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Women in Fintech Demolish Glass Ceiling

LendIt Fintech Woman of the Year 2019 award finalists target diversity, equality, education

April 2, 2019 By admin Leave a Comment

Views: 989

[Editor’s note: This is a guest post from Mark Lusky of Mark Lusky Communications, a writing and marketing communications firm, operating since 1982. He specializes in ghostwriting expert advice articles, blogposts and other bylined content for clients, along with writing e-books, whitepapers, case studies, websites, opinion pieces and other communiques—incorporating marketing skills and perspectives acquired as a regional marketing director for Ringling Bros. and Barnum & Bailey Circus. He will be attending LendIt in San Francisco this April.]

LendIt Fintech’s Fintech Women of the Year 2019 award finalists champion the causes of diversity, equality and education—and shout it from the rooftops. In the process, they’re demolishing glass ceilings for women and other diversity-challenged groups.

They are dedicated to achieving gender, ethnic and racial equality. And they are educating a variety of audiences— including borrowers, investors and the Fintech industry—about ways to grow and thrive by becoming savvier and open to all people.

These finalists are changing not just their world—but the whole world.

Promote diversity, respect, collaboration
Valerie Kay, Chief Capital Officer at LendingClub, is responsible for overseeing LendingClub’s Investor Group. She addresses the need for diversity, inclusion, mutual respect and collaboration. She emphasizes the vital importance of diversity to drive better workplaces, happier customers and more profits.

[Read more…]

Filed Under: Guest Post Tagged With: BankMobile, CFSI, Lending Club, LendIt Fintech Industry Awards, LendIt Fintech USA, OnDeck, women in fintech, Yirendai

Views: 989

Yirendai Q4 2016 Earnings Review

For the first time we dig into the earnings of Yirendai, one of the leaders in online lending in China.

March 16, 2017 By Ryan Lichtenwald Leave a Comment

Views: 4

Since Lending Club first went public we have been reviewing their quarterly earnings and have also begun covering OnDeck’s earnings. However, there is a third online lending company in China that is listed on the NYSE called Yirendai (YRD). They are a subsidiary of CreditEase, one of the largest companies focused on fintech in China. Yesterday the company announced Q4, 2016 earnings and full-year 2016 results and today the company held their earnings call. The Chinese market is fascinating and Yirendai is a company that is leading the way. Going forward we will be covering their earnings releases.

Looking strictly at the stock price since its IPO Yirendai has performed much better than the public online lenders in the US. Their stock is up over 200% at time of writing while both Lending Club and OnDeck have seen decreases of over 50% to date. It’s important to remember that the Chinese market is much different than the US but it’s interesting to see just how well Yirendai has done over the past two years.

Yirendai continues to post impressive origination growth. Below is a chart taken from their earnings presentation showing loan volume growth since 2013 in billions (RMB). The company originated 20.28B RMB or $2.9 billion USD in loans in 2016, growing over 100% year over year.  [Read more…]

Filed Under: Peer to Peer Lending Tagged With: Earnings, Q4 2016, Yirendai

Views: 4

CreditEase’s Online Platform Yirendai Becomes the Third Major P2P Lender to IPO and China’s First

December 21, 2015 By Jason Jones Leave a Comment

Views: 1,375

Yirendai IPO

Yirendai_IPO_Jason_PeterLast Friday Peter and I had the honor of joining the CreditEase team on the NYSE floor to ring the opening bell and celebrate the successful initial public offering of Yirendai, their online platform. It was an exciting moment for the company and our industry since it marks the first major IPO of a Chinese P2P company.

Yirendai successfully raised $86 million by selling 8.6m shares at $10 per share and it closed the day at $9.10 for a market cap of $544 million (they have 58.5 million fully diluted shares outstanding). The stock trades under the symbol YRD and the IPO was led by Morgan Stanley and Credit Suisse.

Yirendai Spins out of CreditEase, the Largest P2P Firm in the World

CreditEase is an enormous P2P company based in China. It was one of the first P2P companies in the world when it launched in 2006 and has evolved into a full service financial services firm that provides inclusive finance and wealth management products and services in China. We love analyzing CreditEase because they represent the future of P2P lending. Their focus on “inclusive finance” means that they offer products to borrowers across the credit spectrum ranging from prime quality borrowers, to near prime borrowers, to sub-prime borrowers.

Their first loan was a student loan and over time they have expanded to almost every major (P2P) lending category including student loans, auto loans, rural loans, mortgages, small business loans, and consumer loans for home improvement, weddings, vacations, and other life events. In addition, early on they realized that P2P lending was only their first product and they have since expanded to wealth management products, which include equities, real estate, credit, alternative investments, and insurance. They have a huge network of over 230 physical locations, they have grown to over 44,000 employees, and they have originated over $25 billion in loans. They are like Lending Club, Avant, LendUp, SoFi, LendingHome, and Charles Schwab wrapped into one company. [Read more…]

Filed Under: Peer to Peer Lending Tagged With: China, CreditEase, IPO, p2p lending, Yirendai

Views: 1,375

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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.

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