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Loanio says it won’t face registration process in near future

Loanio logoAsked by Netbanker whether Loanio.com will face an SEC filing process and a quiet period like Prosper and Lending Club, Loanio CEO Michael Solomon answered:

“…from the perspective of (Prosper) going silent, it is actually great for us as I think we will quickly gain lots of lenders and hopefully we can wow them into sticking around. From a regulatory standpoint, we believe that at some point we will seek to introduce a secondary market platform, but we will focus the greater part of the next 12 month on building our platform and seeking out a national bank partner to cover the rest of the U.S. Our plans for a secondary market are too far ahead for me to contemplate at this time.”

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This entry was posted on Friday, October 17th, 2008 by wiseclerk at 2:47 am and is filed under Lendingclub, Loanio, Prosper, US. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Loanio says it won’t face registration process in near future”

  1. Loanio Roundup - The Economy, Small Business, Loans, and P2P Lending | Loanio Says:
    October 26th, 2008 at 3:00 am

    [...] P2P Banking blogs Loanio says it won’t face registration process in near future. [...]

  2. Craig Says:
    December 9th, 2008 at 2:56 pm

    Well that didn’t work. lol