Marketplace Lending News Roundup – March 5, 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.

Auxmoney Raises Series D from Seven Ventures from P2P-Banking – German p2p lending platform Auxmoney has closed a Series D equity round according to P2P-Banking.

loanDepot Announces Strategic Partnership With Orchard Platform from Orchard – Orchard has added loanDepot into their consumer marketplace lending index and market data products.

International P2P Lending Marketplace List – Loan Volumes February 2016 from P2P-Banking – The European p2p lending loan volumes are out for Feb with Funding Circle leading the way once more.

A deep dive on loan investing from BanklessTimes – Why it is important today to invest in higher quality loans says Blue Elephant in BanklessTimes.

JP Morgan CEO Says ‘There’s Nothing Mystical’ About Online Lending Startups from Fortune – Jamie Dimon gives his views on the online lending industry in Fortune.

Crowdfunding and Peer Lending: Time to Swim With the Sharks? from ThinkAdvisor – Financial advisors are finally starting to pay attention to p2p lending.

OnDeck Capital: Highly Misunderstood from Seeking Alpha – Good explanation as to why the recent selloff in OnDeck is unjustified.

Jason Yetton the new CEO at P2P lender SocietyOne from The Sydney Morning Herald – The leading p2p lending platform in Australia SocietyOne has a new CEO – he is a former banker.

An Online Lender `Disrupting’ Banks? More Like Helping Out from Bloomberg – A new banking partnership between Fundation and BancAlliance for small business loans.

Wait a little longer, regulator tells P2P lenders from Financial Times – The UK regulator is struggling to keep up with demand from all the p2p lending platforms looking to tap the new ISA.

David Kimball is Prosper’s New CFO from Crowdfund Insider – Prosper has a new CFO.

What Lending Club’s falling share price means for the P2P lending sector from TechCrunch – LendingClub’s share price has rebounded in recent days but here is a summary of the headwinds.

LendingClub 8-K Filing from EDGAR – LendingClub announces their maximum loan size has been increased from $35K to $40K.

Calculating the Expected Return of a Single Note from LendingRobot – If you like math and statistics you will like this post from LendingRobot on calculating expected return.

NYHFR Survey: P2P Lending Increasingly Popular Among Alternative Asset Managers from FINalternatives – Survey from NY Hedge Fund Roundtable shows strong interest from hedge funds in p2p 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.

Experience with P2P as an Income Generator/Fixed Income replacement? – Investors talk withdrawal strategies with p2p lending.

What TERM loan do you invest in? – Forum members discuss their preference of investing in 36 versus 60 month loans.

Advice please – Members of the forum provide advice to someone just getting started with p2p lending in the US.

Worst Month Yet – Investors share their chargeoffs from February which have decreased for some investors from the prior months.

 

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