Marketplace Lending News Roundup – July 25, 2015


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.

As Treasury Weighs Risk of Online Lenders, One Puts Skin in Game from Bloomberg Business – Lots of new funding rounds lately – here is $75 million for Marlette.

Just Released: China’s New Guidelines For Online Finance Market from Crowdfund Insider – The People’s Bank of China has finally released guidelines for p2p lending regulation there.

Exploring the Loan Book of Auto One Acceptance from Orchard – Auto loans is a potential growth area for marketplace lending. Orchard analyzes the loan book of one lender.

How a Rocket Scientist is Fixing P2P Lending from – BLender is a new Israeli platform that is looking to expand into developing markets.

LiftForward Secures $250MM in Financing to Extend Small Business Loans from ABL Advisor – Congrats to LiftForward for securing a $250M credit facility to fund small business loans.

Funding Circle Hires Barclays, AmEx Executives to Oversee Risks from Bloomberg Business – Some big new hires for Funding Circle from traditional financial services.

Prosper Introduces Debt Sale Program from the Prosper Blog – Prosper is re-introducing a debt sales program for charged off loans.

VPC Specialty gives portfolio update from Interactive Investor – Victory Park’s new fund in the UK is fully invested across 16 different platforms.

Citigroup Selling $377 Million of Bonds Backed by Prosper Loans from Bloomberg Business – Another big securitization of Prosper is in the works, this one by Citigroup.

The LendIt China Tour Concludes in Shanghai from the LendIt Blog – Wrap-up of the LendIt China tour that ended last week.

The Age of the Closed End Fund from AltFi News – There is a new form of marketplace lending investment about to hit in the US, the closed end fund.

Interview with Eyal Elhayany, CEO of Tarya from P2P-Banking – Good interview with Eyal Elhayany, CEO of Tarya, an Israeli p2p lending platform.

The Lendscape from Orchard – Orchard has released a new Lendscape of the online lending ecosystem.

P2P lending trust raises fresh £400m as investors clamour for income from City A.M. – Simon Champ and his Eaglewood team are crushing it. Another £400M raised, total now £850M.

Innovation in the Prosper Marketplace from AltFi News – Two significant innovations announced by Prosper this week.

Atlanta fintech Kabbage raising $150M at $875M valuation from Atlanta Business Chronicle – Looks like Kabbage has raised another big round, valuing the company at $875M.

Small Business Loan Program Suspends New Lending from The Wall Street Journal – Well this isn’t good. No more SBA backed loans for the time being, their limit has been reached.

Peer-to-Peer Lending Bonanza Targeted by Mortgage Bank LoanDepot from Bloomberg Business – Mortgage lender loanDepot is looking to expand into consumer lending.

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.

Citigroup Selling $377 Million of Bonds Backed by Prosper Loans – Forum members discuss the news of Citigroup selling bonds backed by Prosper loans.

Need help quick – We don’t often hear from borrowers and insights into collections practices. In this thread, a borrower talks about how his account became delinquent and he began to receive calls regarding his loan.

Closed End Fund targeting Marketplace Lending – Closed end funds are coming to this industry and forum members are talking about it.

Debt Sale Yesterday – Forum members talk about their charged off loans at Prosper.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events 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. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.