During the week I share the latest marketplace lending and fintech 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. Goldman Sachs, Point72 and others invest $44 million in business credit startup Nav from Reuters – We start […]
Today’s News
- JPMorgan Looks to Establish Themselves as Leader over Swift and RippleJPMorgan Chase announced a JPM Coin to allow for interbank payments on a closed network using their Quorum technology; the move is in direct competition to Swift and Ripple as the bank looks to become the leader in interbank payments; the coin will be worth one dollar back by the bank; there are over 150 […]
- The SBA Should Start Working More With Fintech LendersIn an op-ed in American Banker the head of Funding Circle USA, Bernardo Martinez, calls on the U.S. Small Business Administration to do more to work with fintech lenders; the SBA 7(a) program is the largest conduit for capital to small business approving over 68,000 loans totaling more than $25 billion in 2017; it is […]
- U.S. Fintech Unicorns Valued at $147 BillionLast year was a record year for fintech funding with VC-backed fintech companies raising close to $40 billion globally; there are now 39 fintech unicorns in the U.S. worth more than a combined $147 billion; led by Stripe with a valuation of $20.5 billion these companies are changing the face of finance. Source.
LATEST PODCASTS
Podcast 187: Nima Ghamsari of Blend
For many people the mortgage application process is the most stressful of all financial transactions. It is fraught with challenges and obstacles as lenders often require a huge amount of documentation before approving a loan. But this cumbersome process is slowly changing as fintech companies address mortgage lending head on. Our next guest on the […]
Podcast 186: Susan Ehrlich of Earnest
The student loan refinancing space didn’t exist 10 years ago. Now, with the outstanding total of student loans reaching $1.5 trillion, tens of billions of student loans have been refinanced in the past decade saving students hundreds of millions of dollars in interest. Our next guest on the Lend Academy Podcast is Susan Ehrlich, the […]
Podcast 185: Jeffrey Meiler of Marlette Funding
The marketplace lending industry began with personal loans and it is still our biggest vertical when it comes to loan volume. Much of this volume has actually gone to consolidate credit card debt. Which is one of the reasons why many companies look to the credit card industry for expertise. Our next guest on the […]