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.
SocietyOne shuffles senior ranks as volumes accelerate from Australian Financial Review – Australia’s leading p2p lending platform SocietyOne has had a reshuffle at the top.
P2P Lending Platform BLender Starts Global Expansion with New EU Offices from Finance Magnates – Israeli p2p lending platform BLender is expanding to Italy and Lithuania.
Prosper Performance Update: August 2016 from Prosper – The monthly performance update from Prosper shows returns remain strong and Q3 FICO score is 713.
ABS East: Steve Eisman Brings Down the House (Again) from Asset Securitization Report – Yesterday Steve Eisman of The Big Short fame addressed a securitization conference for the first time since 2007.
Small Biz Loan Approval Rates Rebound at Big Banks, Institutional Lenders in August 2016, According to Biz2Credit Small Business Lending Index from Biz2Credit – Interesting chart from Biz2Credit on trends in approval rates for different kinds of SME lenders.
P2P lending rediscovers balance sheet magic from Financial Times – In the UK RateSetter has decided to help a troubled business borrower with a £2M loan from its balance sheet.
SoFi launches employee benefit programme to reduce student debt from Finextra – I think this could be a big new trend. SoFi announces SoFi at Work, a new employee benefit program. [Read more…]