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.
SoFi President Nino Fanlo to Leave Firm for Biotech Startup from The Wall Street Journal – The Wall Street Journal is reporting that Nino Fanlo, the president and CFO at SoFi, is leaving the company.
Review: “When Markets Quake” Online Banks and Their Past, Present and Future,” by Marshall Lux and Martin Chorzempa from Orchard – Good review of a recent Harvard paper on marketplace lending – past, present and future.
States gang up to kill US fintech charter and offer alternative ‘Vision 2020’ from CNBC – The states continue to gang up on the OCC to try to kill their proposed new fintech charter.
Fintech lender MarketInvoice gets a boost as Portuguese bank puts £45 million on its platform from Business Insider – A Portuguese digital bank has agreed to lend £45M on the MarketInvoice platform.
AlphaFlow Adds Veteran Fintech Executive AdaPia d’Errico to Management Team from Business Wire – Industry veteran AdaPia d’Errico is now the COO of AlphaFlow (press release).
LendingClub Taps PayPal Executive Allocca to Serve as President from The Wall Street Journal – The head of Paypal’s credit business is heading to Lending Club to become the president there.
LendUp launches a better credit card for people looking to improve their credit from TechCrunch – Short-term lender LendUp has released a new credit card for the subprime market with low fees. [Read more…]