100M equity investment

Small business lending platform Funding Circle has raised $100 million in equity capital. Accel led the round, which included participation from existing investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek, and Union Square ...

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Canadian P2P Lending Loop open for business

Canadian P2P Lending Loop open for business

Toronto-based Lending Loop, a platform connecting small businesses in need of financing with Canadian investors,  is open for business after completing its registration with the Ontario Securities Commission and additional regulators. It is available in every Canadian province except Quebec. ...

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Prosper launches Credit Card Optimizer

Prosper launches Credit Card Optimizer

Prosper Marketplace has enhanced its Prosper Daily app by adding a feature to help users better manage their finances by reducing debt. Credit Card Optimizer provides payment reminders, interest bearing balances by card and other information which helps people avoid ...

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Learning from online lending’s stumble

Learning from online lending’s stumble

“For online lending to regain its footing, it must address the risks inherent in the emerging asset class and clean up the ecosystem.” Online lending had enjoyed significant wind in its sails over the past five years. Aided by the ...

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Investor group suing Lending Club

Investor group suing Lending Club

The Shareholders Foundation has filed a lawsuit in California on behalf of some purchasers of shares of Lending Club over alleged securities law violations by the marketplace lender. The suit alleges Lending Club made inaccurate statements and/or failed to disclose inadequate internal ...

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DriverUp hires CTO

DriverUp hires CTO

Online automotive financing marketplace DriverUp has hired tech veteran Anthony Fratiani as its Chief Technology Officer. He will oversee the build out of DriverUp’s consumer-facing side. “We are thrilled about Tony joining DriverUp and bolstering our technology pedigree,” CEO and co-founcer Sam Ellis said.  “Our mission is ...

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Of broccoli and fractals

Of broccoli and fractals

Blue Elephant Capital Management’s Brian Weinstein always has something interesting to say about the world of investing. This month he compares broccoli and fractals.   Writing something new and (hopefully) interesting every month isn’t easy. I’ve been lucky in some ...

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