Marketplace Lending News Roundup – March 7th, 2020

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.

The Next Revolution In Personal Finance: The Financial Feed by Forbes – We have feeds for Facebook, Twitter, LinkedIn, Instagram, Snapchat just to name a few. Why not a finance feed? Interesting idea from Ron Shevlin. Something that knows your financial life and is actually useful.

This startup has raised $190 million from investors like Andreessen Horowitz to help workers get paid in between paychecks. Its head of B2B explains why why it’s introducing a ‘zero integration’ model by Business Insider – I am convinced that earned wage access will become a standard payroll feature this decade and Earnin is leading the way. Their new “zero integration” model will help accelerate this trend.

Alipay owner Ant Financial takes minority stake in Klarna by Tech Crunch – The Chinese fintech behemoth Ant Financial has taken a small stake in Swedish payments platform Klarna.

LendingClub-Radius deal faces high regulatory hurdles by American Banker – Now that regulators are scrutinizing the first ever fintech acquisition of a bank many are predicting a rocky road for LendingClub on this groundbreaking journey.

FT 1000: the fourth annual list of Europe’s fastest-growing companies by the Financial Times – Congrats to OakNorth who have topped the FT list of the fastest growing companies in Europe. Great to see another fintech company leading the way.

London is Open by LendIt Fintech – My good friend and partner, Bo Brustkern, was in London last week meeting with fintech companies, regulators and investors. He shares his thoughts on the state of London fintech and why it is still the epicenter for our industry.

Chime Has Now Raised $700 Million in its Most Recent Funding Round by Crowdfund Insider – It looks like $500 million was not quite enough for Chime in their last funding round. A filing with the SEC shows they have added another $200m to their Series E.

Do peer-to-peer loans deserve a place in your Isa? by the Financial Times – There has been more than £1 billion that has flowed into Innovative Finance ISAs since they launched in 2016, with much of that going to peer to peer lending platforms.

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