“Every morning I wake up and I tell myself I’m gonna do the very best job that I can today.” —CTO of Shopbevel Nikki Stevens shared her personal morning pep-talk with us at a recent Girls In Tech meetup.
Question from a Subscriber:
Does Prosper.com or Lending Club share any of its origination fees with the investors in the loan?
No they don't. They keep that all for themselves but its important for the lending platform to make money so it can continue to offer its services to us investors. They also charge a small servicing fee for servicing the loan (managing the collecting of monthly payments, posting them, monthly statements to us, etc) that take a little bit away from our returns. Still a good deal on most loans.