Crowdlending is one of the newer asset classes available to individual investors. Crowdlending enables individual investors to directly loan money to other individuals and small/mid-size companies. The basic idea is that one investor can give partial loans to a large number of borrowers and thus build a broadly diversified loan portfolio.
One of the pioneer platforms, and the biggest, is LendingClub. In December 2017, it had loans active with combined worth of over $8 billion. It has been existing since 2007, has over 1.5 million investors and over $28 billion borrowed historically. It is also a publicly listed company in New […]