BELLEVUE, Wash.--(BUSINESS WIRE)--LendingRobot, the automated high-speed investment service for marketplace lending, announced today the capability to automate transactions on the Lending Club (NYSE: LC) secondary market. This is a first of its kind integration with a marketplace lending platform that allows LendingRobot clients to quickly liquidate their investments, and instantly reinvest income into the best loans available.
Marketplace lending offers optimal performance when investors deploy their cash over hundreds or thousands of different loans. This diversification strategy reduces risk and helps to achieve returns able to surpass traditional fixed income investments. LendingRobot’s algorithmic investing technology helps lenders maximize their returns by instantly identifying and investing in the most promising loans while constantly reinvesting cash returns that would otherwise remain idle, or require tedious manual investment demanding hours of attention.
With this new integration LendingRobot extends their technology into the Lending Club secondary market, which will:
- Provide users with an easy path to liquidity by intelligently and automatically listing, pricing, and re-pricing loans on the secondary market until they are sold.
- Automate the reinvestment of income into the loans with the highest potential return available at any given time, either in the secondary or the primary market, greatly expanding the available investment options.
- Provide a powerful investment tool for individual investors to compete with large institutional investors that currently crowd the primary market and use their proprietary software to quickly seize the most popular loans.
“LendingRobot is designed to simultaneously save time and increase returns for individual investors. Intelligently automating the secondary market is a natural extension of that design,” said Emmanuel Marot, CEO and co-founder of LendingRobot. “Without technology like LendingRobot, marketplace lending remains time-consuming, highly competitive and illiquid. This is a shame because, as a low-risk fixed income asset, this will be a game-changer for short term investors looking for safe, high yield returns but also liquidity.”
“By automating both the secondary AND primary markets,” Marot continued, “we are able to reinvest in excellent loans as soon as they become available, as well as liquidate investments in a fraction of the time.”
Lending Club investors who want to leverage LendingRobot’s high-speed investment services across both primary and secondary markets should visit the LendingRobot website www.LendingRobot.com to link their Lending Club account(s), or contact the customer support team at help@lendingrobot.com
About LendingRobot:
LendingRobot is a fully automated investment service for marketplace lending platforms including Lending Club and Prosper. After signing up for a LendingRobot account, investors select their risk tolerance and enable LendingRobot to instantly make investments on their behalf. Based in Seattle, WA, LendingRobot has raised $3 million in Series A funding led by Runa Capital.
