Peer To Peer Lending Crosses $1 Billion In Loans Issued

Peer to peer (p2p) lending was always an idea with great potential. It is a simple concept. Match people who want to borrow money with people who want to invest money.  Today Lending Club and Prosper are thriving as the industry is gaining widespread support from borrowers and investors alike.

With greater than 100% year over year growth p2p lending is one of the fastest growing investments. Industry volume is now over US$50 million in new loans a month and over the Memorial Day long weekend total loan volume passed the US$1 billion mark since the industry began back in 2006.

Read more

Prosper Introduces New Premier Investor Service

Prosper has introduced a new automated investing service for investors. Called Prosper Premier it will allow new and existing investors to setup automated investing very quickly and easily.

Read more

Prosper Announces the Creation of Bankruptcy Remote Entity

Prosper are working on a bankruptcy remote vehicle that will hold the notes for investors. They are effectively splitting the company into two part – Prosper Funding LLC will offer the notes to investors and Prosper Marketplace Inc. will service the notes and provide the technology platform.

Read more

The future for banking is cloudy

There is a fundamental change taking place within the banking industry. Cloud computing is the next revolution in internet technology and the banking industry is at the frontline of change.

Read more

Small Business Spotlight: Precious & Few

Entrepreneurs everywhere are turning to Prosper.com to start or expand their small businesses. Online retailers in particular are growing rapidly – and they are increasingly finding financial solutions to their challenges with Prosper.com.

Read more

How peers can solve borrowing headaches

Lending without the middleman is booming – the premise behind social lending is to cut out the middleman by matching lenders and borrowers directly, and to mutual benefit. So, borrowers can bypass reluctant banks and access lower interest rates and investors beat the paltry high street returns.

Read more

An Apples to Apples Default Rate Comparison

Bringing Standardization to P2P Lending, to facilitate a legitimate comparison between Lending Club and Prosper default rates.

Read more