Marketplace Lending News Roundup – July 29

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.

SEC Focus on Capital Formation & Enforcement, and What it Means for Direct Lending from PeerIQ – This week’s PeerIQ newsletter discusses SEC enforcement as well as valuation issues.

Will banks in the US dominate consumer lending once again? from AltFi – My guest post on AltFi about banks and their return to consumer lending.

Affirm now has 1,000 retail partners from TechCrunch – Point of sale lender Affirm is getting good traction with more than 1,000 merchants signed up.

Moody’s upgrades seven tranches from four Prosper marketplace lending ABS securitizations from Moody’s – Good news for Prosper as Moody’s upgrades seven tranches from some 2015 securitizations.

PayPal & LendUp Bridge Financial Inclusion Gap from deBanked – Sasha Orloff of LendUp talks financial inclusion and their partnership with PayPal.

The Amazon Model: Can New-Age Technology and Local Touch Co-Exist in Lending? from Forbes – Brock Blake of Lendio says that small business lending is always going to be about great technology and the personal touch.

Fintech Firm Backed by Warburg Pincus Files for Bank Charter from The Wall Street Journal – Digital banking startup Varo is applying for a full banking license.

Amazon Banks On Its $3 Billion Loan Club from Forbes – Amazon’s lending business has been in the spotlight lately. Could they be planning an expansion into banking?

CPG investing platform CircleUp will now issue loans to help consumer brands grow from TechCrunch – Equity crowdfunding platform CircleUp has launched a small business lending platform.

P2PGI sees NAV rise, but warns attractive returns are becoming scarce from Peer2Peer Finance News – Publicly traded UK fund P2PGI is having a decent year but says good new opportunities are scarce.

‘Back to the basics’: What the SEC’s ruling on DAO tokens mean for the industry from Tearsheet – The SEC has ruled that ICO tokens are securities, a decision that will no doubt impact the ICO craze.

Is new retail bond from LendInvest a buy? from AltFi – David Stevenson weighs in on the new retail bond offering from LendInvest in the UK.

Why This Co-Founder Keeps His Calendars Public to His Employees from Entrepreneur – If you don’t know Sam Hodges of Funding Circle you can learn a great deal about him and his leadership style here.

Goldman launches new online lending strategy for mass affluent from Reuters – First they launched Marcus now Goldman Sachs has created GS Select to lend money to wealthy clients.

Revisiting Vintage Analysis- How Loans Perform With Age from Orchard – Good in depth analysis of loan performance at Lending Club and Prosper.

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.

Secondary Market Inventory LOW – Investors discuss the current state of the secondary market.

Another reason future years decline – Forum members clarify how to think about returns when investing in amortizing loans.

June seems to be a horrible month for me – Some investors are concerned what the future holds for Lending Club with new entrants in the market.

Withdraw some funds from Lending Club IRA account – Investors who have invested through an IRA discuss the fees involved in winding down an account.

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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Jamie Dimon in 2015
Jamie Dimon in 2015
Jul. 29, 2017 9:44 am

Shocking news about ICO’s… unless you’ve been paying attention:

https://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/