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.
Shanda Group Raises Stake in LendingClub to 15.1% from The Wall Street Journal – The largest equity investor in Lending Club recently increased their stake.
European Investment Bank backs Funding Circle with £100m from AltFi – The European Investment Bank is investing £125M in Funding Circle loans and their new SME fund.
Borrowell Providing Canadians with Free Access to Credit Score After Equifax Partnership from BetaKit – Canadian platform Borrowell has teamed up with Equifax to offer consumers access to free credit scores.
Alternative lenders aren’t going away, they’re just misunderstood from TechCrunch – Interesting perspective on the valuation of marketplace lending platforms by Charles Birnbaum of Bessemer Venture Partners.
Skin in the Game from LinkedIn – How Insikt thinks about “skin in the game” for marketplace lending platforms.
Kabbage partners with Scotiabank to provide small business loans in Canada and Mexico from TechCrunch – Another bank partnership for Kabbage, this time with Scotiabank in Canada and Mexico.
Brexit Brings on a New World in Europe from the LendIt Blog – A short piece from LendIt about the Brexit vote.
City of London Corporation Policy Chairman: Task now is to secure the best deal for Britain from City of London – London considers itself the global center of fintech. This is the official statement from the City of London on Brexit.
Opinion: 4 things to watch for in Lending Club’s annual meeting from MarketWatch – The Lending Club annual shareholder meeting is Tuesday and here is what Emmanuel Marot of LendingRobot is watching for.
UK votes Leave – AltFi leaders react from AltFi – A great roundup of reactions by marketplace lending leaders in the UK on the Brexit vote.
How the Brexit Influences My Personal P2P Investment Strategy from Wiseclerk – Long time European P2P blogger and investor discusses his strategy post-Brexit.
Orchard Lendscape 5.0 from Orchard – The latest version of Orchard’s popular marketplace lending ecosystem infographic is out.
Fintech companies raise money, despite LendingClub downfall from Yahoo Finance – It is not all doom and gloom in fintech with some companies successfully raising new money.
5 key considerations post Brexit from AltFi – Ryan Weeks gives his perspective on what is most important for P2P lending platforms post Brexit.
From the Lend Academy Forum
The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.
Explain My Charge Offs! – Investors discuss charge offs in a relatively new account.
LC daily loan volume – One investor digs into loan volume at Lending Club and shares his findings.
My ANAR is down over 1% in less than a month… – The forum talks about defaults and borrower behavior related to unsecured lending.
Good News finally – A discussion of recent transactions of Lending Club stock.