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Marketplace Lending News Roundup – June 23

June 23, 2018 By Peter Renton Leave a Comment

Views: 61

News

During the week I share the latest marketplace lending and fintech 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.

Inside SoFi’s World Cup strategy from Tearsheet – SoFi is no stranger to TV ads during big sporting events but this is an interesting look inside the company’s ad campaign for the World Cup.

Fed Raises Rates, Rising Inflation & the Yield Curve, PeerIQ Webinar from PeerIQ – The PeerIQ newsletter this week takes a deep dive into interest rates and what the Fed might do next as well as analysis of the yield curve for US Treasuries.

Peer-to-peer lender Ratesetter in talks about £30m fundraising from Sky News – In the UK RateSetter is looking to raise £30M at a reported £280M valuation as the company starts to gear up for an IPO.

New Credit Card Startup Lands $50 Million From PayPal Mafia And Other Investors from Forbes – Interesting startup has taken a different approach to the staid corporate credit card.

Are you ready to ditch your bank? SoFi is betting its future on it from Fast Company – The new SoFi banking app, called SoFi Money, launches in beta today. Ainsley Harris has the scoop.

5 Questions with Nat Hoopes from VantageScore – Five questions with Nat Hoopes talking about the great work being done by the Marketplace Lending Association.

SoftBank Finally Finds A Bargain from Forbes – NYSE-listed Chinese internet company Renren about to be taken private and with it investors will no longer have exposure to equity investments in the likes of SoFi, LendingHome, Fundrise and more.

Yirendai Announces Institutional Funding from Goldman Sachs from Crowdfund Insider – Chinese fintech platform Yirendai has closed a $50 million (RMB 324 million) funding facility from Goldman Sachs.

Open banking is happening, and it just might be the most optimal path to digitization from PwC – New report on open banking from PwC shows that the future of banking is open and this could actually accelerate efforts to revitalize growth in banking.

New Bank Regulator Sets ‘Open Door’ Policy on Rule Changes from The Wall Street Journal – The new head of the FDIC, Jelena McWilliams, made her first public remarks since becoming Chairman two weeks ago and the WSJ dissects her thoughts.

Capital One Co-Founder Is Making a Bet on Risky Borrowers from Bloomberg – Nigel Morris, the managing partner of QED Investors and co-founder of CapitalOne, is probably the most experienced executive in all of fintech. He is now joining the board of subprime lender LendUp along with Frank Rotman.

Ireland’s Linked Finance secures £44m funding from BNI Europa from P2P Finance News – European digital bank BNI Europa is becoming a prolific marketplace lending investor. Their latest is a €50m investment into Irish business lending platform Linked Finance.

Crowd lending fintech raises more than $17M from American Banker –  The unique bank partnership program of P2Binvestor is getting a boost with a new $17m investment.

Exclusive: “We want to originate €1bn to SMEs per year,” says BNP Paribas AM from AltFi News – European banking giant BNP Paribas intends to lend €1 billion a year with their new digital small business lending platform.

The difference between FinTech and TechFin from The Finanser – Chris Skinner looks at how technology companies approach financial services and why it is very different to how fintech companies do it.

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.

Are Lending Club’s Statistics Pages Broken? – A good reminder that LendingClub updates their statistics page every quarter.

LendingClub is missing a couple of my notes – In certain circumstances LendingClub may remove loans from investor accounts. In this case it was due to fraudulent loans being taken out.

Liquidity when investing in P2P loans – Investors discuss the current state of liquidity when investing in marketplace lending platforms.

Filed Under: News Roundup

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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