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Big congratulations to Prosper for their success in raising another $17.2 million from a couple of new investors as well as existing. Social Lending Marketplace Prosper Raises $17.2M From Eric Schmidt, DFJ, Others Technorati Tags: Prosper Marketplace,capital raise

Congratulations to our friends at LendingClub on crossing another milestone. Lending Club Passes the Quarter-Billion Dollar Mark in Personal Loan Originations | yahoo REDWOOD CITY, Calif., May 5, 2011 /PRNewswire/ – Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, announced that it has passed $250 million in total loan originations. The platform cont

We are pleased to announce that CommunityLend Holdings Inc. (CLH) has closed a $1.5M private placement from several individual angel investors and an institutional investment fund. Wildlaw Capital Markets Inc., an investment bank, acted as an agent for the round. The proceeds of this private placement will go to scaling up our loan origination, loan adjudication, and loan servicing operations. This investment comes o

Wednesday, February 16, 2011 Short Month, Big Goals It was a year ago this month, that CommunityLend formally launched Canada’s first and only online loan marketplace . It has been a great first year. As we look towards our goals and plans for this coming year it is easy to state that we are really just getting started. We have a number of new products that we are currently working on and a number of exciting partner

Homestars are holding their Best Of 2010 Awards and last night was the Toronto event at the Donaldo Club.  We were fortunate enough to have the opportunity to be sponsors at the various locations including the Toronto event, and here is our CEO Michael Garrity making a brief introduction to the attendees. It was a terrific high energy event with the best of the best there, and CommunityLend was proud to be there

We were fortunate enough to have this excellent article on us by Richard Chu in “Business in Vancouver” in January.  The site requires registration, so here is the first paragraph, and a pdf of the article. A Toronto-based peer-to-peer lending company is gaining traction in B.C. after spending most of last year obtaining financial and securities regulator approval to operate in the province. Communitylend Inc. is an

Hosted at BMO in First Canadian Place.

Financeit.ca is proud to announce an exciting iPad 3g giveaway contest with HomeStars starting in April. The contest details are: Must be approved as a Financeit.ca Partner before March 31st Once approved, you will be automatically entered into a monthly draw for an iPad 3G with 4 chances to win starting from April to July You will receive 1 entry per approved loan application You will receive 1 entry for each new Ho

Here is the video of Michael being interviewed by Andrew Bell, and David Kauffman. http://watch.bnn.ca/clip405181#clip405181 Technorati Tags: BNN,Andrew Bell,David Kaufman

Michael Garrity will be on BNN at 11:30a ET (Rogers channel 57 in Toronto, Bell channel 504) http://www.bnn.ca/Shows/Alternative-Investing.aspx This week’s topic on Alternative Investing is person-to-person (P2P) lending. P2P lending has always existed, but been limited by regional and informational constraints. With the emergence of “WEB 2.0″, buyers and sellers of almost anything (including debt)