C# Prosper API Wrapper - Updated

A couple of semantic changes - mostly now returning a clean Task<List<T>>, instead of making the method async Task<List<T>>. However, one big change is that I've made GetProsperObjectAsync<T>(string url) public instead of private. This…

Accredited Investor Verification Services

There are a lot of pieces to building an online lending platform. For the peer-to-peer platforms, there are limits on the types of investors that can invest on the platform. Unless they have gone through a lengthy process with the SEC (Prosper / Lending Club) or they are issuing securities under…

SEC Committee on Crowdfunding

The SEC Investor Advisory Committee recently had a meeting with one of their topics Crowdfunding. They came out with six recommendations: 1. Tighter restrictions on the amounts investors can invest in crowdfunding For non-accredited investors, the committee recommends a “lesser of” approach. The investment limits will be the “lesser of…

Building a Borrower Funnel (Part 2): Rough User Flows

Before we really begin coding our systems, it’ll be really helpful to look at the user experience so we know what data we are gathering and what we are doing with that data. I’ve blatantly ripped these screenshots off from Lending Club. And used the logo from my…

Upstart re-aligns incentives with investors

“[David Girouard, Upstart CEO,] said that Upstart will be increasing their origination fees moderately to pay for these changes”[1] in an interview with Peter Renton at Lend Academy. They are also giving their origination fee to lenders in the case of a default. These are both interesting moves, signaling…

Building a Borrower Funnel (Part 1)

These days the most important part of any online consumer lending platform is the borrower experience (borrower funnel in online marketing parlance). Money is everywhere; every institutional investor is begging some online platform to take their money. Most of the online platforms will never be able to meet investor demand…