Virgin Money US

Virgin Money Holdings USA Inc.
Virgin Money US
FounderAsheesh Advani
DefunctNovember 2010 (2010-11)
SuccessorMay 2000; 24 years ago (2000-05) in Cambridge, Massachusetts, United States
Area served
United States
OwnerVirgin USA (majority stake)

Virgin Money US (formerly CircleLending) was a peer-to-peer loans and loan-servicing company which was for a short time part of Virgin Money.

History

Foundation

CircleLending was founded in Cambridge, Massachusetts in May 2000 by Asheesh Advani and launched in 2001.[1][2] The company was then incorporated as CircleLending, Inc. in July 2002.[3] In 2005 the company moved to Waltham, Massachusetts.[3] In 2006, the company received venture capital from Venrock Associates, Bezos Expeditions and Omidyar Network totalling $10 million.[3]

Acquisition by Virgin

In 2007, the Virgin Group acquired a majority-stake in the company and renamed it Virgin Money Holdings USA Inc., the American division of Virgin Money.[3][4] Virgin Money US focused solely on formalizing and servicing loans between friends and family, a business model which differentiated it from later social lending and crowdfunding businesses which encouraged loans between strangers.

In 2008 the company bought Lendia, and renamed it Virgin Money USA Inc., but sold it back to its founder, Greg O'Connor, the following year.[5] O'Connor's company, formerly Lendia, continues to operate as Clearpoint Funding, Inc.[6]

Closure and legacy

Founder Advani left the company in 2009.[6] In 2010, during the financial crisis of 2007–2010, Virgin Money began its withdrawal from the US market.[7] Virgin Money US withdrew from the US market entirely in November 2010.[8] Servicing of its social loans was transferred to its servicing partner, Graystone Solutions, who continue to service the social loans under their own brand.

In 2010 a former Virgin Money US employee launched a new venture, National Family Mortgage, to address the intrafamily real estate loan void created by Virgin's departure.[9]

References

  1. ^ "Virgin Money USA, Inc". Business Exchange. BusinessWeek. Archived from the original on December 26, 2007. Retrieved 9 November 2009.
  2. ^ "'Thanks For The Mortgage Dad' Start-up - CircleLending Funded by Intel/Omidyar". Alarm:Clock. 15 August 2006. Retrieved 9 November 2009.
  3. ^ a b c d "Virgin Money History". Archived from the original on 11 February 2010. Retrieved 4 January 2010.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  4. ^ Hendrickson, Mark (16 October 2007). "CircleLending Becomes Virgin Money USA; Gets Makeover and Millions in Funding". TechCrunch. Retrieved 9 November 2009.
  5. ^ "Virgin Money Closes Shop in the U.S., Victim of Bad Timing". American Banker. December 2010. Retrieved 2 May 2013.
  6. ^ a b "U.K.'s Virgin Money Rewriting Its U.S. Plans". Bank Investment Consultant. 15 January 2010. Retrieved 2 May 2013.
  7. ^ "UK's Virgin Money rewriting its US plans". American Banker. January 2010. Retrieved 1 November 2010.
  8. ^ "Virgin Money Closes Shop in the U.S., Victim of Bad Timing". American Banker. 2 December 2010.
  9. ^ "Making Mortgage Lending a Family Affair". New York Times. 5 November 2010.

Read other articles:

United Trinity

Di dalam asosiasi sepak bola Inggris, kita mengenal istilah United Trinity atau Holy Trinity yang merujuk kepada trio Manchester United yaitu George Best, Denis Law dan Sir Bobby Charlton, yang membantu United menjadi tim klub Inggris pertama yang memenangkan Liga Champions pada tahun 1968. Berkas:Patung di luar Old Trafford United Trinity..jpg Charlton [1] adalah anggota Busby Babes, sekelompok pemain muda berbakat dari akademi klub tersebut dibawa oleh manajer Legendaris Matt Busby ...

 

 

Paweł Brożek

Paweł Brożek Informasi pribadiNama lengkap Paweł Łukasz BrożekTanggal lahir 21 April 1983 (umur 40)Tempat lahir Kielce, PolandiaTinggi 1,80 m (5 ft 11 in)Posisi bermain PenyerangInformasi klubKlub saat ini Wisła KrakówNomor 11Karier junior1992–1998 Polonia Białogon Kielce1998 SMS Zabrze1998–2000 Wisła KrakówKarier senior*Tahun Tim Tampil (Gol)2001–2010 Wisła Kraków 178 (81)2002 → ŁKS Łódź (pinjaman) 8 (0)2004 → GKS Katowice (pinjaman) 20 (5)2011�...

 

 

Wham!

Wham!Wham! tahun 1985:George Michael dan Andrew RidgeleyInformasi latar belakangAsalBushey, Hertfordshire, InggrisGenrePopTahun aktif1981–1986Label Columbia Innervision Epic Sony Artis terkait The Executive Pepsi & Shirlie Dee C. Lee Deon Estus Situs web georgemichael.com andrewridgeley.com Mantan anggota George Michael Andrew Ridgeley Wham! adalah duo yang berasal dari Britania Raya yang dibentuk di Bushey pada 1981.[1][2] Dimotori oleh George Michael dan Andrew Ridgele...

