LendingRobot Service Casualizes and Automates Peer Lending Investments.
Recently during the FinovateSpring showcase of financial technology innovations, LendingRobot had announced updates to its cloud-based service for invest in peer-to-peer lending,including support of Prosper Marketplace, and the availability over 40 different filtering criteria that be utilized in multiple load profiles all at once.
“By automating the entire process LendingRobot brings peace of mind, simplifies the investing process, and helps increase returns by continuously investing idle cash.”
Lending Robot shall allow invest to define and automate their peering lending investment strategies. Users shall specify the type of loan they wish to invest into, using their criteria or based on LendingRobot recommendations. Once they have been linked to their Lending Club or Prosper accounts, Leding Robot will constantly watch for new loans and analyze their characteristics as they continue to appear. Order are automatically placed for loan matching investor criteria immediately after they have become available.
Automation through LendingRobot shall save investors time, simplifying the process of developing a diversified portfolio, and ensuring idle cash is continuously reinvested. LendingRobot allows investors to manage several accounts in one setting. Support for a cascadeing set of rules allows LendingRobot to also adapt towards the supply of loan available.
“Peer lending can provide superior returns with surprisingly low risk, but it can be challenging to identify the right securities, invest fast enough to fund the most popular loans, and keep accounts fully invested and diversified,” said Emmanuel Marot, co-founder and president of LendingRobot. “By automating the entire process LendingRobot brings peace of mind, simplifies the investing process, and helps increase returns by continuously investing idle cash.”
LendingRobot now offers:
- Support for multiple Lending Club and Prosper Marketplace accounts
- Over 40 different Lending Club and Prosper filtering criteria
- Cascading rules to invest in multiple loan profiles at once
- The “popularity” criterion that allows individuals to automatically invest alongside professionals
- Proprietary criteria, such as Sub-grade and Loan Payment / Income
- Daily e-mail reports
- Investment orders processing within seconds
- 24×7 availability