A Seattle-based company called LendingRobot is making marketplace lending a bit more interesting for investors.
An automated high-speed investment service for marketplace lending, LendingRobot allows individuals to invest in loans listed on online platforms Lending Club and Prosper. To utilize the service, users sync their accounts and define rules for selecting loans and setting investment amounts.
Up to now, LendingRobot has focused on the primary market for loan notes. Now, however, it has turned its attention to secondary markets. The company has added a new capacity that allows investors to buy and sell notes from Lending Club in secondary trading.
Previously, investors looking to sell or buy marketplace loan notes had to do so manually, meaning negotiating a successful transaction could take...
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