العلاقات البحرينية الصربية

العلاقات البحرينية الصربية البحرين صربيا   البحرين   صربيا تعديل مصدري - تعديل   العلاقات البحرينية الصربية هي العلاقات الثنائية التي تجمع بين البحرين وصربيا.[1][2][3][4][5] مقارنة بين البلدين هذه مقارنة عامة ومرجعية للدولتين: وجه المقارنة الب�...

 

 

Frank Hereford (politician)

American politician Frank HerefordUnited States Senatorfrom West VirginiaIn officeJanuary 31, 1877 – March 3, 1881Preceded bySamuel PriceSucceeded byJohnson N. CamdenMember of the U.S. House of Representativesfrom West Virginia's 3rd districtIn officeMarch 4, 1871 – January 31, 1877Preceded byJohn WitcherSucceeded byJohn E. Kenna Personal detailsBorn(1825-07-04)July 4, 1825Warrenton, VirginiaDiedDecember 21, 1891(1891-12-21) (aged 66)Union, West Virginia...

 

 

Basilika Hati Kudus Yesus, Quito

Basilika Hati Kudus YesusBasilika Minor Votiv dan Hati Kudus YesusSpanyol: Basílica del Voto NacionalBasilika Hati Kudus Yesus0°12′54″S 78°30′26″W / 0.21500°S 78.50722°W / -0.21500; -78.50722Koordinat: 0°12′54″S 78°30′26″W / 0.21500°S 78.50722°W / -0.21500; -78.50722LokasiQuitoNegara EkuadorDenominasiGereja Katolik RomaSitus webBasilica at Archdiocese of QuitoSejarahTanggal konsekrasi1988ArsitekturPenetapan wari...

Fluclorolone acetonide

Chemical compound Topicon redirects here. For the icons used in the corner of the page on Wikipedia, see Template:Topicon.Fluclorolone acetonideClinical dataTrade namesCutanit, TopiconRoutes ofadministrationTopicalATC codeD07AC02 (WHO) IdentifiersCAS Number3693-39-8PubChem CID20054914DrugBankDB08973 YChemSpider16735814UNIIMG258KTA37ChEMBLChEMBL461332ECHA InfoCard100.020.919 Chemical and physical dataFormulaC24H29Cl2FO5Molar mass487.39 g·mol−1  (verify) Fluclor...

 

 

1664 en France

Chronologie de la France ◄◄ 1660 1661 1662 1663 1664 1665 1666 1667 1668 ►► Chronologies 12 mai : première représentation du Tartuffe. Frontispice du Tartuffe par Pierre Brissart (1682).Données clés 1661 1662 1663  1664  1665 1666 1667Décennies :1630 1640 1650  1660  1670 1680 1690Siècles :XVe XVIe  XVIIe  XVIIIe XIXeMillénaires :-Ier Ier  IIe  IIIe Chronologies thématiques Art Architecture, Arts plastiques (Dessin, ...

 

 

Pembicaraan Pengguna:Ustad abu gosok

ustad abu gosok sedang berada dalam pemulihan kesehatan jiwa yang melibatkan dr. SpKJ. semua pesan akan tetap dibalas meskipun tidak seaktif dulu Selamat datang, Ustad abu gosok! Halo dan selamat datang di Wikipedia Indonesia! Wikipedia adalah ensiklopedia bebas multibahasa yang isinya ditulis bersama-sama oleh para penggunanya dan disusun agar dapat dibaca dan disunting oleh siapapun juga. Pertanyaan, usulan, dan komentar tentang Wikipedia bahasa Indonesia bisa dilakukan di Warung Kopi. Jang...

St. John's College, Belize

Private religious secondary school and university in Belize St. John's CollegeSJC at Loyola ParkFormer namesSt. John Berchmans' CollegeMottoMen and women for and with othersTypePrivate selective secondary school and university collegeEstablished1887; 137 years ago (1887)FounderFr. Cassian Gillett, S.J.Religious affiliationCatholicism (Jesuit)PresidentMirtha PeraltaStudents2,267AddressPrincess Margaret Drive, Belize City, Belize17°30′45″N 88°11′55″W / ࿯...

 

 

Calcio Como 2006-2007

Voce principale: Calcio Como. Calcio ComoStagione 2006-2007Sport calcio Squadra Como 2005-2006 2007-2008 Si invita a seguire il modello di voce Questa voce raccoglie le informazioni riguardanti il Calcio Como nelle competizioni ufficiali della stagione 2006-2007. Indice 1 Competizioni ufficiali 2 Divise e sponsor 3 Rosa 3.1 Calciatori ceduti durante la stagione 4 Staff tecnico e dirigenza 5 Note 6 Collegamenti esterni Competizioni ufficiali Nella stagione 2006-2007 il Como ha concorso i...

