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.
Founder of peer-to-peer lending in new venture for SMEs from Financial Times – Industry pioneer & Zopa co-founder Giles Andrews has added a new role, chairman of MarketInvoice.
Online Lender Prosper Reports Wider Loss on Loan Slowdown from The Wall Street Journal – We all knew this was coming but the 2016 numbers for Prosper were not good.
China: WeiyengX Fintech Review from Crowdfund Insider – Roundup of the latest Chinese fintech news from Crowdfund Insider.
Bondora turns to profits after focus on consumer loans from ArcticStartup – Estonian p2p lending platform Bondora issued €30M in consumer loans in 2016 and turned a profit for first time.
MPL Loan Performance Monitor from PeerIQ – PeerIQ takes a look at the recent trends in delinquencies and charge-offs for Lending Club and Prosper.
Experian partners with tech firm to speed up lending from Reuters – Experian has partnered with fintech company Finicity to help speed the consumer lending process.
Kabbage to set up in Ireland after €50m investment from ISIF from The Irish Times – Interesting that Kabbage has chosen Ireland over the London for its European HQ. [Read more…]