Peter Renton shares returns from his marketplace lending portfolio as of Q3 2017; overall returns for Renton’s portfolio was 6.64%; declining performance in the portfolio is primarily due to LendingClub loans; new additions to his portfolio for the quarter include AlphaFlow, Money360 and YieldStreet. Source
An opinion piece in American Banker highlights the challenges the marketplace lending industry faced in 2016; Alenka Grealish, a senior analyst at Celent believes that we will see consolidation and more partnerships in the remainder of 2017 and into 2018; discusses the advantages and challenges both fintechs and banks have and what may happen in a downturn. Source
LendingClub recently announced that they would be acquiring Radius Bank; the news was a groundbreaking moment for fintech as LendingClub...
The canary is now 10+ years old as prominent platforms like SoFi and Upstart launched in the early 2010s, and Freedom Financial (now Achieve) has been around for two decades.
The addressable market for marketplace lenders is massive. The one trillion dollar figure has been thrown out as the market...
PeerIQ covers marketplace lending securitization in great detail through their weekly newsletters as well as their in depth reports. Today,...
·
[Editor’s note: This is a white paper from Deloitte. Deloitte is a Gold Sponsor at LendIt USA 2016, which will take place on...
Millions of people have lost their jobs in the past two weeks which is having a tremendous impact on our...
Includes data from the UK, EU and the US; AltFi projects €2.8 billion to be lent in Europe in 2018 and £7.5 billion in the UK; this would represent a year over year increase of 73% and 43% respectively; overall 2017 was a bounce-back year for the marketplace lending industry across the globe. Source
Lend Academy shares some of the biggest news stories of the year; includes Mike Cagney departing SoFi, the Cleveland Fed retracting their report on “p2p lending”, Prosper’s $5 billion deal, Renaud Laplanche’s new venture and more. Source