Even though Prosper is a private company because the SEC regulates it, every quarter it has to furnish financial statements in a Form 10-Q.
“Our goal is to become more useful to more people over time, and expanding the parameters of our marketplace’s core product to make it more appealing to the very top end of the credit spectrum allows us to do exactly that”
The market has been waiting for the last couple of years for peer-to-peer lending platform Lending Club (Pending:LC) to go public.
Which begs the question: if p2p was built for the individual investor, why is the big money heading to London on Monday?
By chance I had two meetings in the diary this week that, in their own way, went to the heart of what is wrong with our banks.
Dr. Mia Gray opines about the recent Nesta and University of Cambridge report. To recap, Nesta, a UK based innovation charity and staunch proponent of p2p lending.
Peer-to-peer (P2P) lending is a fairly straightforward concept: networked lending between people who want to borrow money with those who want to invest money.
Today p2p lending service Lendico made the first loans from Spanish borrowers available to German investors on the German marketplace.