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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NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

EntrepreneurWhy Some Small Business Owners Are Turning to Crowdfunding to Save Their CompanyEntrepreneurMany owners of beloved local businesses, especially in pricier cities, have been forced to swallow their pride and appeal to their customers in times of crisis -- a process streamli [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

Crowdfunding bid to cut car cover for millennialsThe TimesAn insurance start-up that claims it can reduce premiums for millennials will launch a £15m initial coin offering (ICO) next month in another sign of the growing frenzy over digital currencies. InsurePal will use the funds rais [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

CoinDeskKickstarter ICO? Don't Count On It Says Crowdfunding Leader ...CoinDeskThe company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that compet [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

CryptoCoinsNewsCrowdfunding Giant Indiegogo Looks to Make ICOs MainstreamCryptoCoinsNewsCrowdfunding platform Indiegogo has a plan to help initial coin offerings (ICOs) break into the mainstream, even as the U.S. Securities and Exchange Commission (SEC) is ramping up its oversight of [...]

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