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.
LendingClub Names BlackRock’s Dunne Chief Capital Officer from Bloomberg – Lending Club has a new head of capital markets, Patrick Dunne, a former BlackRock executive.
Baidu Invests in ZestFinance. Will Partner on Credit Data from Crowdfund Insider – Baidu is the leader in search in China and they are investing in ZestFinance.
REFILE-Marlette gets second ever online loan ABS over the line from Reuters – At Marlette they have closed their second securitization, a $180M deal rated single A.
Little Change in LendingClub Loans Since Madden Decision from Bloomberg BNA – Despite the Madden decision Lending Club grows loan volume in NY, CT and VT.
Goldman Sachs to Launch Online Lender this Fall with Consumer Loan Product from Crowdfund Insider – Looks like the long awaited consumer lending platform from Goldman Sachs will launch in the fall.
Why online lenders should become banks from Financial Times – This reporter believes that marketplace lending platforms should ultimately become banks. I am not so sure.
Can SoFi Be New School And Old Fashioned At The Same Time? from PYMNTS.com – While borrowing a lot from the Wall Street Journal article on SoFi last week another good read on this interesting company.
Measure risk & reward with Peer to Peer Lending from NSR Invest – Zach from NSR Invest discusses the Efficient Frontier a new feature at NSR.
How to Invest in Peer-to-Peer Lending from Investopedia – A brief primer on p2p lending investment options by NSR Invest in Investopedia.
Fundation teams up with minority-owned business agency from AltFi – Fundation has signed an agreement with the Minority Business Development Agency.
How fast should P2P lending grow? from The Economic Times – The CEO of Faircent ponders how fast p2p lending should be growing in India.
Pathfinders at crossroads of finance, tech from Shanghai Daily – Interviews with Jason Jones and Soul Htite on the Chinese marketplace lending and fintech markets.
LendIt China Part 1 | LendIt China from Orchard Blog – New Chinese materials and Jeremy Todd’s initial LendIt China takeaways.
Amazon, Wells Fargo join forces to woo student loan borrowers from Marketwatch – Amazon latest move to become a major force in online lending.
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.
good news finally – The forum discusses Lending Club’s recent hire from BlackRock.
1247 new loans dropped – There was a large influx of notes added to the platform on one day last week.
Goldman-Sachs Consumer Lending Platform Coming this Fall – This week we learned that Goldman Sachs will release their lending platform this fall.
Why does LC limit loan term to 36 or 60 months? – An investor asks why other loan terms aren’t available on Lending Club.