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 challenge of solving for financial inclusion from Tearsheet – One of the big challenges for fintech is expanding access to financial services. It is not easy.
Weekly Industry Update: SoFi Bank, Upstart and Lending Club’s Inaugural Sponsored Deals from PeerIQ – This week the PeerIQ newsletter compares the most recent marketplace lending securitization deals.
P2P platform Yirendai ready to move up a financial league or two, including into wealth management from South China Morning Post – Leading Chinese platform Yirendai is expanding into new areas of financial services beyond p2p lending.
Swedish fintech leader Klarna wins banking licence from Financial Times – Klarna, one of the largest European fintech companies, has received a banking license in Sweden.
Dubious Story On Strategic Funding Unfounded from deBanked – Interesting piece about the rumor of Strategic Funding Source cutting off a deal to acquire CAN Capital.
Goldman Sachs’ new online lending business has already hit a $1 billion milestone from Business Insider – Since launching in October Marcus has issued over $1B in new loans according to the Goldman Sachs’ CEO.