 

 

BlackRock

artikel ini perlu dirapikan agar memenuhi standar Wikipedia. Tidak ada alasan yang diberikan. Silakan kembangkan artikel ini semampu Anda. Merapikan artikel dapat dilakukan dengan wikifikasi atau membagi artikel ke paragraf-paragraf. Jika sudah dirapikan, silakan hapus templat ini. (Pelajari cara dan kapan saatnya untuk menghapus pesan templat ini) BlackRockIndustrijasa investasiDidirikan1988KantorpusatAmerika SerikatWilayah operasiSeluruh duniaPendapatan US$ 10.5 milyar (2013)[1]Laba...

Tate shiho gatame

Judo technique This article does not cite any sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: Tate shiho gatame – news · newspapers · books · scholar · JSTOR (December 2019) (Learn how and when to remove this message) Tate shiho gatameClassificationKatame-wazaSub classificationOsaekomi-wazaGripFull mountCounterShrimpKodokanYesTechnique nameRōmajiTate shih...

 

 

Shah Jahan III

Shah Jahan IIIKaisar Mughal ke-15Berkuasa10 Desember 1759 – 10 Oktober 1760Penobatan10 Desember 1759PendahuluAlamgir IIPenerusShah Alam IIInformasi pribadiKelahiran1711Kematian1772 – 1711; umur -62–-61 tahunWangsaTimuriyahNama lengkapMuhi-ul-Millat Shah JahanAyahMuhi-us-Sunnat MirzaIbuRushqimi BegumPasanganSadat BegumAnakMirza Sa'adat Bakht BahadurMirza Ikram BahadurAgamaIslam Shah Jahan III (1711 – 1772), (شاه جہان ۳) juga dikenal sebagai Muhi-ul-millat adalah Ka...

 

 

Recès d'Empire

Première page du recès de la Diète d'Empire (25 février 1803). Le recès de la Diète d'Empire (en allemand : Reichsdeputationshauptschluss ou Hauptschluss der außerordentlichen Reichsdeputation) est une résolution (recès) de la dernière séance de la Diète d'Empire tenue le 25 février 1803 à Ratisbonne (électorat de Bavière). Le recès est le résultat des négociations de la députation extraordinaire de la Diète, conduites sous la médiation et sur les propositions de la...

Gereja Katolik Santo Fransiskus Asisi, Sukasari Bogor

Gereja Katolik Santo Fransiskus Asisi Gereja Katolik Santo Fransiskus Asisi Nama Gereja: Gereja Katolik Santo Fransiskus Asisi Keuskupan: Sufragan Bogor Alamat: Jl. Siliwangi No.50, RT.01/RW.13, Bondongan, Kec. Bogor Selatan, Kota Bogor, Jawa Barat 16131 Romo Paroki: RD. Yustinus Dwi Karyanto Berdiri: 1963 Website: https://parokisukasari.org/ Artikel ini tidak memiliki referensi atau sumber tepercaya sehingga isinya tidak bisa dipastikan. Tolong bantu perbaiki artikel ini dengan menambahkan ...

 

 

羅德島州

本條目存在以下問題，請協助改善本條目或在討論頁針對議題發表看法。 此條目需要擴充。 (2013年1月1日)请協助改善这篇條目，更進一步的信息可能會在討論頁或扩充请求中找到。请在擴充條目後將此模板移除。 此條目需要补充更多来源。 (2013年1月1日)请协助補充多方面可靠来源以改善这篇条目，无法查证的内容可能會因為异议提出而被移除。致使用者：请搜索一下条目的...

 

 

周處除三害 (電影)

周處除三害The Pig, The Snake and The Pigeon正式版海報基本资料导演黃精甫监制李烈黃江豐動作指導洪昰顥编剧黃精甫主演阮經天袁富華陳以文王淨李李仁謝瓊煖配乐盧律銘林孝親林思妤保卜摄影王金城剪辑黃精甫林雍益制片商一種態度電影股份有限公司片长134分鐘产地 臺灣语言國語粵語台語上映及发行上映日期 2023年10月6日 (2023-10-06)（台灣） 2023年11月2日 (2023-11-02)（香�...

Kassian Cephas

Kassian CephasKassian Cephas.LahirKassian(1845-01-15)15 Januari 1845 Kesultanan Ngayogyakarta Hadiningrat, Hindia BelandaMeninggal16 November 1912(1912-11-16) (umur 67) Kesultanan Ngayogyakarta Hadiningrat, Hindia BelandaDikenal atasFotografi Kassian Cephas (15 Januari 1845 – 16 November 1912) merupakan fotografer pribumi Jawa yang berasal dari Kesultanan Ngayogyakarta Hadiningrat. Ia merupakan fotografer profesional pertama dari Indonesia dan magang di bawah bimbingan H...

 

 

Hansen's Annex

Historic house in New Hampshire, United States United States historic placeHansen's AnnexU.S. National Register of Historic PlacesU.S. Historic districtContributing property Show map of New HampshireShow map of the United StatesLocationMain St., Center Sandwich, New HampshireCoordinates43°48′26″N 71°26′21″W / 43.80722°N 71.43917°W / 43.80722; -71.43917Area0.2 acres (0.081 ha)Built1839 (1839)Architectural styleGreek RevivalPart ofCenter Sandwi...