Marketplace Lending News Roundup – March 4

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.

LendIt USA 2017 Speakers to Follow on Twitter from LendIt – The ultimate LendIt Twitter guide. Handles for all the LendIt USA speakers.

Brexit Terrified This CEO. Then Business Jumped 50% from Bloomberg – While it is still early days the Brexit vote has not harmed Funding Circle thus far.

The role venture capitalists can play in pairing banks and fintech from American Banker – Great interview with Nigel Morris, the co-founder of CapitalOne & head of QED Investors.

Peer-to-peer loan groups told to stop lending to each other from Financial Times – In the UK the FCA has warned p2p lending companies not to lend to each other amid delays in full authorization.

iLendingDirect’s Credit Unions Join AutoFi’s Platform from Auto Finance News – Auto platform AutoFi has partnered with iLendingDIRECT to provide online auto loans for credit unions.

Zopa and Funding Circle awarded Superbrand status from Peer2Peer Finance News – In the UK they have a Superbrands list and in 2017 both Funding Circle & Zopa made the list.

LendIt Conference 2017: Lendit’s Cofounder Jason Jones Talks Fintech Trends from Forbes – My good friend and partner Jason Jones talks fintech trends and the evolution of LendIt.

Millennial lender Upstart just raised $32.5 million to license its tech to other companies from TechCrunch – Big news from Upstart this week. A fresh round of funding and they are licensing their tech now.

LendUp: Funding Growth, Fueling Opportunity from LendUp – Congrats to LendUp on crossing $1B in total loans issued and for the new deal with VPC – post from CEO Sasha Orloff.

Make Online Lender Partnerships Work for You from Independent Banker – A look at partnerships between online lending platforms and banks and how they can be win-win.

Silicon Valley Bank expands to Beijing from American Banker – Silicon Valley Bank is a forward thinking bank when it comes to doing business in China.

SoFi CEO: Shaking Up Finance from YouTube – Mike Cagney of SoFi talks about what makes them different with Jim Cramer on Mad Money.

US District Court Weighs In on Madden v. Midland Funding Remand from The National Law Review – There was movement in the Madden v Midland case this week with a ruling granting motion for class certification.

Alibaba-Rival JD to Get $2.1 Billion in Finance Arm Spinoff from Bloomberg – Another major Chinese company is spinning off its finance arm.

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.

IGP No Contact Made – Investors discuss what it might mean when there are no log entries for loans that are in grace period.

LC prepayments rising – Lending Club investors discuss whether prepayments are on the rise and try to determine what percent of Lending Club borrowers are refinancing old loans into new ones.

a view of LC’s deteriorating investor returns – Investors dive deep into recent loan performance.

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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