Full-Access Preview Accounts
Liquid P2P is currently only accepting sign-ups for our free, full-access preview version.
This means we'll be on-boarding a limited number of new users in intervals while we fine-tine our interface and focus on creating the ideal customer experience. While our look and feel may undergo some changes, our features will remain fully-functioning.
During this phase of scaling our business model, we may periodically disable new sign-ups and instead offer interested investors the opportunity to join our waiting list until we are ready to on-board a new group of users.
Once you create and activate your preview account, you'll have full acccess to our automated investing and liquidation features FREE for one year. No credit card required. Cancel your account any time.
There is no additional costs associated with a free preview account. As a reminder, however, the following outside fees may be associated with use of our service but are not determined, billled, or collected by Liquid P2P.
Transitioning to Paid Account
Liquid P2P will contact you at least 30 days before your free preview account expires. At that time, if not sooner, we will introduce and explain our paid account options and explain how to continue if you so choose.
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: