Posted by Christopher Stevenson
A few weeks back I wrote about the Lending Club/Facebook deal. I thought it looked like a great opportunity for Lending Club, a new player in peer-to-peer lending, because it can leverage an existing network within the Gen Y market. Things seem to be turning out as planned for Lending Club; they closed their first loan on June 6 and by June 20 they'd originated over $100,000 in new loans. That's pretty good right out of the gate.
Just another indication that the financial services world may be changing. Keep your eye on incoming disruptors.
