Marketplace Lending News Roundup – June 6, 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.

Three Innovations to Watch For In Consumer And Small Business Lending from Forbes – Where Snehal from Cloud Lending thinks marketplace lending is heading.

Orchard Co-Founder & CFO Angela Ceresnie: This is Only the Beginning for Marketplace Lending, This is the Future of Credit from Crowdfund Insider – Good interview with Angela Ceresnie of Orchard on enabling and scaling marketplace lending.

Orchard Around the World from Orchard – The Orchard folks were busy last week presenting at conferences and meetups.

How a Flawed Story Hides The Real Danger of Securitization from The End Of Banking – Interesting take on securitization and why it has really come to marketplace lending.

International P2P Lending Platforms – Loan Volumes May 2015 from P2P-Banking – The numbers are out for May loan volumes in Europe and Zopa is leading the way once again.

P2P hits record high value of US $9.8 Billion from Shanghai Daily – Last month in China $9.8B in loans were issued by P2P platforms. That is likely 6-8 times the US volume.

Peer-to-Peer Lending Takes Off in China from The Wall Street Journal – Great article about the Chinese p2p lending market and the growth they are experiencing there.

More Europeans arrive – Spotcap now open for business from AltFi – Another European platform Spotcap has entered the Australian market reports Glenn Hodgeman.

SoFi to Sell Peer-to-Peer Bonds With Highest Grades Yet from Bloomberg Business – Another rated bond offering from SoFi for $411M is about to hit the market.

Banks beware: a new wave of lending is taking hold from ABC (Australia) – There has been a lot of coverage in the Australian press on p2p lending in recent weeks.

Peer-to-peer lending isn’t shadow banking: It’s now more transparent than ever from City A.M. – The CEO of Zopa makes the case for removing p2p lending from the shadow banking moniker.

Database Grows to Over $20B in 2015 Projected Volume, 500% Growth Since Launch from Orchard – Another 20 originators have been added in the last month to the Orchard database.

Comparing the Big Three – What effect is institutional involvement having on Gross Lending rates? from AltFi – Rupert from AltFi looks at interest rates at the UK big three: Zopa, RateSetter and Funding Circle.

Boost Your Returns by Selling Newly Issued Notes on Folio from LendingMemo – Simon shares an investing strategy for selling newly issued Lending Club notes on Folio.

Injecting Life Into the Central African SME Space from AltFi – Ovamba is bringing p2p lending to Central Africa. Great interview with COO and co-founder Viola Llewellyn.

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.

Automated monthly payment failed due to account issue – Forum members discuss this entry in the logs and how often loans with these entries default.

Charge off percentages – Investors continue to compare accounts and default rates.

Just use A/B/C LC notes for Asset Alloc (Stocks and P2P vs Stocks and bonds) – Very popular thread discussing asset allocation.

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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