Marketplace Lending News Roundup – May 23, 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.

Interest Rate Changes – Sub-grade Analysis from LendingAlpha – An in depth look at the recent Lending Club interest rate change.

Regulations set to standardize Chinese P2P lending from Treasury Insider – Soon we will find out the details of China’s new regulations for the p2p lending industry.

Metro Bank strikes deal to lend through P2P site from Financial Times – In the UK Zopa has signed the first p2p lending partnership with a bank.

P2P Lending in India: A Concept Ahead of its Time from P2P-Banking.com – Will p2p lending ever take off in India? This author is skeptical.

30 Hot Fintech Startups to Watch from Fox Business – Lots of lenders on this FoxSMB Fintech startups list including: SoFi, LendUp, Lending Club, Prosper and LendingRobot.

Alternative Business Loans: Regulatory Arbitrage or True Innovation? from Forbes – Brock Blake, the CEO of Lendio, discusses whether or not alternative lending is just regulatory arbitrage.

My Personal Filters for Lending Club and Prosper in 2015 from LendingMemo – Simon from LendingMemo shares how he is investing in Lending Club and Prosper.

Bitbond Raises 600k Euro from P2P-Banking – Bitcoin p2p lender, Bitbond, has raised a 600k Euro angel round.

Lending Startups raised a record $1.5B in 2014 from VatorNews – Not that we needed it, but more proof that the online lending industry is hot right now.

Borrowers Advanced £459 From P2P Lenders from iExpats – The 9 members of the UK P2P Finance Associated loaned £459M in Q1.

No Credit Score, No Problem: Alternatives to a Number from PYMNTS – Discussion of the CFPB study about the 45 million Americans without a credit score.

CircleBack rolls out first P2P Trade from Market News – A new entrant in the securitization market. CircleBack Lending have completed a $100M+ offering.

Prosper Reports Record First Quarter from the Prosper Blog – From Aaron Vermut, CEO of Prosper on their record first quarter.

Morgan Stanley: Peer-to-peer lending is about to really take off in Australia from Business Insider – A new report out by Morgan Stanley says that p2p lending will hit $10.4B in Australia by 2020.

SocietyOne’s $30m of P2P loans the tip of an iceberg from AFRWeekend – Leading p2p lending in Australia is SocietyOne with $30M in total loans issued to date.

LendInvest Turns Two and Crosses the £300m Mark from AltFi – Congrats to the LendInvest team in the UK on crossing £300M in just 2 years.

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.

Just use A/B/C LC notes for Asset Allocation (Stocks/P2P vs. Stocks/Bonds) – Forum members discuss asset allocation and risk adjusted returns.

Loan default rate by ZIP codes/state – Discussion surrounding default rates by state.

$25k loan, no payments and bankruptcy filed – A Prosper investor shares details of one of his loans where the borrower filed bankruptcy almost immediately.

New Interest Rates – Forum members discuss in detail the interest rate decreases that went into effect in the last week for Lending Club.

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