Lending Club Blog

Peer-to-peer lending: everyone is a banker

We are actively monitoring all your comments, concerns, and questions you post. Our team has noticed there seems to be a more active pursuit of lending money. This makes us here at Lending Club quite happy. Thirty One loans out of the gate currently after only less then a week online is a great start for a new company.

The other item that really makes our assessment to go live with Facebook f8 launch is the fact that all we are saying so far is coming true. Where else could you observe a group of people that has pitched in more money to loan their friends and associates? This comes as not a big surprise, as we chose this method of going “live” on a solid platform user base. We saw Facebook as opportunity, and the future has spoken.

What are they saying? We are hearing that everyone (that is capable) desires to be a banker. It is not only being a banker that is compelling to them, but they want to pitch in their money to be of assistance to others. This is building a stronger community piece by piece. Lending Club encourages and is pleased to see such an out pouring of social networking spirit. The community is what is going to dictate our next steps.

We have a strategy in place, but we are listening to the “bankers” and the “clientele” that are out there. It’s been too many years now where you didn’t have a choice on how to allocate where your money goes. Now you have an alternative via Facebook.

We’re not the bank, you are. At Lending Club, we get the banks out of the way and let you be the lender. That makes you the bank. Congrats!

To find out more, please refer to the page: How It Works.

Thursday, May 31st, 2007 at 10:00 am

Comments (2)

  1. Jonathan:

    I think that there continues to be a deep desire to lend directly
    to people and whilst peer to peer lending can never hope to take
    over from the banking and loans sector it can generate a
    significant market share in it’s own right.

    September 26th, 2010 at 11:58 am

  2. Domaci:

    You guys have made some very big progress from your early days in
    2007. Keep going!

    January 17th, 2011 at 2:21 pm

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