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.
How a Growth Push Derailed CAN Capital, a Big Lender to Small Businesses from The Wall Street Journal – Peter Rudegeair digs into the recent travails at CAN Capital and what may lie ahead.
Tech vendor Misys launches P2P lending software for banks from Reuters – Banks now have another software option with a launch from Misys to help them compete with p2p lending platforms.
Numis analysts’ favourite p2p and direct lending fund from AltFi – Leading UK analyst says the Funding Circle fund is one of the best ways to invest in p2p lending.
Landbay authorised as ISA manager by HMRC from Peer2Peer Finance News – The ISA approvals keep coming in the UK with Landbay getting the nod from the HMRC.
LendIt China Announces Lang Di Fintech 2017, Partners with JadeValue Fintech, And Launches LendIt News on WeChat from Yahoo – I was in China last week and we officially launched our July event there, Lang Di Fintech 2017 (press release).
SoFi officially licensed to lend in New York from HousingWire – After a year of effort SoFi is now licensed to do mortgages in New York.
White House National Economic Council Publishes Framework for Fintech from Crowdfund Insider – The Obama Administration has published an official “Framework for Fintech” paper this week.
Student-Loan Startup Raises Money from Prosper’s Suber, Others from Bloomberg – Congrats to Stephen Dash and the Credible team on their $10M funding round from Ron Suber and others.
BorrowersFirst Secures Additional $100 Million in Funding from Yahoo – The new funding deals keep coming. BorrowersFirst has secured a $100M commitment from Waterfall Asset Management.
Sharestates Tops $275 Million in Real Estate Investment from Crowdfund Insider – Real estate platform Sharestates has reached $275M in total loans and expect to do $750M in 2017.
Prosper Performance Update: December 2016 from Prosper – The monthly performance update from Prosper is out.
UK P2PFA Publishes Q4 Data: Ongoing Growth Indicative of Confidence from Crowdfund Insider – The UK P2PFA has released the total loan volume in 2016 of their members, almost £3B lent.
Lender Linked Finance agrees funding deal with Eiffel from The Irish Times – Irish SME lender LinkedFinance has inked a deal with Paris investor Eiffel Investment Group.
How finance is being taken over by tech from Financial Times – For those not paying attention tech is indeed taking over finance…finally.
Fintech predictions for 2017 from Techcrunch – David Klein of CommonBond shares his predictions for fintech in 2017.
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.
Deadbeats – Forum members discuss the number of straight-rollers (those who take a loan and never pay) in their portfolio.
What loan purpose to avoid? – Investors discuss loan purpose and which stated loan purposes tend to lead to higher returns.
Does LC Suffer Fools Gladly? – The forum discusses recent loan performance, loan allocations at Lending Club and risk.