Marketplace Lending News Roundup – November 19

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.

Alternative credit the only cheap area of the market, says fund manager from AltFi – Prominent UK investor says that credit funds are good value right now.

The Art of The ‘Thiel’ – With Fintech Leader On Trump’s Transition Team, Alternative Lenders Could Benefit from deBanked – Outspoken Silicon Valley VC Peter Thiel has joined Trump’s transition team.

Bracing for seven critical changes as fintech matures from McKinsey – McKinsey weighs in on how fintech is maturing and the more than 30 areas where it will have the most impact.

Prosper Performance Update: October 2016 from Prosper – The monthly performance update from Prosper is out. Returns and charge-offs remain steady.

Baltimore software firm eOriginal Inc. raises $26.5 million from The Baltimore Sun – eOriginal is becoming an integral part of the marketplace lending ecosystem. They just announced a $26.5M raise.

Rapid Growth: LendingHome Has Funded Over $750 Million in Mortgages as Investor Base Grows from Crowdfund Insider – Interesting interview with the CEO of LendingHome Matt Humphrey by Crowdfund Insider.

Zopa to launch next generation bank from AltFi – Big news out of the UK today as Zopa announces it is launching a bank.

Report: DealStruck Shuts Down Operations from Crowdfund Insider – We have another casualty of the marketplace lending slowdown. Small business lender Dealstruck is closing down.

Make Way for the Millennial Borrower from The Financial Brand – Millennials will hold the key to success for most lending institutions over the next decade.

P2P in the US, China and UK with Peter Renton from London Fintech Podcast – My recent interview with Mike Baliman of the London Fintech Podcast.

Monroe Capital Provides $100 Million Financing to LiftForward, Inc. from Monroe Capital – Small business lender LiftForward has secured a $100 million credit facility from Monroe Capital.

Andreessen Horowitz leads $15 million investment in PeerStreet from Reuters – It has been a good month for raising money. PeerStreet has closed on $15M led by Andreessen Horowitz.

Nonprofit, Online Lenders Team Up to Offer More Small-Business Loans from NerdWallet – In the small business lending space non-profits are playing an important role.

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.

New Understanding Your Returns Chart – Lending Club has made some changes to their Understanding Your Returns chart.

LC prepayments rising – Investors discuss why more borrowers might be prepaying their loans.

New to LC/Few Questions/Advice – Forum members answer questions from a new investor.

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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