• 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 – October 8, 2016

October 8, 2016 By Peter Renton Leave a Comment

Views: 8

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.

Funding Circle CEO says it’s a ‘golden age’ for marketplace lending as revenue jumps 144% from Business Insider – Net returns by marketplace lenders “have been the highest of any asset class over the last 5 years” – Samir Desai.

Finalists Selected For LendIt Europe 2016 PitchIt @ LendIt Competition from LendIt – The PitchIt @ LendIt finalists have been selected for LendIt Europe next week.

SME Loan Fund continues portfolio overhaul from AltFi – Good update from AltFi on the latest at GLI Finance – lots of changes this past year.

Goldman Sachs: We’re in the ‘second wave’ of fintech from Business Insider – Partnerships between big banks and startups is the next wave of fintech according to Goldman Sachs.

Weekly Industry Update: October 2, 2016 from PeerIQ – A fascinating analysis of the valuation of seasoned loans along with a great accompanying chart.

What happens if we live to be 150? from TechCrunch – If we start to live longer lives we are going to need a more reliable source of fixed income.

International P2P Lending Services – Loan Volumes September 2016 from P2P-Banking – The European loan volumes for September are out with Funding Circle leading the way.

SEC Investigates Founder’s Role in LendingClub Buyback Plan from Bloomberg – The SEC is looking into Renaud Laplanche’s disclosures related to the Lending Club share buyback.

London fintech iwoca raises £46 million in VC cash and debt to grow across Europe from Business Insider – UK online small business lender iwoca just raised £46M in debt and equity.

Zopa announces securitisation of loans from Bridging & Commercial – The first securitization from Zopa has been highly rated by Moody’s and Fitch.

Two P2P Sharing Economy Players Team Up– Airbnb and Zopa from Finovate – Interesting new partnership between Zopa and Airbnb in the UK allowing borrowers to save money.

Marketplace Lending Securitization Tracker Q3 2016 from PeerIQ – The quarterly marketplace lending securitization tracker from PeerIQ. Always a must read.

Betting on the Insurance Industry of Tomorrow at InsureTech Conference from Insurance Journal – Insurance tech could be the next hot category in fintech. First InsureTech Conference held in Vegas this week.

Congressman Patrick McHenry: “I will continue to work on the three Fintech bills I’ve now introduced” from Crowdfund Insider – Congressman Patrick McHenry (R-NC) is the most active person in congress when it comes to new fintech regulation.

LendInvest bucks industry trend, posts £3.4m in profit in 2016 from AltFi – Great results from LendInvest. £3.4M profit on £32M in revenue leads the industry.

Prosper Launches Credit Card Optimizer to Help Consumers Make Better Financial Decisions from Crowdfund Insider – The Prosper Daily app gets some new features to help consumers manage their credit cards.

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.

Prosper ending relationship with Folio – Forum members share how much they used Prosper’s secondary market and share whether they believe there was enough volume to justify the cost.

My responses to LC’s “What could improve my experience” survey – Lending Club has been sending out surveys to some investors.

Beginner Questions – Investors share resources and touch on topics new investors should be aware of.

Filed Under: News Roundup

Views: 8

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

  • Fintechs Saved PPP and Should Be Included in the State Small Business Credit Initiative
  • Top 10 Fintech News Stories for the Week Ending March 6, 2021
  • Podcast 288: Leigh Phillips of SaverLife
  • The MLA and OLPI Merge to Form the American Fintech Council
  • Marcus Co-Founder Leaving for New Walmart Fintech Initiative

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