Marketplace Lending News Roundup – June 18, 2016

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.

Online lender Marketlend raises $1 million in funding from Reuters – Industry veteran Jon Barlow has invested in Australian small business p2p lending startup Marketlend.

Weekly Industry Update: June 12, 2016 from PeerIQ – I always learn something reading the PeerIQ newsletter. Here is the latest.

Zopa CEO Jaidev Janardana: Leading UK P2P Lending with Superior Service, Transparency and Cutting-Edge Fintech from Crowdfund Insider – Interesting interview with the CEO of Zopa on state of the UK p2p lending market.

Online Lender’s Secret to Success: Past Failure from The Wall Street Journal – Better Mortgage, a new online lender, recently raised $30M to take on the home mortgage market.

Hedge funds are asking for a tool to stop another LendingClub disaster — this company is building it from Business Insider – More on the Global Debt Registry validation tools for the marketplace lending industry.

The U.S. Online, Non-Bank Finance Landscape from Milken Institute – New detailed report by Jackson Mueller of the Milken Institute on the online lending landscape.

Will Fintechs Kill the FICO Score? from PaymentsSource – Many online lending platforms still use FICO but only as one data point among many.

Credit-Card Warning Sends Synchrony Shares Dropping from The Wall Street Journal – Looks like a small uptick in defaults could be coming based on reports from a leading credit card issuer.

The great P2P lending slowdown from Financial Times – The UK p2p lending industry is probably in better shape than the US today but volume is slowing down there as well.

Boom, bubble or bust for fintech? from TechCrunch – Many areas of fintech are booming but as the p2p lending industry now knows success won’t come easy.

Personal loan rates drop — but not everywhere from Bankrate – While marketplace lending platforms are increasing rates on personal loans elsewhere rates are dropping.

Why Avant’s Al Goldstein is excited about partnering with big banks from City A.M. – The CEO of Avant talks with Harriet Green of City A.M. about why the hybrid model is better.

P2P maintains its appeal as China redraws financial system from South China Morning Post – The pessimism of the China p2p lending sector may be overdone (just like here in the US I would say).

LendInvest takes a step closer to becoming the first UK peer-to-peer lender to float from The Telegraph – The IPO talk has died down this year but LendInvest look like they are quietly positioning themselves.

Despite troubled online lending market, Payoff raises a big new round from TechCrunch – Impressive that in today’s environment online lending platform Payoff just raised almost $50M.

Ratings agencies offer measured take on marketplace lending from AltFi – At ABS Global Ryan Weeks reports on the attitudes of ratings agencies on marketplace 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.

revenue per employee – One forum member looks at revenue per employee and Lending Club and Prosper, comparing it to other financial institutions.

Good News finally – The forum discusses recent transactions of Lending Club stock.

What is the secret to success for investing in notes? – A new investor asks about best practices when investing in Lending Club.

How can I calculate the present value or current value of a loan? – An investor asks how to calculate present value of a loan.

Retail Loan Availability – A discussion around recent loan availability on Lending Club.

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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