Posts Tagged ‘ Prosper ’

The Future of Marketplace Lending with Ron Suber, President of Prosper

Prosper Marketplace Announces Partnership With Western Independent Bankers

Prosper Marketplace Announces Partnership With Western Independent Bankers

CrowdfundBeat News Wire,  SAN FRANCISCO–(BUSINESS WIRE)– Prosper Marketplace, a leading marketplace lending company, today announced that it has signed an exclusive WIB Endorsed Program partnership with Western Independent Bankers (WIB). This deal will give WIB member banks, which include more than 160 independent and community banks in 13 western states in the U.S., unprecedented access to affordable consumer loans through the Prosper platform. “Independent banks are essential to the health of the American economy, but in order to compete and win customers, they need to be able to offer compelling products that are competitively priced and easy to understand,” said Aaron Vermut, CEO at Prosper. “Prosper has…

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Peer-to-Peer Lending – a $1-Trillion Marketplace

By Jeff Fortin,  CrowdFunding Beat Guest Contributor, In 2006, Lending Club embarked on a new adventure with the matching of lenders and borrowers though and online platform, which started on rocky ground, yet has transcended into a $8.6B operating company following a successful Initial Public Offering, reaching 65% premium over issue price. Image, alternative banking, online partners, lenders and borrowers. What started as a solely peer-to-peer model has reached into the various forms of institutional investors. The emerging space is evolving into marketplace lending. The market reaching $1-Trillion, as projected by Foundation Capital, in available lending possibilities is only being scratched with the numerous players from…

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Prosper Marketplace Surpasses $2 Billion in Personal Loans on its Platform

CrowdFunding Beat News Wire, October 27, 2014 11:46 AM Eastern Daylight Time SAN FRANCISCO–(BUSINESS WIRE)–Prosper Marketplace (www.prosper.com), a leading online marketplace for consumer credit, today announced more than $2 billion in personal loans have been originated through its platform, just six months after reaching the $1 billion milestone in April 2014. Year to date, Prosper has originated more than $1.2 billion in loans through its platform. “As Prosper continues on this path of rapid growth, we are focused on investing in our people, products, and in building out a world-class customer service team to ensure the best possible experience on our platform.” “It took us…

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D3 Banking has closed $7 million in funding fromRoute 66 Ventures. Based in Omaha, D3 Banking is a digital banking platform

CrowdFunding Beat News Wire, D3 Banking has closed $7 million in funding fromRoute 66 Ventures. Based in Omaha, D3 Banking is a digital banking platform. PRESS RELEASE OMAHA, Neb.–(BUSINESS WIRE)–D3 Banking, the leader in Data Driven DigitalTM banking, announced today that it raised $7 million in equity capital from Route 66 Ventures, LLC. D3 Banking offers a single platform solution that provides regional and community financial institutions with a comprehensive set of data driven digital banking services for any computer, smartphone, tablet or other digital device. Route 66 Ventures, LLC is a private investment firm that provides venture capital, private equity and venture debt to emerging…

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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

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

LITTLE GUIDANCE FROM IRS ON TAXING CROWDFUNDING CONTRIBUTIONSBloomberg BNAWe've all heard the stories of crowdfunding appeals that go viral. Whether it's a musician raising money to produce an album, an inventor with a great idea, or a family in distress that needs help, cro [...]

VCCircleNew trends in crowdfunding that make it a potent fund-raising toolVCCircleOver the years, crowdfunding has become popular among entrepreneurs mainly because it's a great way to test the waters before you actually launch the product or service. You understand your idea [...]

FortuneIndiegogo's Difficult Path to Offering Equity CrowdfundingFortuneIndiegogo founder Slava Rubin discusses how Indiegogo's equity crowdfunding service has been performing since its launch in 2016. Photograph by Indiegogo. E-mail; Tweet; Facebook; Linkedin. Share icons. [...]

Telegraph.co.ukSkiTelegraph.co.ukBut now, to supplement her fast food income and to be more certain of joining her older sister Katie, a fixture on the Park and Pipe team, Summerhayes has launched a crowdfunding campaign with PledgeSports to raise some money towards her travel and ... [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

NewshubWoman born without vagina crowdfunding surgeryNewshubThe family of a woman born without a vagina has started a crowdfunding campaign to receive reconstructive surgery. Kaylee Moats, from Arizona, lives with Mayer Rokitansky Küster Hauser syndrome (MRKH) meaning she has no cervi [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Global Crowdfunding Market 2017-2021PR Newswire (press release)Global Crowdfunding Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The rep [...]

AOL UKShould you forget the stock market and focus on crowdfunding?AOL UKIn recent years, the popularity of crowdfunding has soared. For example, in 2016 the amount raised through crowdfunding surpassed venture capital funding for the first time in its history. By 2025, it is estimate [...]

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