Author Topic: P2P Websites in the U.S. for Retail Investors  (Read 6576 times)

PhilGD

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P2P Websites in the U.S. for Retail Investors
« on: May 17, 2015, 05:58:14 PM »
I've been scouring all the U.S.-based lending websites I can find in search of an alternative to Lending Club and Prosper.

So far, every platform I've found will only cater to accredited investors and institutions. Are there really just two options in the U.S. for us small time retail folk?


Fred93

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #1 on: May 17, 2015, 06:07:08 PM »
Are there really just two options in the U.S. for us small time retail folk?

Yes.  Only two guys stepped up and did all the regulatory hooha necessary to allow retail investors access.  They had to do it, because they were the first, and retail is where the demand started.

On a related note, I've checked with many of the non-US P2P companies, and found none that would accept a US resident.

RazzleDazzle

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #2 on: May 18, 2015, 02:59:39 AM »
Part of the issue is that SEC isn't approving S-1 filings for this business model I believe. No doubt registration and legal proceedings are onerous. And despite LC going public, blue sky laws aren't so easily bypassed - people in Texas still can't invest directly on platform.

However, I believe you will see real estate platforms to start adopting Regulation A+ which may be a better option to offer non-accredited investors access to debt opportunities. Certainly it is on our menu in the future.

An interesting approach is taken up by https://www.groundfloor.us/

Good luck.
« Last Edit: May 18, 2015, 03:05:02 AM by RazzleDazzle »

rawraw

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #3 on: May 18, 2015, 09:29:48 AM »
So far, every platform I've found will only cater to accredited investors and institutions. Are there really just two options in the U.S. for us small time retail folk?
I don't know your background, but I suspect in time it'll be a blessing for most small time folk.

RazzleDazzle

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #4 on: May 18, 2015, 06:47:17 PM »
I agree with you rawraw - specially the past year or so way too much exuberance. People aren't risk mitigating enough. Chasing yield instead of controlling risk.

ruthjoec

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #5 on: June 11, 2015, 12:40:30 AM »
One to try is Kickfurther http://kickfurther.com/s/bvy454dcnd is a referral link; use it and you get $5.00 to invest.  You can read more about it on my blog at http://racingtowardretirement.blogspot.com/2015/06/new-product-kickfurthercom.html

Fred93

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #6 on: June 11, 2015, 12:44:54 AM »
One to try is Kickfurther http://kickfurther.com/

A perfect example of the current trend of stupid investments for the inexperienced sucker.  I predict that 90% of these will fail.

wiseclerk_com

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #7 on: June 15, 2015, 05:10:05 PM »
Are there really just two options in the U.S. for us small time retail folk?

Yes.  Only two guys stepped up and did all the regulatory hooha necessary to allow retail investors access.  They had to do it, because they were the first, and retail is where the demand started.

On a related note, I've checked with many of the non-US P2P companies, and found none that would accept a US resident.

Bondora states it is open to accredited investors who are US residents
I publish the http://www.p2p-banking.com blog

Fred93

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #8 on: June 15, 2015, 06:15:29 PM »
Bondora states it is open to accredited investors who are US residents

Where did you find that?  All I could find was a statement that they accepted accounts from US residents who had an EU bank account.

wiseclerk_com

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #9 on: June 22, 2015, 12:52:18 PM »
Fred, was mentioned in several places. One source I retrieved quickly via Google
http://www.crowdfundinsider.com/2014/09/49573-bondora-sees-opportunity-european-peer-peer-lending-market/

If you want formal confirmation, write to the CEO
I publish the http://www.p2p-banking.com blog

erikfurther

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Re: P2P Websites in the U.S. for Retail Investors
« Reply #10 on: November 27, 2015, 03:36:59 PM »
Kickfurther allows anyone over 18 to invest along with others in business inventory for established businesses that have sourced and sold this class of inventory in the past.

The returns are usually 15-35% annualized and the performance over the first year has been impressive.

This link will give you $10 free and you can back your first company for only $20
http://kickfurther.com/dsw

Check out the press for more info
http://kickfurther.com/press