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.
Regulator Warns Banks on Use of New Technologies from The Wall Street Journal – The OCC has warned banks to be careful when seeking partnerships with fintech firms.
SocietyOne’s lending tops $300 million, bucking personal credit weakness from The Sydney Morning Herald – In Australia the leading marketplace lending platform is getting good traction.
Challenger Bank BNI Europa Announces “Puzzle”, an Online Lender to Streamline Consumer Credit from Crowdfund Insider – Innovative European digital bank BNI Europa has launched a consumer online lending platform.
Funding Circle Germany Publishes Loanbook Performance Figures from P2P-Banking – Wiseclerk gives his perspective on Funding Circle Germany performance numbers just published.
Fintech Remains Loyal to Prosper & Suber from deBanked – More perspectives on the official departure of Ron Suber as President of Prosper.
German Consumer Lender Auxmoney Passes the Half-Billion-Euro Mark from Crowdfund Insider – German online lending platform auxmoney has passed €500M in total loans originated.
dv01 Launches Strategic Reporting Partnership With Upgrade from PR Newswire – Analytics platform dv01 has signed up Renaud Laplanche’s Upgrade in their latest reporting partnership.
Expanding access to credit, one small business at a time from LendingClub – LendingClub has expanded their relationship with Opportunity Fund, to provide more capital to small businesses.
UK fintech start-up Revolut raises $66 million, adds bitcoin from Reuters – European fintech startup Revolut continues to impress. Now they have raised $66M in a huge Series B.
Rocket Internet Sells Lendico to Arrowgrass from P2P-Banking – Lendico a once leading German marketplace lending platform has been sold to UK hedge fund Arrowgrass.
White Paper: Top 10 Considerations for International Investors Investing in the U.S. Marketplace Lending Industry from dv01 – There is still plenty of demand for U.S. marketplace lending assets from outside the U.S.
PayPal Holdings Invests in LendUp — What Investors Need to Know from The Motley Fool – An interesting look into how PayPal might use their new partnership with LendUp.
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.
Automated investing questions – An investor asks a few questions about automated investing and Lending Club.
June seems to be a horrible month for me – Forum members discuss June performance and their perspective on cryptocurrencies.
Worst Month Yet, Prosper Version – One Prosper investor shares the high returns they are seeing after one year of investing in Prosper loans.
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. 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.