Marketplace Lending News Roundup – November 21, 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.

Funding Circle is Creating Meaningful Change in Lending from Crowdfund Insider – Interesting discussion with Sam Hodges of Funding Circle.

Trends in Origination – Q3 2015 from Orchard – Breaking down the origination numbers at Lending Club and Prosper.

Dangers Lurk in China’s Online-Lending Jungle from Bloomberg – In China p2p lending is booming but it is also risky, with 727 platforms there in trouble this year.

Why is the US killing its fintech industry? from VentureBeat – Despite all the disadvantages mentioned in this article fintech in the US is doing quite well.

Lending Club assuages risk concerns (video) from Financial Times – The CEO of Lending Club on bank partnerships, the pull out of Santander and regulation.

This Hedge Fund Manager Is Emerging As The Leading Authority On Peer-To-Peer Lending from Hedge Connection – Good interview and p2p lending primer with Brian Weinstein of Blue Elephant Capital.

Online Lender Earnest Raises $275 Million; Has Originated $400 Million In Loans This Year from Forbes – The big online lending deals keep coming. This time it is Earnest with a $275M capital raise.

FDIC Throws Water on the Marketplace Lending Phenomenon from JD Supra Business Advisor – The FDIC has just thrown in some roadblocks for banks looking to participate in marketplace lending.

Growing Up from Grow – In Canada Grouplend has rebranded to Grow. Best of luck to Kevin & the team on this move.

Largest Loan Ever. RealtyMogul Funds $49 Million Real Estate Loan from Crowdfund Insider – This is huge. Realty Mogul funds a $49 million bridge loan for an Atlanta apartment complex.

UAE crowdfunding platform Beehive has investors buzzing and businesses growing from Albawaba Business – In the Middle East p2p lending is alive and well with Beehive helping 50 small businesses obtain financing.

Investing In Peer-To-Peer Lending As An Alternative Fixed Income Asset Class from Nerd’s Eye View – Well known financial advisor Michael Kitces gives his take on p2p lending as an investment alternative.

What We Learned At Industry Conferences: Marketplace Lending Trends from MonJa – The MonJa team shares some insights learned at the Fall marketplace lending conferences.

Bank of America Corp And Others Benefits From Surge In Credit Card Adoption from Business Finance News – Strong credit card adoption means a bigger market for debt consolidation loans down the road.

LoanDepot CEO cites ‘choppy’ market for IPO cancellation from L.A. Biz – The CEO of LoanDepot explains why he canceled his company’s planned IPO recently.

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.

Penny Note Strategy – With the introduction of the secondary market API, some investors are looking to automate FOLIOfn purchases.

Huge news RE: credit data – Lending Club investors continue to discuss the new credit attributes that are being added in the next month.

36 months vs 60 months – Forum members discuss the differences in interest rates and charge offs by loan term.

  • 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.