Marketplace Lending News Roundup – September 5, 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.

Peer-to-peer lender Zopa installs Jaidev Janardana as chief from Financial Times – Big news out of Zopa this week. Giles Andrews has moved to executive chairman and Jaidev Janardana is the new CEO.

Growth of Marketplace Lending Events from Orchard – The growth of marketplace lending is evident in the rapid rise of LendIt.

Funding Circle UK Moves To Fixed Rates, Ditches Auctions from P2P-Banking – This is a significant move from Funding Circle UK. They are ditching the auction and moving to a fixed price model.

International P2P Lending – Loan Volumes August 2015 from P2P-Banking – The international p2p lending loan volumes for August are out and Zopa leads the way again.

Explosive ‘alternative finance’ conference growth shows how fed up many borrowers are with banks from New York Business Journal – Great coverage of the growth of marketplace lending and LendIt by Michael del Castillo.

What’s The Madden With You? from Monja – Interesting analysis from MonJa on the Madden case and what it could mean for investors.

Report: P2P Lending in China Hits Record 97.5 Billion Yuan in August from Crowdfund Insider – The Chinese p2p lending market showing they are the largest in the world, $15B+ in August.

Peer-to-Peer Loan Data Update: Comparing Lending Club and Prosper Across Grades from PeerIQ – Great statistical comparison of Lending Club and Prosper from PeerIQ.

What $11 Billion Can Do from Lending Club – Lending Club created an infographic on what reaching $11 billion in originations means for borrowers and investors.

Sam Hodges, Co-Founder of Funding Circle, Talks Small Business Borrowers’ Bill of Rights from Crowdfund Insider – Interesting interview with Sam Hodges of Funding Circle US about small business lending.

Facing a ‘Blockbuster Moment’ from The Financial Brand – Are banks going to go the way of Blockbuster? Not necessarily, but change is happening fast.

Advisers ‘paranoid’ as Sipp P2P lending surges from FT Adviser – Just like in the US, in the UK financial advisors have been slow to embrace p2p lending.

Alternative lenders step up to help small businesses along from Philadelphia Inquirer – Good profile of new small business lender Bond Street and the work they are doing to help small business.

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.

P2P Asset Class shows it’s strength – Investors discuss strengths of p2p lending, including the importance of being diversified.

Desired Grade Distribution – Forum members discuss distribution of loan grades they invest in.

St Lous Fed – delinquency & chargeoff #s update – A forum member shares updated data on loan delinquency across different products.

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