LendingRobot
 | |
| Company type | Private |
|---|---|
| Industry | Personal finance, Software |
| Founded | 2012 |
| Headquarters | Seattle, Washington |
Key people | Emmanuel Marot, Gilad Golan |
| Products | Peer-to-peer lending |
| Website | 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
[edit]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[citation needed], 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
[edit]- Company Website LendingRobot official website
References
[edit]- ^ Cortese, Amy (3 May 2014). "Loans That Avoid Banks? Maybe Not". The New York Times. Retrieved 5 October 2015.
- ^ Wack, Kevin (1 May 2014). "Five Companies to Watch from Finovate". American Banker. Retrieved 5 October 2015.
- ^ "LendingRobot takes the reins to combat investing pain". The Seattle Times. June 15, 2015. Retrieved 5 October 2015.
- ^ "EDGAR Search Results". U.S. Securities and Exchange Commission. Retrieved 5 October 2015.
- ^ Soper, Taylor (1 May 2014). "Startup Spotlight: LendingRobot simplifies peer-to-peer lending for investors". Geekwire. Retrieved 5 October 2015.
- ^ O'Hear, Steve (1 January 2015). "LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms Lending Club And Prosper". TechCrunch. Retrieved 5 October 2015.
- ^ "LendingRobot takes the reins to combat investing pain". The Seattle Times. 14 June 2015. Retrieved 5 October 2015.
- ^ Sabin, Samantha (11 June 2015). "Investing on LendingClub just got easier". CNBC. Retrieved 1 October 2015.
- ^ Schehr, David (21 October 2008). "P2P Social Lending Networks Morph Into Investment Networks". Gartner. Retrieved 5 October 2015.
- ^ Soper, Taylor (1 May 2014). "Startup Spotlight: LendingRobot simplifies peer-to-peer lending for investors". Geekwire. Retrieved 5 October 2015.
- ^ "LendingRobot takes the reins to combat investing pain". The Seattle Times. June 15, 2015. Retrieved 5 October 2015.
- ^ O'Hear, Steve (1 January 2015). "LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms Lending Club And Prosper". TechCrunch. Retrieved 5 October 2015.
- ^ Marquit, Miranda (18 May 2015). "30 Hot Fintech Startups to Watch". Fox Business. Retrieved 5 October 2015.
- ^ Pylarinou, Efi (24 August 2015). "LendingRobot and NSRInvest, "les fiancées" of LendingClub". Bank Innovation. Retrieved 5 October 2015.
- ^ Weeks, Ryan (30 September 2015). "Reputation, Regulation and Retail – An Interview With Renaud Laplanche". Altfi News. Retrieved 5 October 2015.
- ^ Duggan, Wayne (19 November 2015). "LendingRobot Expands Marketplace Access Via Partnership With Funding Circle". Yahoo Finance. Retrieved 20 November 2015.
- ^ Tinari, George. "Intelligent app monitors your lending portfolios across multiple marketplaces". Cult of Mac. Retrieved 2 May 2016.