Prosper recently published their third quarter results; the company grew originations 6% from the previous quarter to $821 million; reported a net loss of $26.9 million largely due to non-cash charges related to warrants as part of the consortium deal announced this year. Source
Lend Academy provides a resource for new investors in Lending Club and Prosper; their article includes five basic principles for investing in the platforms; the five key elements for investing include: 1) diversify investments 2) expect defaults 3) keep cash balances low 4) automate investing and 5) avoid taxes by investing through an IRA. Source
March was a great month for Lending Club and Prosper any way you slice it. Together the two leading p2p...
Lending Club and Prosper have both been around over 10 years now. A lot has changed since both companies were...
We come to the end of another month and as expected another strong performance was recorded by both Lending Club...
Lend Academy provides details on how marketplace loans are performing at Lending Club and Prosper; delinquency rates have been increasing since the third quarter of 2014; less risky loan grades have continued to report the best performance; lower quality loans have suffered increased degradation specifically since the third quarter of 2014; Prosper has made fewer interest rate changes than Lending Club and it seems its higher risk loans are performing slightly better; Lending Club announced additional changes to the platform on January 18th. Source
Lend Academy talks with Prosper's CEO David Kimball in their podcast; David Kimball was previously CFO and became CEO in December; he talks about some of the company's challenges in 2016; provides details on the platform's investors, origination volumes and financing controls; he also discusses the firm's $5 billion investment deal and how it is affecting the business. Source
This morning Lending Club and Prosper crossed another major milestone. There have now been more than $2 billion in total...
There has been a lot of news recently with regards to interest rates and loan performance on the Lending Club...
Happy Halloween everyone. October is in the books and there is nothing spooky about the results from Lending Club and...