Marketplace Lending News Roundup – August 12

News

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.

Online lenders upbeat about turnaround progress, but worries linger from Reuters – More commentary on the LendingClub and OnDeck earnings reports Monday.

How this social entrepreneur is bringing banks to the fingertips of the unbanked from Huffington Post – Interesting interview with the CEO of Humaniq on their vision to help the underbanked in the developing world.

P2P Lending: MarketInvoice Loanbook Snapshot from LinkedIn – Interesting analysis of the MarketInvoice loan book in the UK.

PFM apps are folding as banks work them into their own apps from Tearsheet – Yet another personal financial management app is closing down after being acquired.

Tandem plots new growth strategy buying Harrods Bank from AltFi – In the UK Tandem will be back in the banking business with the acquisition of Harrods Bank.

Lending Startup Earnest Is Working With Barclays to Find Buyer from Bloomberg – It will be very interesting to see who ends up buying online lending platform Earnest.

Journal Entry: LangDi FinTech Conference in Shanghai. The Biggest Fintech Meetup In The World! from Crowdfund Insider – Great piece by Timothy Li on his experience this year in China with LendIt.

Handyman’s Helper: How David Zalik Skipped High School On His Way To Becoming A Billionaire from Forbes – A must read for fintech entrepreneurs. Lauren Gensler’s story on GreenSky billionaire cofounder David Zalik.

LendingClub CEO Sanborn ‘Looking Ahead’ After Scandal from Bloomberg – Emily Chang interviews LendingClub CEO Scott Sanborn to discuss credit card debt, the economic cycle and more.

PitchIt, Part of LendIt Europe, Announces High Profile VC Judges from Crowdfund Insider – We have a great lineup of judges for PitchIt LendIt in Europe this year.

Big banks kick small-business lending into high gear from American Banker – Banks have been steadily increasing their approval rates for small business loans.

PayPal to Expand Lending Offering With Acquisition from The New York Times – PayPal continues to make more inroads in lending, acquiring Swift Capital this week to boost small business lending.

Inside Wells Fargo’s plan to ‘disrupt the disruptors’ from Tearsheet – Wells Fargo is looking to expand FastFlex, their online lending product for small business owners.

Q2 2017: An Update from Our CIO from LendingClub – The CIO of LendingClub provides an update on their loan performance and forecasts.

NSR Invest Acquires LendingRobot, Combined Entity Poised to Dominate RIA Alternative Lending Investing from Crowdfund Insider – More coverage of the big news this week from NSR Invest and LendingRobot.

Oversubscribed, not stirred! LendInvest bond enters the stock market from Peer2Peer Finance News – In the UK LendInvest opens the London Stock Exchange yesterday as they launch the first fintech retail bond.

What JPMorgan’s latest moves reveal about online lending’s future from American Banker – Good piece by Kevin Wack giving more details of the Chase OnDeck partnership.

Credible analyzes student loan data from Bankless Times – Student loan borrowers who shop around before committing to a loan save more than $2,000 according to this new study from Credible.

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.

Roofstock – Forum members discuss Roofstock, a platform for buying and selling single family rentals.

Best way to measure true return – Many investors continue to prefer XIRR for calculating returns.

LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07 – Lending Club released their second quarter earnings this week.

Age vs. Return – It’s important to understand how loan seasoning effects returns displayed by Lending Club.

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