Businesses ask Kickfurther participants to fund their inventor, and, if a funding goal is met, Kickfurther buys the inventory and gives it to the business. The business then sells it, returning a percentage to the backers.
Peer-to-peer lender Bondora is preparing to launch a pan-European lending platform after securing $5m of financing from one of the early backers of Lending Club, the world’s biggest P2P company.
After the close yesterday, Lending Club (NYSE:LC) reported strong quarterly numbers with key figures growing over 100%. The FinTech company that only went public back in December trades at a lofty valuation (…)
Granted, it will be critical to maintain safeguards to prevent lenders from getting fleeced. But provided that’s the case, it seems like a combination of old-school financial engineering and new-fangled Internet connectivity could deliver a modern solution to the problem of financing small companies.
The fourth-quarter performance and the company’s outlook for the current quarter were a bit of mixed bag relative to Wall Street’s expectations (notably, the full-year outlook was light on anticipated profit)
LendingClub’s first post-IPO results are in, and they are not great. The P2P lending marketplace reported a 2014 loss of $32.9M, a contrast with 2013.
SoFi securitization is a big deal in the P2P lending industry. Learn more about securitization and why this SoFi announcement is significant.
A slush fund for a rainy day emergencycourtesy of your friends, not a banker.