2014 was the biggest year yet for peer to peer lending and in turn was the biggest year for the Peer & Social Lending blog. I’ll hit on some of the highlights of the past year as well as talk about what I anticipate in 2015 for this site. Most importantly, in 2014 we had not only 1, but 2 companies go public – Lending Club and OnDeck. The Lending Club IPO was an astounding success and I’m excited for what news we will hear from Lending Club in 2015. In 2014, I also began investing in Prosper. Seeing the success of Lending Club’s IPO I think it’s likely we will see Prosper file for an IPO in 2015. [Read more…]
By now you’ve probably heard that Lending Club has filed to go public. Lending Club will now be in a “quiet period” until after the IPO actually occurs. If you’re interested in digging in yourself, you can view the SEC related documents here:
There has been some talk regarding whether the IPO will be available for retail investors. For an industry that started with mostly retail investors, I hope Lending Club does their best to make this possible. After all, we are talking about something that once represented true “Peer to Peer Lending” I’m hopeful and signed up to be notified of new IPOs through Loyal3. If you haven’t heard of Loyal3, it is an easy way for retail investors to purchase stocks of well known U.S. companies. Most recently, they have allowed retail investors access to the GoPro IPO.
This is solely just speculation on my part, but if you want to get notified of upcoming IPOs offered through Loyal3 – you can do so through my below (affiliate) link:
Today I am excited to launch a new part of Peer & Social Lending called Peer & Social Lending Press. The idea came from the many news and press releases that I receive via email from companies in the industry. This information isn’t the best fit for this blog, but it certainly deserves attention. In my mind, there needs to be a central location where these news stories are posted and I hope that is what Peer & Social Lending Press will become. Content will cover a broader range than this site and will feature all of the major players in the peer to peer lending industry. Keep an eye out on the new site as well as twitter for when press releases are posted.
Check out the new site here:
As social lending continues to mature, it comes to no surprise that the third party automation tools continue to mature with it. I’m excited to share that LendingRobot is now registered with the US Securities and Exchange Commission as an Investment Advisor. If you are a Lending Robot user you already received an email earlier this week. Besides this being a step in the right direction for third party tools, this change also comes with a new fee structure which I’ll outline below. I’m hoping this change will also prompt retail investors who were previously reluctant about using a third party tool to reconsider. [Read more…]
LendIt – the leading conference for p2p lending is May 4-6 2014. Through a combination of credit card rewards, generous friends in the area offering a couch and a great p2p lending community – I am extremely excited to announce that I will be in attendance! I never thought that this would be a possibility for 2014 and I can’t wait to be immersed with a group of people and companies who are just as excited as I am about the p2p lending industry. I am committed to creating valuable content for readers and learning more about p2p lending will only continue to keep me motivated. This an interesting time in history as traditional banking continues to be disrupted. If you’re going to be at LendIt, be sure you stop and say hi! I’ll be the one lobbying for LendIt 2015 to be in Wisconsin 🙂
If you want to learn more about LendIt 2014 check them out online here:
I try not to get too philosophical when I write, but I couldn’t pass this one up. Over the course of the past month or so (from a week before Christmas to now) I’ve had five notes turn from Current to Grace Period. [Read more…]
As we approach the end of 2013, I want to say thanks to all of our readers. We are happy that we are able to provide content that others find valuable. The site has been around since May, 2013 and even though that seems like a short amount of time, I feel like we have been able to accomplish a lot and hope bigger things are in store for peer to peer lending and the site in 2014.
GroundFloor announced the details behind their pilot 100% crowd funded real estate investment project today. They’ve chosen to base it in the city of Atlanta so that they can take “…advantage of Georgia’s innovative securities laws and the Invest Georgia Exemption.” Their goal is still to make real estate investing available to all regardless of net worth and income. Essentially they are trying to do to real estate what Lending Club and Prosper have done with traditional loans. This is a company that we’ve been watching for some time now and it’s exciting to see them finally release their first project.
The pilot project will open on November 20th, 2013 with minimum investments at the $100 level. Their goal is to raise $300,000 to fund two loans. These loans will be used to refinance, renovate, and lease a Midtown residential development. Sadly, you must be located in Georgia to invest in this project which makes it inaccessible all but the 3% of the US who live there.
If you’re interested in more information about GroundFloor or want to invest in their pilot project (must be located in Georgia) please check out their website. If you’re interested in their most recent press release (11/11/2013) you can find that online as well.
We’ve been busy here at Peer & Social Lending and have created a basic guide to investing with Lending Club that you can get for free! Simply subscribe to receive updates on the right side of our homepage and we will send you the free guide once you confirm your email. We have taken much of the information we learned as new investors in Lending Club in hopes to help others who are considering adding peer to peer lending to their investment portfolio. The guide will serve as a starting point for those new to investing in Lending Club and we hope you find it valuable. Feel free to contact us with any feedback.
-Brian & Ryan
We were previously known as Lending Club Statistics. There were several reasons that prompted this change, but ultimately we decided that since we were interested in more peer & social lending companies that our domain name should reflect that. An example of this is when we featured a Q & A from a new peer to peer real estate company groundfloor. We will be continuing to focus on popular companies like Lending Club and Prosper, but will not be limiting ourselves to those topics.