LendingRobot launches fund for institutional investors in P2P and marketplace lending

Strong demand brings the world’s first robo advice blockchain fund for alternative lending to expand beyond individual investors.

Strong demand brings world’s the first 'robo advice blockchain' fund for alternative lending to expand beyond individual investors.

LendingRobot Series has launched a new fund offering exposure to alternative lending specifically designed for institutional investors called “LendingRobot Professional”.

Based in Seattle, Washington, LendingRobot recently raised more than $3m in Series A funding led by Runa Capital, and it now offers a fully automated investment service for peer lending platforms including Lending Club and Prosper. After signing up for an account, investors select their risk tolerance and enable LendingRobot to instantly make investments on their behalf.

Launched just two months ago LendingRobot Series has already received a third of its current subscription limit, the firm says.

It is now seeing “significant interest” in its LendingRobot Series offering from wealth managers and family offices. The new launch will add in more advisor-focused features and functionality to Lending Robot’s fully automated fund for alternative lending.

This will allow multi-client advisors to specify target risks and maturities for each individual client. The new service also allows investors to deploy and monitor large pools of capital across multiple lending origination platforms.

“The initial reaction to LendingRobot Series has been overwhelming to say the least,” said LendingRobot CEO, Emmanuel Marot. “The desire for a simple, diversified, flexible, and liquid solution to invest in alternative lending was always apparent to our company, but we had no idea so many investors were just biding their time for the right solution to come along.”