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. Scandal costs Sofi chance to become a bank, says ex-SEC head from Financial Times – Former SEC Chairman and SoFi […]
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Prosper Closes on a $50 Million Funding Round at a $550 Million Valuation
Back in the heady days of early 2015 the marketplace lending industry was running at full throttle. Every company was growing fast and raising money at fantastic valuations as there seemed to be a bottomless pit of funding available for everyone. It was against that backdrop that Prosper raised $165 million in April 2015 in […]
Featured Article
A Manifesto to All Men: We Have to Do Better
Like many of you I was shocked and infuriated by the news out of SoFi last week. I think we all expected better from the company and its leaders. Some of the behavior that has been reported is reprehensible and it points to a much deeper problem that goes way beyond fintech. The problem of […]
Latest Lend Academy Podcasts
Podcast 119: Andy Hinrichs of AutoGravity
I don’t think many people would argue that the car buying experience is in serious need of disruption. Sitting in a car dealership for hours while wondering whether or not you will be approved for financing is something that should have ended a decade or two ago. Enter AutoGravity. They have brought the entire car buying […]
Podcast 118: Misha Esipov of Nova Credit
I first arrived in this country as an immigrant back in 1991. I tried to apply for a credit card and was rejected. Multiple times. The reality was that my stellar credit history in Australia was meaningless in this country. Our next guest on the Lend Academy Podcast is trying to solve this problem. They […]
Podcast 117: Patricia Voorhees of The Alta Group
Equipment finance is one of the largest verticals with around $1 trillion in financing happening every year. We have never had a show dedicated to this space until now. Like other verticals there are some very well established legacy players as well as some enterprising and nimble fintech companies looking to do things differently. On […]