Category: Announcements

LendingClub’s recent changes to state eligibility

On 09/24/2019 LendingClub made changes to their state eligibility for primary market investing. New York, Florida, Texas, and Arizona were impacted by these changes. LendingClub has not provided details on why this change was made or how long they expect the restrictions to last. Here is a link to LendingClub’s State of Residence map. LendingClub…

Announcing a change to the LendingRobot Expected Return

As the Lend Academy Investments team continues to work towards integration between LendingRobot and NSR Invest, today we are pleased to announce a change to the Expected Return displayed for investor accounts. We believe this change will benefit our clients by substantially enhancing the relevance of the return metrics available on the LendingRobot platform. Previously,…

Now Showing: Historical Performance

“Backtesting”: both an exciting and a dreadful word. Exciting, because when we design an algorithmic investing strategy, we’re eager to show how it should perform. When we released the first iteration of the LendingRobot algorithm in 2014, we did not have any trading history.

LendingRobot Series unilaterally inks major funding deal regarding Prosper Marketplace

Institutional money is once again pouring into alternating lending. For instance, Prosper Marketplace has recently inked major deals to supply capital for financing loans originating on their platform with a procession of prestigious major institutional investors, including Soros Fund Management, Jefferies, and Third Point LLC. As the Wall Street Journal reported a few months back, these institutions have committed…