Marketplace Lending News Roundup – July 4, 2015

 

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.

A New Tariff on ‘Interest-Rate Exports?’ from The Wall Street Journal – This federal appeals court ruling could have a big impact on the marketplace lending industry.

Borrower Prepayment and Investor Returns from Orchard – Many investors don’t realize that prepayments do have an impact on returns.

The secret driver behind one of the fastest-growing online lending startups from Quartz – Good profile on SoFi as they recently crossed $3 billion in total loans issued.

Alternative Finance Industry Representation Triples in FN FinTech 40 from AltFi News – Some big names in marketplace lending on the UK Financial News FinTech 40.

New opportunity to invest in fund targeting up to 15pc peer-to-peer returns from The Telegraph – In the UK, p2p lending pioneer P2P Global Investments is hoping to raise another £400M.

P2P lender finds new funding partner for further expansion from FT Advisor – Congrats to Landbay, the buy-to-let p2p lender. for their agreement with Keystone, worth £200M in 2016

Once-hot online lending companies go cold in face of skepticism from Fortune – The stock price of both Lending Club and OnDeck have taken a beating in recent weeks.

Prêt d’Union Raises 31M EUR from P2P-Banking – French marketplace lending platform Prêt d’Union has raised €31M and will expand internationally.

Avant CEO on Growth, IPO Plans, and the Best Advice He’s Gotten From Peter Thiel from Chicago Inno – Good interview with Al Goldstein CEO of Avant, the fastest growing Chicago company since Groupon.

Sailing to world records on LendingClub’s yacht from CNBC – Good piece by Ari Levy on Renaud Laplanche and the Lending Club yacht cruising around San Francisco Bay this summer.

Nonbanks Rethink the Lending Marketplace from Institutional Investor – Interesting take on the innovation happening today in marketplace lending from the investor perspective.

International P2P Lending Services – Loan Volumes June 2015 from P2P-Banking – The international p2p loan volumes for Europe last month.

UK Volume Roundup – A Steady End to A Massive First Half from AltFi Data – Sam from AltFi Data digs into the UK loan volume for the first half of 2015.

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.

Peer-to-Peer Marketplace Model Comes to Insurance – Forum members discuss a peer to peer/marketplace model coming to insurance.

Weird goings on at LC – A discussion about the recent loans available on the Lending Club platform.

Technical Glitch for New Loans – A forum member reached out to Lending Club regarding number of loans on the fractional market and posted Lending Club’s response.

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