Marketplace Lending News Roundup – March 11


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.

Amazon’s history points the way for online lending: Lending Club CEO from American Banker – Coverage of the first two sessions at LendIt USA, Scott Sanborn’s keynote and the Ash Gupta Q&A.

LendIt Conference 2017: loanDepot CEO Anthony Hsieh Talks Mortgage Innovation from Forbes – Q&A with loanDepot CEO Anthony Hsieh on what makes his company different.

Quona Capital’s fintech fund for the ‘underserved’ closes $141m from ZDNet – Acción has launched a $141M fund to help fintech startups in emerging markets access capital.

The US government is defending its fintech charter from Business Insider – Coverage of Comptroller Curry’s remarks at LendIt USA defending the OCC fintech charter.

Six ways Goldman Sachs’ online lender, Marcus, strives for an edge from American Banker – Harit Talwar, the head of Marcus, talks publicly for the first time at LendIt USA on what makes them different.

Former Barclays CEO: Radical transformation in financial services is coming from LinkedIn – Antony Jenkins, the former CEO of Barclays, now a fintech entrepreneur gives his take on the future of finance.

LendIt: Election years can disrupt fintech, too from HousingWire – Roundup of the three government speakers at LendIt USA this week.

The Stamina of Rocky Balboa: Prosper President Ron Suber Updates on Marketplace Lending Industry (Video) from Crowdfund Insider – The only person to deliver 5 keynotes at LendIt USA is Ron Suber. Here is a rundown of his presentation this year.

Experian joins Marketplace Lending Association to drive responsible financial innovation from Experian – The Marketplace Lending Association has a new member: Experian (press release).

Kabbage nabs $500M for small business loans from TechCrunch – A large $525M securitization from Kabbage will be closing this month.

How Former Apple CEO John Sculley Keeps on Innovating from Inc. – The former CEO of Apple and Pepsi, John Sculley, talks fintech at LendIt USA this week.

Motif gets political with values-based investing tool from Financial Planning – The CEO of Motif launched Motif Impact Portfolios at LendIt USA this week.

LendIt Names PitchIt Competition And LendIt Industry Award Winners from PR Newswire – Here are all the winners from the first ever LendIt Industry Awards dinner.

What blockchain can do for p2p lending platforms from AltFi – Interesting piece on how the blockchain could be applied to p2p lending.

AmEx’s Lending Push Goes Beyond Cards from The Wall Street Journal – First Goldman Sachs, now Amex is starting a personal loan operation.

Zopa creates waiting list for new investors from Peer2Peer Finance News – In the UK it looks like Zopa is awash in investor money. They now have a waiting list.

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.

$100 IRA fee / winding down / charge offs – An investor gets a couple of questions answered about winding down an IRA with Lending Club.

NAR doesn’t make sense – The forum discusses the inner workings of the NAR calculation.

Worst Month Yet – A popular thread where investors continue to share account performance.

  • 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.