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.
Pay attention: LendingClub’s first securitization is a big deal from American Banker – Perspective on the new CLUB 2017-NP1 securitization from Lending Club.
LendUp gets strategic investment from PayPal and adds to its executive team from TechCrunch – Very interesting new strategic partnership between LendUp and PayPal announced this week.
Square Capital ramps up lending to customers of small businesses from San Francisco Business Times – Square is looking at getting into the consumer lending business.
China’s traditional banks lose branding ground to internet rivals from Financial Times – Banking has shifted in China and now firms such as Alibaba and Tencent are leading the way.
Visa buys stake in fast-growing fintech group Klarna from Financial Times – Klarna recently received a banking license and now has a new investor.
Blockchain technology is moving into the financial mainstream with IBM and seven European banks from CNBC – IBM is working on blockchain tech for international trade with seven large European banks.
Online lender Pave closes to new customers, explores strategic options from American Banker – Consumer lending platform Pave has stopped issuing new loans and is “exploring strategic options”.
The Market Pushed Us Out of Residential Fix and Flip from RealtyMogul.com – RealtyMogul.com is no longer doing residential fix and flip loans. Here’s why.
LendingHome and LendIt: The Growth and Future of Fintech from LendingHome – Last month I sat down with Matt Humphrey, CEO of LendingHome for a chat at a co-hosted meetup with LendIt.
Credit Karma touts $500 million in revenues from TechCrunch – Impressive growth from Credit Karma, they did $500M in revenues last year.
SoFi Is Offering Avocado Toast for Buying a Home—Yes, Really from SoFi – This month SoFi has a fun promotion for anyone who takes out a mortgage – free avocado toast.
How much of a threat to finance is a ‘Bank of Amazon’? from Tearsheet – More thoughts on the threat that Amazon poses to the financial services industry.
Don’t be fooled by big banks’ stress test results from American Banker – The former head of the FDIC says to be wary about how healthy the big banks are today.
The race to banking license: why fintech companies want the old trusted safety chain from AltFi – The banking landscape is changing as leading fintech companies apply for banking licenses.
This Online Lender Uses Data Analytics To Serve Borrowers Who Lack Credit Scores from FastCompany – The challenge of serving thin file customers and how Oportun has overcome this.
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.
Are borrowers financially healthier or worse off 12 months after borrowing? – A forum member asks if there is data to support that consumers taking loans are in an improving financial situation over time.
Lending Club getting Owned – Forum members try to make sense out of recent news from Lending Club.
June seems to be a horrible month for me – Lending Club investors reflect on June performance.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.
LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.
Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.
Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.
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Peter Rentonhttps://www.lendacademy.com/author/peter-renton/
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Peter Rentonhttps://www.lendacademy.com/author/peter-renton/
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Peter Rentonhttps://www.lendacademy.com/author/peter-renton/
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Peter Rentonhttps://www.lendacademy.com/author/peter-renton/
