Posts Tagged ‘ Lending Club ’

Lending Club, Well that was unexpected.

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By Bo Brustkern, CEO NSR Invest, Crowdfund Beat Gust Post, I certainly didn’t think I would be reading about Renaud Laplanche’s resignation as CEO of Lending Club while drinking my morning coffee last Monday. Since then, the news hasn’t gotten any better and emotions are… shall we say, running high? Here at NSR Invest we have fielded a large number of calls from anxious investors over the past several days, so in lieu of our traditional monthly newsletter I figure let’s just talk about Lending Club. But before I weigh in, I need you to keep a couple things in mind. First, this short missive can…

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SEC’s Rules for Title III of the JOBS ACT may Now be Closer

SEC’s Rules for Title III of the JOBS ACT may Now be Closer

By Irene Tordera , crowdvalley.com, Three full years have passed since the JOBS Act was signed. In this time, the SEC has translated into rules only some of the Titles within it, for example TItle II and Title V, but has not acted yet on Title III, which should open online investing to retail investors. However, in these weeks there are signs that the situation may change. Six Congressional Democrats issued an open letter dated October 5 to SEC Chair Mary Jo White, begging the regulator to issue the long-overdue rules to implement crowdfunding under Title III. Additionally and most notably,  the Financial Industry Regulatory Authority…

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Marketplace Lending Growth Hinges on Data and Analytics Capabilities

Marketplace Lending Growth Hinges on Data and Analytics Capabilities

By Richard Kelly,   NewOak Managing Director, CrowdFundBeat Guest post Last week, the Structured Finance Industry Group presented a panel discussion on marketplace lending in New York. The panel included representatives of marketplace platforms (including Lending Club, the market leader), an institutional purchaser (a fund), a rating agency and a lawyer specializing in the area. Here are a few key takeaways:   1. The sector is growing, both in loan volume and the number of new platforms, but: a. this growth has put pressure on both rates and underwriting standards b. proliferation of platforms will lead to shake-out and consolidation 2. The basic product remains the three- to…

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On the Efficacy of Alt Lending Platforms

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By Pascal Bouvier, CFA General Partner at Route 66 Ventures, I will start with a few definitions to set the stage. By Digital Alternate Lending Platforms (Digital Alt Lenders) I mean a new generation of non-bank lenders that originate, underwrite and provide credit across a variety of asset classes via a digital platform, with the use of varied data sources, some traditional, some non-traditional, advanced data analytics, big data technology and machine learning. Digital Alt Lending is the act of lending by Digital Alt Lenders. By Marketplaces I mean a subset of the Alt Lenders universe, where the marketplace originates, underwrites, arranges for providing lending by connecting borrowers and lenders.  A marketplace will…

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WATCH: LendingClub CEO on Peer To Peer Lending Revolution

P2P Lending and Big Data : Banking on the Non-Banks

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By Saurabh Sharma, Indus Insights, CrowdFundBeat Guest Editor, Banking on the Non-Banks Online and Peer-to-peer (P2P) lending, the practice of money lending that circumvents traditional banks, is enjoying explosive growth and popularity with no signs of abatement in the early part of the year. Companies established in the marketplace are facilitating billions of dollars of loans. One of the first industry entrants and the largest player in the market, Lending Club, raised $900 million in last year’s largest technology public offering and is now engaged in a joint venture with Google. With this IPO, Lending Club now has a market capitalization of $7.4B, which is…

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Coming to Roost?

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By Steven Cinelli, CrowdFunding Beat, Sr. contributing Editor About three weeks before the Lending Club IPO, I had written a piece concerning the valuation placed on the fin tech platform. Similarly, the review might apply to the other alternative finance platform, OnDeck Capital, which also made their public entrance.    The basic thesis was whether the market was valuing such new forms of alternative finance as technology companies or within the body of financial services.  As shared, if one looks at the metrics used to value finance stalwarts like Wells Fargo or Visa or Capital One, which participate in the same markets, we see multiples of profits, revenues and asset…

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The Bad News About Lending Club..

