Piggy-backing on the recent launch (and massive funding) of SoFi, a new startup is launching today that wants to breathe some fresh air into the broken, complex and mollasses-slow student loan system.
New York City-based CommonBond aims to bring the power of crowdsourcing to bear on student debt by connecting student borrowers and alumni investors and offering loans at a lower fixed rate than… → Read More
Peer-to-peer lending sites are hot again among investors of all stripes. Lending Club today announced a new $25 million Series D financing, led by Union Square Ventures (with existing investors participating). The funding comes on the heels of a $17 million round Eric Schmidt and DFJ put into competitor Prosper in June.
In July, Lending Club generated $20.6 million in new loans, compared to… → Read More
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