LendingRobot Announces Peer Lending Investor Service

New Service Automates Investing for Any Lending Club Investor

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Seattle, Washington (PRWEB) December 18, 2013

Today, LendingRobot, a provider of investment automation and data services for the rapidly growing peer lending market, announced the launch of the LendingRobot investment service. The investment automation service helps Lending Club investors to save time and automatically fund the loans matching their investment strategy.

Lending Club is a rapidly growing peer-to-peer marketplace for consumer credit, having originated over $3 billion in personal loans. According to Reuters, Lending Club is expected to file for an initial public offering in 2014.

LendingRobot founders discovered the most lucrative loans are funded very quickly, and even when dedicating significant time it is hard for individual investors to constantly reinvest their portfolios. LendingRobot evolved from efforts by the founders to automate their personal peer lending investments.

“New loans appear on Lending Club four times a day, seven days a week, but many are funded in less than 30 seconds,” said Gilad Golan, founder and CEO of LendingRobot. “So we created a service that allows investors to specify their desired investment criteria in advance and automatically fund loans that meet these criteria as soon as they become available.”

Now open to the general public, the LendingRobot service helps investors successfully fund those loans in highest demand and/or best meet their personal investment criteria. Users define what kind of loans they want to invest in using a simple yet powerful set of filters. Unique to LendingRobot, they can also define a cascading set of rules to invest simultaneously in different loans profiles. The cloud-based service then tirelessly works to invest and reinvest according to those filters.

Investors’ funds always remain in their Lending Club accounts and LendingRobot has no access to investor funds. LendingRobot provides a daily activity report and lets investors modify their investment criteria at any time. LendingRobot enables better investment selection, reduces the amount of time required and ensures idle cash is continuously reinvested.

The service has been in private beta since September, earning raves from early users. “LendingRobot makes investing in peer-to-peer loans easy and efficient. It allows me to find the exact loans I want without having to sort them manually. Great product!” says Brendan B., an early user. According to Don B., another early LendingRobot user, and Lending Club investor since 2008, “LendingRobot has changed my relation with Lending Club, in less than one week”.

LendingRobot, which exits beta today, charges a fee based on the investments successfully funded by the service. There are no set up or fixed costs.

About LendingRobot
LendingRobot is a provider of investment automation and data services for the peer lending market. LendingRobot does not provide investment advice. For contacts and more information, please visit http://www.LendingRobot.com/press.

Lending Club is a registered trademark of Lending Club Inc. LendingRobot is a trademark of Algorithmic, Inc.


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