Marketplace Lending News Roundup – February 25

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.

Yes, Mr. President, Banks Are Lending from The New York Times – Despite what we hear Gretchen Morgenson shares in her Sunday column that banks are indeed lending more.

Leading marketplace lender Funding Circle tops £2bn mark from AltFi – Congrats to Funding Circle on achieving £2B in total loans issued.

Marketplace Lending and the Three Bears: A FinTech Tale from Medium – Former Deutsche Bank trader & Wharton MBA student gives a great analysis on the current state of marketplace lending.

LendIt Announces 2017 PitchIt Finalists from PR Newswire – The annual PitchIt @ LendIt finalists have been announced. We have another great crop of startups this year.

LendIt Conference 2017: Orchard’s CEO Matt Burton Talks Marketplace Lending from Forbes – Great interview with Matt Burton, CEO of Orchard about the state of marketplace lending.

UK neobanks are still seeking funding from Business Insider – Interesting breakdown of the total money raised by the UK digital banks. Atom Bank leads the way with £235M.

Investor Opportunities in Non-Prime Lending from LendIt – Watch the latest LendIt Forum presentation on opportunities in non-prime lending.

RealtyMogul.com Announces New Retirement Investment Options for MogulREIT I, Adds Two New Assets from BusinessWire – Good news for non-accredited investors. The RealtyMogul MogulREIT now accepts IRA money.

dv01 provides insights into securitisation of consumer loans from Finextra – This week dv01 announced the launch of Securitization Explorer, a new tool for investors.

Wall Street’s Humans Notch a Win Against the Computers from The Wall Street Journal – The corporate loan trading market is huge and it has gotten more efficient in recent months.

SoFi Announces $500 Million Strategic Growth Investment Led by Silver Lake from SoFi – It is now official. SoFi has closed their much talked about $500M funding round.

Investors flock to Innovative Finance ISA from AltFi – The big three are still not approved but in the UK money is flowing into Innovative Finance ISAs.

China’s Top P2P Lender Pivots Away From the Business from The Wall Street Journal – In China Lufax is moving away from p2p lending and into wealth management for their 25 million users.

My Adventures in Fintech from WealthManagement.com – Journalist shares his experience of investing in fintech companies, including Lending Club, over the past five years.

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.

LC prepayments rising – Lending Club investors discuss whether prepayments are on the rise and try to determine what percent of Lending Club borrowers are refinancing old loans into new ones.

Soliciting feedback for my strategy – An investor asks the forum what they think of his/her loan selection strategy.

Email – Changes to Grace Period Interest Accrual – Lending Club is changing how interest accrues for borrowers who are in grace period.

a view of LC’s deteriorating investor returns – Investors dive deep into recent loan performance.

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