Peer to peer lending was a fascinating breakthrough in American finance in the 2010s. Where banks often struggled and failed to provide personal credit in a way that could scale nationwide, companies like Lending Club and Prosper took advantage of technology to approach lending at the lowest cost in history, enabling a brand new industry to rapidly scale and make headlines. While peer to peer lending as it was originally conceived eventually experienced hardships and is no longer even offered by Lending Club, its glory days of the mid 2010s acted as an important trailblazer that paved the way for many of the financial technology companies that exist today.
Cited by major press (CNBC, Wall Street Journal, etc.) for its lending education, the original purpose of LendingMemo was to help people discover and navigate lending and borrowing money online. Feel free to watch some old peer to peer investing videos, download the old ebook, or read a few interesting articles.
Simon Cunningham was the founder of the now-defunct peer to peer lending website LendingMemo.com. Currently based in Holland, Michigan, he began investing in peer to peer loans while living in Seattle in 2011, inspiring him to launch this site. His writing culminated in him being invited to the floor of the New York Stock Exchange in 2014 by Lending Club for their IPO. He is a graduate of Calvin University (B.S.W.) and Africa International University (M.Div.). His greatest passion is the intersection of subjectivity and theology. Hobbies include open source software (especially distributed computing) and the restoration of antique tobacco pipes.
Site email: simon () lendingmemo.com
Inactive twitter: @LendingMemo
Simon’s greatest hits
- Why Wells Fargo is Terrified of P2P Lending
- Why Peer to Peer Lending is Beautiful
- P2P Lending: Why You Need a New Uncorrelated Asset Class
- How Lending Club and Prosper Fit with Stocks and Bonds
- The Joy of Redlining: Why I Don’t Lend to Florida
- The Intrinsic Humanity of the Online Lending Revolution
- This Investment has 20 Years of Positive Returns
- The Hidden World of Peer to Peer High-Speed Investing
- Interest Rates at Lending Club Keep Dropping