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Marketplace Lending News Roundup – March 28, 2015

by Peter Renton on March 28, 2015

During the week I share the latest marketplace lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Besting Hobson at LendIt USA from LinkedIn – James Alexander gives his thoughts on platform diversification and the upcoming LendIt USA conference.

No Traditional Financial Institutions? No Problem from TechCrunch – Interesting piece by Charles Moldow in TechCrunch on financial services innovation.

Peer-to-peer lender DirectMoney set to list on ASX from The Australian Business Review – DirectMoney has only been operating for five months, but they are about to go public down under.

Peer-to-Peer in the OR from Bloomberg – Is healthcare lending the next frontier for marketplace lending?

Impact of Whole Loan Funding on Prosper from Orchard – Analysis of time to fund for both whole & fractional loans on Prosper.

Analysing P2P Industry Returns – What are the Correct Comparables? And a note on Volatility… from AltFi – Great article about the AltFi LARI index comparing to other investments.

Peer-to-peer lenders can’t find enough borrowers from Quartz – The perennial challenge for p2p lenders as they scale is finding enough borrowers. [click to continue…]

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Lufax logo

A couple of weeks from now Greg Gibb, the Chairman of Lufax, will be taking the main stage at LendIt to introduce his firm to the online lending world and show everyone what it looks like when a major financial institution decides to organically build a P2P firm.

In less than three years, Lufax is already the world’s third largest P2P firm and it is easily the fastest growing.  By throwing the weight of Ping An Insurance behind it, Lufax is on a trajectory to pull away from everyone and redefine P2P’s position within the greater financial services community.

A lot of people often ask the question, will the banks ever enter the P2P market?  If a bank were to ever get serious about P2P, their first step should be to study the Ping An-Lufax playbook and learn from this huge success story.

My partner, Jason Jones, will be conducting a fireside chat with Greg at LendIt and he sent along a few question to the Lufax team in order to set the stage.

Q: What is Lufax and why did Ping An Insurance Company of China create it? 

A: Lufax offers a broad set of online P2P driven financial services that are at the forefront of consumer lending, commercial banking and investment banking services for individuals and businesses. Founded in 2012, Lufax has revolutionized the way individuals and companies in China think about financing, through financial innovation and sound risk management.

Ping An Group created Lufax based on a desire to better connect individuals and business that need funding with investors who are looking for investment opportunities. Lufax is a key part of Ping An Group’s Internet finance strategy and helps drive business for the company’s wealth management division. [click to continue…]

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Podcast 33: Brock Blake of Lendio on Small Business Lending

March 24, 2015

There are many different loan choices out there today for small business owners. There are short term loans, merchant cash advances, asset-backed loans, equipment finance loans, SBA loans and many others. To help entrepreneurs sort through this myriad of loan choices and make the right financing decision is Lendio’s mission. Brock Blake is the CEO […]

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Marketplace Lending News Roundup – March 21, 2015

March 21, 2015

During the week I share the latest marketplace lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Prosper Marketplace Selects Utah for Sales Headquarters from UtahPolicy.com – The Prosper team is expanding to a new state, Utah, setting […]

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Benefits of Investing in P2P Lending With an IRA

March 19, 2015

Taking advantage of tax deferred earnings is extremely important in building wealth for retirement. The tax savings over the course of a career can become substantial. When it comes to p2p lending, there are a few aspects that make having your p2p lending allocation in an IRA especially appealing. Lend Academy readers who follow Peter’s returns are well […]

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Branding, not Just Direct Response, Will Drive Future Marketplace Lending Success

March 16, 2015

[Editor’s note: This is a guest post by R. Tyler Smith and Mark Lusky. See the end of the post for their bylines. The views expressed here are their own.] While marketplace lenders use advanced technologies to determine applicant suitability and administer loans, most continue to use traditional direct response marketing to get borrower prospects, […]

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Marketplace Lending News Roundup – March 14, 2015

March 14, 2015

During the week I share the latest marketplace lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. The big news this week was Zopa in the UK celebrating their 10-year anniversary. They were the very first p2p lending […]

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Vouch Bringing Social Lending to the Borrower Experience

March 13, 2015

The initial promise of P2P lending when Prosper launched back in 2006 was that it would be a more social way to lend money. We would borrow money from a group of people we are connected with and pay back this loan more diligently because of that connection. Unfortunately, the reality was different than the […]

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StreetShares Secures $200M For Veteran-owned Small Businesses

March 12, 2015

StreetShares, a peer to peer lending marketplace focused on small business loans announced yesterday huge commitments from several investment companies including Direct Lending Investments, Community Investment Management and Eagle Bank Corp. The commitments total more than $200 million of funding for small business loans on the StreetShares marketplace. StreetShares was formed in 2014 by Mark […]

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Profits for Banks at Risk as Peer to Peer Lenders Achieve Scale

March 11, 2015

The addressable market for marketplace lenders is massive. The one trillion dollar figure has been thrown out as the market for consumer loans alone. But one thing we don’t hear a lot about is the market share of marketplace lenders related to banks. Lenders like Prosper and Lending Club are beginning to achieve scale. But […]

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