LendingRobot explained

LendingRobot
Type:Private
Foundation:2012
Key People:Emmanuel Marot, Gilad Golan
Industry:Personal finance, Software
Location:Seattle, Washington
Products:Peer-to-peer lending
Homepage:LendingRobot.com

LendingRobot is an automated investment service for Peer-to-peer lending for retail investors.[1] [2] It is based in Seattle, Washington,[3] and was the first SEC-registered Investment Advisor[4] [5] in the Peer to Peer Lending industry.

History

LendingRobot was originally created as a small script by Emmanuel Marot and Gilad Golan to automate their own, personal investments on Lending Club.[6] After discovering that the most popular loans were gone a few seconds only after publication, they decided to offer the service to other individual investors. The first tests with external users were made in September 2013. In the following months, LendingRobot accepted more users while still remaining in private beta.

In April 2014 LendingRobot exited beta[7] and has become the first company to offer automated secondary market note trading on FOLIOfn,[8] a note trading platform for Lending Club.[9]

LendingRobot added support for the Prosper Marketplace in February 2014, and became registered as Investment Advisor with the SEC in April 2014.[10]

It closed first a Seed Round of $700,000 during the spring of 2014,[11] and a Series A financing round of approximately $3 million in January 2015, led by investor Runa Capital[12]

LendingRobot has been listed as a member of "30 Hot Fintech Startups to Watch" by Fox Small Business.[13]

On 3 September 2015 LendingRobot announced a partnership with Lending Club to be the first partner aligned with the Lending Club's latest initiative— Lending Club Open Integration,[14] [15] which allows investors to open accounts through third party websites.

On 20 November 2015 LendingRobot launched a partnership with Funding Circle to offer its clients access to the fractional business loan market.[16]

On 4 April 2016 LendingRobot launched the first multi-marketplace monitoring application for the App Store (iOS) and Google Play store.[17]

External links

Notes and References

  1. News: Cortese. Amy. Loans That Avoid Banks? Maybe Not. 5 October 2015. The New York Times. 3 May 2014.
  2. News: Wack. Kevin. Five Companies to Watch from Finovate. 5 October 2015. American Banker. 1 May 2014.
  3. News: LendingRobot takes the reins to combat investing pain. 5 October 2015. The Seattle Times. June 15, 2015.
  4. Web site: EDGAR Search Results. U.S. Securities and Exchange Commission. 5 October 2015.
  5. News: Soper. Taylor. Startup Spotlight: LendingRobot simplifies peer-to-peer lending for investors. 5 October 2015. Geekwire. 1 May 2014.
  6. News: O'Hear. Steve. LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms Lending Club And Prosper. 5 October 2015. TechCrunch. 1 January 2015.
  7. News: LendingRobot takes the reins to combat investing pain. 5 October 2015. The Seattle Times. 14 June 2015.
  8. Web site: Sabin. Samantha. Investing on LendingClub just got easier. 11 June 2015 . CNBC. 1 October 2015.
  9. News: Schehr. David. P2P Social Lending Networks Morph Into Investment Networks. 5 October 2015. Gartner. 21 October 2008.
  10. News: Soper. Taylor. Startup Spotlight: LendingRobot simplifies peer-to-peer lending for investors. 5 October 2015. Geekwire. 1 May 2014.
  11. News: LendingRobot takes the reins to combat investing pain. 5 October 2015. The Seattle Times. June 15, 2015.
  12. News: O'Hear. Steve. LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms Lending Club And Prosper. 5 October 2015. TechCrunch. 1 January 2015.
  13. News: Marquit. Miranda. 30 Hot Fintech Startups to Watch. 5 October 2015. Fox Business. 18 May 2015.
  14. News: Pylarinou. Efi. LendingRobot and NSRInvest, "les fiancées" of LendingClub. 5 October 2015. Bank Innovation. 24 August 2015.
  15. Web site: Weeks. Ryan. Reputation, Regulation and Retail – An Interview With Renaud Laplanche. Altfi News. 5 October 2015. 30 September 2015.
  16. Web site: Duggan. Wayne. LendingRobot Expands Marketplace Access Via Partnership With Funding Circle. Yahoo Finance. 19 November 2015 . 20 November 2015.
  17. Web site: Tinari. George. Intelligent app monitors your lending portfolios across multiple marketplaces. Cult of Mac. 2 May 2016.

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