Posts Tagged ‘ Lending Club ’

Lending Club, Well that was unexpected.

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

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

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?

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..

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

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

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

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

How Equity Crowdfunding is Different Than Buying StocksMotley FoolIn this clip from Industry Focus: Tech, Motley Fool analyst Dylan Lewis interviews Indiegogo founder Slava Rubin and MicroVentures founder Bill Clark -- about how investing in equity crowdfunding deals is different than [...]

VentureBeatFundThis creates a 'risk free' crowdfunding platformVentureBeatFundThis is launching a new “risk-free” crowdfunding platform to enable creators to raise money for new projects, ranging from fashion ideas to tech projects. The Boca Raton, Fla.-based company is also [...]

Fast CompanyCan crowdfunding save DIY music spaces post-Ghost Ship?Fast CompanyBrooklyn's Shea Stadium needs some cash. The eight-year-old underground music venue took to Kickstarter today to raise money for the renovations and local permits it needs to reopen as a legally legit [...]

Crowdfunding: Alternative source for SMEs financingVanguardIn Nigeria, there are no known laws that guide crowdfunding unlike in U.S, Canada, Turkey, United Kingdom and elsewhere in Europe where the practice is heavily guided by legislation. Though crowdfunding is yet to be fully embr [...]

Business InsiderRevolut is raising another £4 million through crowdfunding — but this time it's going for SeedrsBusiness InsiderThe reason Revolut is announcing the crowdfunding now even though it's not actually doing it is because it's using the announcement as a chanc [...]

Lexology (registration)Crowdfunding - UpdateLexology (registration)Since 1 February 2017 Crowdfunding finally has a legal framework, so, from now on, crowdfunding platforms must obtain permission from the FSMA. The Act of 18 December 2016 (hereinafter "The Act") regulating t [...]

DeadlineFan-Owned Legion M Launches New Crowdfunding Round | DeadlineDeadlineLegion M, which has had a hand in movies like the upcoming Colossal, has been approved to begin a Regulation A+ round of equity crowdfunding.Fan Funded Entertainment: Legion M Launches Qualified Reg A+ ...Cro [...]

Eater SeattleBlack and Tan Hall Making Final Push to Open With Crowdfunding ...Eater SeattleBlack and Tan Hall, an upcoming music venue/restaurant project in Hillman City that aims to unite the diverse neighborhood, is nearly open. The owners are ...and more » [...]

http://hamodia.comKnesset Approves Changes to Advance Crowdfundinghttp://hamodia.comYERUSHALAYIM - The Knesset Finance Committee has approved changes to existing statutes that will accommodate crowdfunding, allowing small companies and start-ups to issue prospectuses to potential inve [...]

Rentivo, a Vacation Rental Platform, Exceeds Crowdfunding Target by 36%Yahoo FinanceRentivo (rentivo.com), a vacation rental marketing/management software company, today announced it has successfully oversubscribed its CrowdCube.com crowdfunding campaign, raising £341K/$425K and excee [...]

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