News and tips for the peer to peer (P2P) loan marketplace
Friday, October 17, 2008
Lending Club rapidly adding more states
On Tuesday, Lending Club completed their registration with the SEC and opened for lenders from 15 states. Already, in less than a week, they have added four more states - Utah, Wyoming, Hawaii, and Nevada. We expect Lending Club to continue to rapidly add states as they work with state regulators.
Lending Club's re-emergence could not have been timed better. With Zopa and Prosper now closed, Lending Club now only has to compete with upstart Loanio for the p2p lending market.
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