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By James Alexander, CrowdFunding Beat Guest Editor, Capital Formation for Direct Lenders. …Is Really Good News for Borrowers and Possibly Investors “It’s only the beginning” – that’s how Renaud Laplanche, CEO of Lending Club, nicely summarized the state of marketplace lending today. The bad news is, the incumbents have set a high bar and created a cacophony of also-ran pretendants, challenging investors to find the winners in this high-potential sector. Also brewing on the horizon are uncertain economic times, sure to present their own challenges in the near future. Following are some recommendations of platforms which might warrant investor attention. We particularly focus on those platforms with:…

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Lending Club’s IPO and the Next Phase of Crowdfunding

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By Steve Cinelli, CrowdFunding Beat  Sr.Contributing Editor, Lending Club valued at $5.4bn in IPO The P2P and crowdfunding industry has entered a new, and possibly more legitimate space, in the framework of financial services. I refer to the recent S-1 filing of Lending Club (LC), which elevates the profile of both the company as also the distributed finance industry overall. Lending Club’s claim to an expected $5 billion market capitalization can be viewed as a major success in terms of value creation, market opportunity and the growth of new shadow banking methodologies. We have seen crowd platforms, whether in peer-to-peer lending (P2P) (Prosper and LC), real estate crowdfunding (Fundrise, Realty…

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Lending Club’s IPO and the Next Phase of Crowdfunding

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By Steve Cinelli, CrowdFunding Beat  Sr.Contributing Editor, The crowdfundingindustry has entered a new, and possibly more legitimate space, in the framework of financial services. I refer to the recent S-1 filing of Lending Club (LC), which elevates the profile of both the company as also the distributed finance industry overall. Lending Club’s claim to an expected $5 billion market capitalization can be viewed as a major success in terms of value creation, market opportunity and the growth of new shadow banking methodologies. We have seen crowd platforms, whether in peer-to-peer lending (P2P) (Prosper and LC), real estate crowdfunding (Fundrise, Realty Mogul), SME loan funding (Funding Circle), raise growth…

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CrowdFund Your Credit Card Debt

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NEW YORK (TheStreet — Here’s the situation. You’ve unintentionally run up some credit card debt and the interest is so high that it seems like you can’t get ahead. Your big bank has no desire to help you out, and you wouldn’t dream of asking a friend or family member to help you out of this jam. But what if a crowd of random strangers steps up? That’s exactly the scenario at sites like Prosper.com and LendingClub.com. Borrowers apply for loans and the websites screen the applicants to make sure the lenders will pay the money back. Only 10% get approved, so it’s not a…

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HEADLINE NEWS

ForbesTitle III Crowdfunding For Real, Part IIForbesTitle III of the JOBS Act went into effect last year, and many entrepreneurs and small businesses are curious about if it works and how. I had the pleasure of interviewing several companies that have gone through “equity crowdfunding [...]

EntrepreneurThis Crowdfunding Category Will Blow Up in 2017, Says the CEO of ...EntrepreneurDavid Mandelbrot believes these kinds of products will be big on the crowdfunding platform this year. He also shares his tips for successful fundraising.and more » [...]

The AdvocateCan Equity Crowdfunding Be Fixed?The AdvocateWith the adoption last year of the Regulation Crowdfunding (Reg CF) exemptions by the Securities and Exchange Commissionprivate companies can now raise capital from all 230 million American adults. Until now, businesses have bee [...]

Funerals paid for by crowdfunding are on the riseBBC NewsCharles Wells, chief operations officer for JustGiving, said: "Thinking about the costs of a funeral is the last thing a grieving family wants to do but with the cost of funerals rising JustGiving has seen increasing number [...]

Phys.OrgCrowdfunding expands innovation financing to underserved regionsPhys.OrgThe study found that crowdfunding in a region, and in particular successful technology campaigns, appeared to cause an increase in venture capital funding in the region. This occurs as venture capitalists [...]

Crowdfund InsiderBeatStars & Play Impossible Set to Close Successful Equity Crowdfunding Campaigns on IndiegogoCrowdfund Insiderindiegogo-equity-crowdfunding BeatStars and Play Impossible are set to close their crowdfunding campaigns through Indiegogo and MicroVentures' equit [...]

Telegraph.co.ukWellesley to freeze crowdfunding campaign as it courts City investorsTelegraph.co.ukPeer-to-peer property lender Wellesley is suspending its crowd-funding efforts as it courts City investors to help fund its expansion. Wellesley is set to pause its campaign that asked s [...]

Business Insider UKLondon startup Pact Coffee moved out of its office after failing to raise a £1 million crowdfunding roundBusiness Insider UKPact Coffee's move comes after the startup failed to hit a £1 million crowdfunding target last March. The Crowdcube campaign was terminat [...]

SBC NewsPeople Power – Crowdfunding in igamingSBC NewsWhen asked what advice he'd give a company considering going down this route, Rose told SBC: “A company looking to launch should firstly make sure crowdfunding is really the best option for them. Do you really need to raise mo [...]

BCN Biotech Aromics Nears 100K€ Crowdfunding on Capital CellCrowdfund InsiderSince launching its crowdfunding campaign on Capital Cell, Aromics has raised just over 95,020€ toward its 300,000€ goal for 6.19% equity offered. Cofounded by CEO Dr. Carme Plasencia, CFO and Chairman of the [...]

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