Marketplace Lending News Roundup – February 20, 2016

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.

Marketplace Lending & the 2016 Economy from Orchard – In a less favorable economy how would marketplace lending perform asks Orchard.

Application Deadline for PitchIt @ LendIt Competition for Fintech Startups is Feb. 21 from LendIt – Application Deadline for PitchIt @ LendIt Competition for Fintech Startups is Feb. 21.

Prosper Raises Rates on Loans from Crowdfund Insider – Prosper just gave investors a boost with increased interest rates.

P2P trusts: Time to be wary or snap up opportunities? from Investment Week – Great rundown of the publicly traded p2p lending investment vehicles in the UK.

Pushing Boundaries: The 2015 UK Alternative Finance Industry Report from KPMG – The latest alternative finance report from Cambridge and Nesta is out with responses from 94 platforms.

Student Lender Earnest Breaks Fintech Deal Drought from The Wall Street Journal – The first online lending securitization of the year is completed by Earnest, a $112M student loan deal.

Banks account for a quarter of P2P lending from Financial Reporter – 2015 saw a rapid growth in institutional interest in p2p lending in the UK.

Return on Love – a look at Wedding and Engagement borrower data from LendingRobot – Some interesting analysis by LendingRobot about wedding and engagement loans.

P2P sheds ‘alternative’ label and moves into mainstream from Financial Times – In the UK the p2p lending industry is maturing and this could be the year that it goes mainstream.

Zopa Unveils Zopa Classic, Zopa Access and Zopa Plus from P2P-Banking – Big changes are coming for Zopa investors as they announce three new lending products.

RateSetter made peer-to-peer loans from contingency fund from Financial Times – In the UK RateSetter is forced to backpedal after making business loans from their provision fund.

Online lenders see cash crunch from CNBC – While there are certainly headwinds for marketplace lending in 2016 I wouldn’t call it a cash crunch yet.

Macquarie takes stake in fintech minnow from The Australian – Australia’s largest investment bank has taken a stake in DirectMoney.

The Lendscape from Orchard – A new version of the popular Orchard lendscape is out for 2016.

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.

Fully Paid Loan Percentage – Investors discuss what percentage of their loans get paid early.

How does Default status work? – Lending Club investors discuss defaults, collections practices and fraud.

What TERM loan do you invest in? – One investor shares that we now have data on one full year of Lending Club 60 month notes that have matured and compares the performance to 36 month loans.

TurboTax can now import LC 1099 info! – Lending Club now makes it easier for investors to file their taxes.

 

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