Marketplace Lending News Roundup – March 11


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.

Amazon’s history points the way for online lending: Lending Club CEO from American Banker – Coverage of the first two sessions at LendIt USA, Scott Sanborn’s keynote and the Ash Gupta Q&A.

LendIt Conference 2017: loanDepot CEO Anthony Hsieh Talks Mortgage Innovation from Forbes – Q&A with loanDepot CEO Anthony Hsieh on what makes his company different.

Quona Capital’s fintech fund for the ‘underserved’ closes $141m from ZDNet – Acción has launched a $141M fund to help fintech startups in emerging markets access capital.

The US government is defending its fintech charter from Business Insider – Coverage of Comptroller Curry’s remarks at LendIt USA defending the OCC fintech charter.

Six ways Goldman Sachs’ online lender, Marcus, strives for an edge from American Banker – Harit Talwar, the head of Marcus, talks publicly for the first time at LendIt USA on what makes them different.

Former Barclays CEO: Radical transformation in financial services is coming from LinkedIn – Antony Jenkins, the former CEO of Barclays, now a fintech entrepreneur gives his take on the future of finance.

LendIt: Election years can disrupt fintech, too from HousingWire – Roundup of the three government speakers at LendIt USA this week.

The Stamina of Rocky Balboa: Prosper President Ron Suber Updates on Marketplace Lending Industry (Video) from Crowdfund Insider – The only person to deliver 5 keynotes at LendIt USA is Ron Suber. Here is a rundown of his presentation this year.

Experian joins Marketplace Lending Association to drive responsible financial innovation from Experian – The Marketplace Lending Association has a new member: Experian (press release).

Kabbage nabs $500M for small business loans from TechCrunch – A large $525M securitization from Kabbage will be closing this month.

How Former Apple CEO John Sculley Keeps on Innovating from Inc. – The former CEO of Apple and Pepsi, John Sculley, talks fintech at LendIt USA this week.

Motif gets political with values-based investing tool from Financial Planning – The CEO of Motif launched Motif Impact Portfolios at LendIt USA this week.

LendIt Names PitchIt Competition And LendIt Industry Award Winners from PR Newswire – Here are all the winners from the first ever LendIt Industry Awards dinner.

What blockchain can do for p2p lending platforms from AltFi – Interesting piece on how the blockchain could be applied to p2p lending.

AmEx’s Lending Push Goes Beyond Cards from The Wall Street Journal – First Goldman Sachs, now Amex is starting a personal loan operation.

Zopa creates waiting list for new investors from Peer2Peer Finance News – In the UK it looks like Zopa is awash in investor money. They now have a waiting list.

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.

$100 IRA fee / winding down / charge offs – An investor gets a couple of questions answered about winding down an IRA with Lending Club.

NAR doesn’t make sense – The forum discusses the inner workings of the NAR calculation.

Worst Month Yet – A popular thread where investors continue to share account performance.