Archive for the 'P2PLending' Category

BarCampBanks all over the USA

Long time, no posts. I have indeed been quite absent from this blog for a while. For my excuse, I have been quite busy working on FundCamp and in particular FundCamp France 2008 (FR). But I have here a particular occasion to come back and post some exciting news: BarCampBanks are going to be organized in San Francisco March 29 and in New England Apr 5; there’s also an event that should be happening in Dallas in June. How exciting!!! I hope that Europe is going to have its lot and that the session in London is going to happen soon, so that my 2008 travel budget does not go through the roof.

Jim Bruene from NetBanker was first to release the news. Jesse Robbins has just posted the announcement on Radar O’Reilly. I’m excited to meet both of them soon on one of these BarCampBanks (full disclosure, I have a firm flight reservation for SFO March 26). I’m also excited to meet all the barcampbankers and fi-startups there. If you can, I think it would be worth coming to any of these events.

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LendingClub secures $10M in Series A

LendingClub just announced that it secured a Series A round of $10M from Canaan Partners and Norwest Venture Partners. Seems like things are really accelerating and VCs are pouring more and more money in new financial startups.

 We spotted LendingClub at BarCampBank a while back and put them on our Bank & Finance Watch site. Seems like we are going to live a rapid increase in the number of startups we’ll follow on our site and witness more and more funding for a selection of these.

Virgin acquires majority stake in CircleLending

The announcement of Virgin’s acquisitive move is interesting on two fronts.

First, with a major household name like Virgin, peer-to-peer lending is gaining respectability (funny indeed).

Second, Richard Branson – even if categorize has a respectable lord – has always been a hell of a disruptor; so acquisition should be hinting the diehards that there’s definitely something cooking up.