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.
Ranger Direct shares end higher after bowing to activist pressure to wind up from Financial Times – Struggling UK listed fund Ranger Direct Lending looks to be closing its doors.
‘Open banking on steroids’: Monzo launches task automation with IFTTT from Tearsheet – This kind of innovation from Monzo is what is going to make digital banking really useful.
Lending through Funding Circle unlocked 75,000 jobs in 2017 from PR Newswire – New report out shows that Funding Circle loans have helped create 75,000 new jobs in the US and UK in 2017.
Fintech threatens to eclipse banks that do not adapt digitally from Financial Times – Interesting opinion piece in the FT by the Chairman of BBVA about the potential transition of banks into marketplaces as they continue to innovate.
Amazon launches lending platform for sellers from The Economic Times – Interesting news out of India where Amazon India becomes the first country to launch their “seller lending network”, it is like a loan marketplace for Amazon sellers.
PayPal rival Adyen surges 90 percent in IPO with valuation topping $15 billion from CNBC – Fantastic start for fintech platform Adyen as they went public in Amsterdam yesterday and soared almost 90% on their first day of trading.
Platforms shift to auto-lending as demand for diversification rises from Peer2Peer Finance News – In the UK there has been a shift among p2p lending investors to choosing automated investing options at the platforms. [Read more…]