• Subscribe
  • Contact Us
  • About LendIt Fintech News
  • Home
  • Menu Item
  • Menu Item
  • Menu Item
  • Menu Item

Lend Academy

LendIt Fintech News: Daily Coverage of Fintech & Online Lending


  • Editorial
  • Daily News
  • Podcast
  • Investor Forum
  • Events

Marketplace Lending News Roundup – May 9th, 2020

May 9, 2020 By Peter Renton Leave a Comment

Views: 235

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 Looming Paycheck Protection Program Forgiveness Nightmare by Forbes – For the last month most of us have been (quite rightly) focused on how to get badly needed PPP Loans to small businesses. Ron Shevlin takes a look at the other part of this process, loan forgiveness, and finds confusing rules and a lack of clarity.

Peter Thiel-backed digital bank N26 raises another $100 million, bracing for coronavirus uncertainty by CNBC – Leading digital bank N26 raised another $100m in their never ending Series D round (they raised $300m in Jan ’19, added $170m to it in July). Given the uncertain times it is understandable why they would want to bulk up their balance sheet.

Revolut on the hunt for acquisitions by Financial Times – Meanwhile Revolut App has already closed their latest mega-round ($500m) and is on the hunt for distressed companies to acquire.

Bank robots have been fighting a secret war with outdated government tech to decide who gets $670 billion in small business bailouts. Here’s the inside story. by Business Insider – Excellent in-depth piece in Business Insider analyzing the travails of the SBA E-Tran system and the PPP Loans program. “Looking at the SBA’s financial portal today is like peering into a fintech time capsule.”

Revolut is the most hyped fintech in Europe. Can it grow up? by Financial Times – The Financial Times has published the most in depth report on Revolut App I have ever read. Fascinating to get an inside look at this digital banking leader.

Real Estate: After Pausing on Loan Funding, PeerStreet Now Resumes with New “Credit Box” Product by CrowdFund Insider – Real estate platform PeerStreet is back lending again after hitting pause a few weeks back. They have a new credit box with tighter underwriting criteria than before.

Samsung to launch a Samsung Pay debit card this summer by The Verge – This is a big deal for SoFi. Samsung Pay will be coming out with a debit card and mobile money management tool in the summer and they have chosen SoFi as their partner.

Demand for Small-Business Loans Cools by The Wall Street Journal – I will admit I was wrong here. I thought the second round of the PPP would be done in a day or two. And here we are almost two weeks later and there is still plenty of money left. The WSJ explains why.

Filed Under: News Roundup

Views: 235

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Investor Intelligence

Peter Renton's Returns

Investor Forum

Lending Club Review

Prosper Review

Investor Resources

Most Popular Editorials

The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place

The 2018 Lending Club and Prosper Tax Guide

My Returns at Lending Club and Prosper

Map of Available States for Lending Club and Prosper Investors

Banks and Marketplace Lending Platforms: Ideal Partners?

Subscribe to the Podcast

Subscribe to the Lend Academy Podcast on iTunes
Subscribe to the Lend Academy Podcast
List of Podcast Episodes

Archives

Follow @LendAcademy Follow @LendIt

ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

Recent Editorials

  • PitchIt Podcast Episode 2: Billie Simmons of Daylight
  • LendIt Fintech USA is Just Two Weeks Away
  • Top 10 Fintech News Stories for the Week Ending April 10, 2021
  • Podcast 293: Atif Siddiqi of Branch
  • Caring Consumer Collections Policies Gain Traction

Copyright © 2021 · Metro Pro Theme on Genesis Framework · WordPress · Log in