Marketplace Lending News Roundup – November 7, 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.

The Uberization of Money from The Wall Street Journal – Great in-depth article about the changes going on in finance with many new funding options for small businesses  and consumers.

Lender OnDeck beats on profits as loan growth slows from Financial Times – Small business lender OnDeck reports strong quarterly results.

International P2P Lending Marketplaces – Loan Volumes October 2015 from P2P-Banking – The October numbers are out for the leading European p2p lending platforms.

MoneyPlace second Aussie P2P lender for mums and dads from The Sydney Morning Herald – Another p2p lending platform has been approved in Australia. Congrats to Stuart Stoyan and the MoneyPlace team.

Got A #MyProsperStory? Enter for a Chance to Win a Full Loan Payoff! from Prosper – A chance for Prosper borrowers to get their loan paid off in this fun contest.

Apple And Google Are Teaming Up To Lobby For FinTech from BuzzFeed – Now, this is interesting. A consortium of tech heavyweights form a finance advocacy group.

P2P loans at record US$18.9b in October from Shanghai Daily – The Chinese p2p lending numbers for October are out – $18.9 billion for the month, another record.

Goldman Said to Seek New Recruits Among Peer-to-Peer Lenders from Bloomberg Business – Goldman Sachs allegedly trying to poach executives from Lending Club and Prosper for their new lending operation.

Squirrel launches P2P lending site, taking swipe at rivals from Scoop – Now we have a second p2p lending platform in New Zealand, too.

Should Alternative Lenders Be Regulated? from Bloomberg Business – Sam Hodges was on Bloomberg this week discussing regulation and marketplace lending.

China boosting alt-fi to drive economy, Global Regulatory Forum hears from Bankless Times – The number of p2p lending platforms in China now exceeds 3,000.

Karen Mills on Marketplace Lending: It Is Transformative, But Don’t Count The Banks Out Yet from Crowdfund Insider – The views of Karen Mills on marketplace lending, banks and small business lending.

Online Marketplace Lending – a 360 Degree Industry View Webinar – I am doing a webinar with Experian in a couple of weeks. Hope you can join us.

Marketplace Lending in 2015: From the Margins to the Mainstream from Medium – Good piece by David Klein of CommonBond on the evolution of marketplace lending over the past year.

Would You Buy A Marketplace Lending Fund? First U.S. One In The Works, More Likely To Follow from Forbes – Closed end funds for marketplace lending are coming to the US with RiverNorth leading the way.

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.

Title III of Jobs Act – Any Impact? – The discussion of the big announcement from the SEC about the approval of the new crowdfunding rules continues.

Where can I research Prosper past performance data besides NSR – An investor asks where you can backtest Prosper data.

IRA strategy for P2P – Traditional or Roth and why? – Investors discuss whether you should invest in p2p lending with a traditional or Roth IRA.

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