Marketplace Lending News Roundup – January 9, 2016


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.

Turnaround specialist turns to hedge fund from Los Angeles Times – Good profile of p2p lending industry pioneer Brendan Ross of Direct Lending Investments.

What to watch out for in 2016 from AltFi – Here is Ryan Weeks take on what 2016 has in store for marketplace lending.

Originator Database Update – January 2016 from Orchard – The Orchard originator database now has 150 contributing platforms.

International P2P Lending Services – Loan Volumes December 2015 from P2P-Banking – The December loan volume for the European p2p lending platforms with Funding Circle still the #1.

Chinese Investors Get Door to U.S. from The Wall Street Journal – The Chinese are coming. New apps make it easier for Chinese to make international investments.

6 predictions for Peer Lending in 2016 from LendingRobot – Emmanuel from LendingRobot gives his six predictions for p2p lending in 2016.

CommonBond Picks Up $275 Million In New Lending Capacity from TechCrunch – CommonBond has closed on a new $275M round of funding capital.

Fun: P2P Lending Quiz 2016 (Europe Centric) from P2P-Banking – Take this fun p2p lending quiz by Wiseclerk focused on the European market.

Why Veterans Lending to Veterans May be the Future of Small Business Lending from Forbes – Great Q&A with Mark Rockefeller CEO of StreetShares on their small business lending platform.

2015 – A Big Year for Eligible Investor States from LendingAlpha – 2015 was a good year for adding new investor states at Lending Club.

Measuring Who Prepays in Marketplace Lending: An Observation Based on Lending Club Loans from MonJa – An in depth analysis of loan prepayment of Lending Club loans.

Fintech Fireside: Busting The Myth of ‘Unregulated’ Alternative Lending, With Peter Renton [Video] from Credibly – I sat down with Glenn Goldman CEO of Credibly for a fireside chat. First installment is here.

SoFi Surpasses $6 Billion in Funded Loans, Bolsters Leadership Team from SoFi – SoFi continues to grow originations rapidly, surpassing $6 billion as of Dec 2015.

Prosper’s 2015 in numbers from AltFi – Prosper had some impressive numbers in 2015, hiring 105 people and doing $1.15bn in Q4 2015.

VPC Specialty Lending Posts Update on Shares from Crowdfund Insider – The top five platforms the Victory Park fund invests in are: Avant, Funding Circle, Prosper, Upstart and Borro.

Retail Investors in New Jersey & Oregon May Now Invest in Lending Club Loans from Crowdfund Insider – Lending Club opens up in two more states for investors – New Jersey and Oregon, bringing the total to 43 states.

LendInvest Hits Half Billion Mark from AltFi – Congrats to the LendInvest team on crossing the half billion mark in 2.5 years.

Market Jitters from AltFi – David Stevenson breaks down the performance of the stock market and alternative finance funds.

Vintage Returns Analysis from NSR Invest – The teams at NSR Invest and MonJa partner to break down Lending Club performance by vintage.

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.

LC declining stock price: a signal? – Forum members talk about Lending Club’s current stock price which has continued to decline.

Oil – are you redlining any states? – Investors discuss limiting their investments in certain states that produce oil.

Recovery rates – Lending Club investors discuss recovery rates in their accounts.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.