Comments on: Lending Club: Built and Maintained for Safety

By: John

John — Tue, 29 May 2007 18:36:02 +0000

Brett, We believe that the entire person-to-person lending space is
better off by having a variety of solutions. Each company is
expanding the space and helping consumers get better interest rates
than would otherwise be available. We are tying with pre-existing
communities to offer a solution based on the trust that already
exists within that community. We provide rates directly to
borrowers, and we offer a portfolio tool to lenders, called
LendingMatch, which allows lenders to fund a diversified set of
loans. What do we do? Lending Club is an online lending community
where people can borrow and lend money, bypass banks and get better
rates. By working together, members can borrow money more easily
and at a better rate than they would get from a bank, or invest in
a portfolio of loans at higher rates than those served by savings
accounts or CDs. A proprietary technology called LendingMatch™
helps match lenders with borrowers using connections established
through social networks, associations and online communities, and
build diversified portfolios based on lender preferences. "http://www.facebook.com/profile.php?id=557287311">John

By: Rex Dixon

Rex Dixon — Tue, 29 May 2007 17:48:02 +0000

Brett, You bring up a really good question. From my perspective at
least, we feel we should be showing what Lending Club has to offer.
It isn't fair to the 3 sites you mention, or to LC to start doing
comparison's at this stage. We are a new company.Let us show you
how we run first. I believe Renaud or John may address this
further. Rex

By: Brett Rogers

Brett Rogers — Tue, 29 May 2007 16:18:42 +0000

That's helpful, thanks - I'll check it out. How do you guys compare
to, say, Zopa, Prosper, or CircleLending? Your blog doesn't tell me
that.