Getting started is simple and secure. To sign up, just enter your email address and create a password. Then, we’ll take you through a few more steps to give you full access to our automated investing and liquidation features.
Liquid P2P automates investing on your behalf using Lending Club’s API. To link your account, we’ll need your Lending Club account number and API key. You may revoke Liquid P2P’s API access to your account at any time by generating a new API key.
You can access your account number from the top of your Lending Club Summary page.
To access your API key:
If no API key appears (common for newly-created accounts), here are the steps to generate a new one:
We will support multiple accounts soon. We will let you know when this feature is available.
We only have access to the data Lending Club makes available through its API including account balance, note information, and account activity.
For security purposes, Liquid P2P does not have any access to your bank account information. Registering and/or editing your bank account can only be done through Lending Club.
We do not require a minimum balance; however, we recommend investing at least $2,500 in order to achieve the minimum diversification standard of 100 notes.
Lending Club does require a minimum $1,000 investment in order to open an account on their platform.
You have complete control over the strategy we use to invest on your behalf.
To keep things simple for users who may not be familiar with Lending Club's loan grade system, we offer two targeted strategy choices. This allows for more seamless trading between users, which in turn powers our Liquid Match model.
Simply select the strategy that best matches your personal risk tolerance and investment goals, or create your own. And because your financial goals may change, we give you the flexibility to change your strategy settings at any time.
*Target ranges are based on back testing, machine learning, and predictive analytics. User acknowledges past performance is no guarantee of future results.
The Folio Note Trading Platform is the secondary market for Lending Club. This is where the buying and selling of already-issued notes takes place.
Because our loan selection and liquidity models utilize both the primary (Lending Club) and secondary (Folio) markets, we require API access to both before we can activate automated investing for any user account.
When you link a Lending Club account, our system will automatically verify secondary market access. If your account is newly created or if you have not previously traded notes through Folio, you may not yet have this access. In this case, you will receive a “further action required” alert from us prompting you to register with Folio.
This is a two-step process that must be done through your Lending Club account.
STEP 1: Submit trading member registration
STEP 2: Sign up for the Folio API
If it has been more than 4 business days since you registered with Folio, there are two possible reasons we still cannot confirm your secondary market access: