Lending Club’s terrible twos
Whatever Lending Club does, however, it will need to do it soon, as its share price continues to suffer. As the writing of this piece, it is a $5.56 per share — a far cry from the $15 it started at two years ago. Read more: www.pymnts.com
Cryptocurrency crowdfunding experiment ends in disaster
Wildly successful DAO crowdsourced venture fund using Ethereum currency will now shut down. Read more: www.inc.com
How the biggest change to crowdfunding is affects investors
Crowdfunding is facilitating a growing number of projects -- and now the trend just became MUCH more accessible to investors. Read more: www.biggerpockets.com
Chinese P2P lender Ppdai.com plans US IPO
A Shanghai-based company is banking on U.S. investors’ appetite for China’s fast-growing peer-to-peer lending industry. Read more: www.wsj.com
Funding Circle grabs $100m as its UK business hits profitability
Peer-to-peer (P2P) lending platform Funding Circle has raised $100m in a Series F round led by Accel Partners. Read more: www.fintechroundup.com
Explanatory memo on Australian crowdfunding legislation
Here is the explanatory memorandum on the Australian crowdfunding legislation that is expected to soon become law. Read more: www.crowdfundinsider.com
Barclays mobile banking app approves SME loans quickly
Barclays has unveiled a new mobile service for SMEs in the UK that provides almost instant loans. Read more: www.crowdfundinsider.com
What alt-lending slump?
This week in B2B venture funding activity, we see the trend change as an alternative lender from the U.S. secured the largest investment round of the week. Is this a fluke, or are things beginning to change? Read more: www.pymnts.com
Zopa becomes first P2P lender to pass £2bn milestone
The company says it has facilitated 300,000 loans since launching 12 years ago, matching 246,000 borrowers with more than 75,000 investors. Read more: www.fintechroundup.com
Should you get into real estate crowdfunding?
One buzz word that’s fast making waves among real estate investors is “crowdfunding”. But there are many investors who’re hesitant to embrace the concept, wondering if it’s a trend that’s set to remain or just a passing fad. Read more: realtybiznews.com