• Dec. 7, 2016, 6:05 pm

Peer-to-Peer (P2P)

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

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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Prosper and HomeAdvisor announce funding partnership

Prosper and HomeAdvisor announce funding partnership

Prosper Marketplace and national home services digital marketplace HomeAdvisor are partnering to offer home improvement financing on HomeAdvisor’s website. HomeAdvisor screens home improvement professionals via criminal and financial record checks before allowing them access to the HomeAdvisor website. Those professionals ...

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Prosper Marketplace names new CFO

Prosper Marketplace names new CFO

Prosper Marketplace has named David Kimball as Chief Financial Officer, effective March 18. Mr. Kimball has spent the past decade with USAA in a series of positions, most recently as Chief Financial Officer. He oversaw operations including property, casualty, banking, ...

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A deep dive on loan investing

A deep dive on loan investing

Given the recent headlines regarding the struggles in performance of Lending Club’s models, I wanted to revisit some of our closely held views on loan investing. Over the last two years, I have been focused on two major themes — ...

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