Marketplace Lending News Roundup – October 10, 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’s big moment: ‘We want to be lending $100 billion a year’ from Business Insider – From Samir Desai, CEO of FundingCircle UK: “In 10 years we want to be facilitating lending of $100 billion a year”.

Where traditional and tech meet: How banks and marketplace lenders can partner up from PwC – Big 4 accounting firm PwC has released this paper on marketplace lending focused on bank partnerships.

A Primer in Marketplace Lending from Crowdfund Insider – Thanks Crowdfund Insider for your comments highlighting our response to the Treasury.

4 Ways An Interest Rate Hike Will Impact Investors from Orchard – What will the impact be on marketplace lending when interest rates rise.

Renaud Laplanche on Bloomberg Markets 50 Most Influential from Bloomberg Business – Renaud was named on Bloomberg’s “50 Most Influential List” for 2015.

How This Startup Plans to Fund $100 Million in Loans This Year from Inc. – Bond Street is partnering with WeWork and their community of small business owners.

RateSetter Turns Five, Tops £800m Mark from AltFi – RateSetter is celebrating its 5th birthday as it closes in on £1B in loans issued.

Equifax Wins Veda Approval With Sweetened A$2.39 Billion Bid from Bloomberg Business – Equifax are set to make their biggest acquisition ever: A$2.4 Billion of Australian data company Veda.

LendingClub CEO Says He’s No Threat to Banks, Just Their Model from Bloomberg Business – Renaud Laplanche spoke today at a Bloomberg summit discussing bank partnerships.

P2Binvestor Gets First Institutional Relationship with HCG Fund Management from Crowdfund Insider – Small business lender P2Binvestor has signed their “first of several” institutional investors.

Five Common Mistakes P2P Loan Investors Make: Investing In A Single Platform (Part 3 of 5) from MonJa – Great series by MonJa on mistakes investors make with marketplace lending. Here is Mistake #3.

P2P sites hit another lending record from Shainghai Daily – The p2p lending loan volumes in China continue to be staggering. An estimated $18B in new loans in Sep.

Can LendingClub Survive Increased Competition? from Benzinga – Lending Club borrower acquisition costs at 2% of originations.

Online Lenders vs. Banks: Who Gets Disrupted? from The Wall Street Journal – This Wall Street Journal journalist wonders if the fast growth of marketplace lending is about to come to an end.

At Online Lender Upstart, Academic Achievement Helps Millennials Land Loans from International Business Times – Good profile of Upstart and their unique approach to lending.

Peer-to-peer lender Bondora: Higher-yield investing with a European twist from The Globe And Mail – European p2p lending platform Bondora is now available to investors in Canada.

Blue Elephant Capital Management Commits $25 Million to Boat Finance from Crowdfund Insider – The latest marketplace lending deal involves boats, Blue Elephant Capital has invested $25M.

Online lending is becoming huge thanks to a practice blamed for the financial crisis from Business Insider – Securitizations of p2p loans have little in common with those that caused the financial crisis, but they are increasing.

For Lending, It Might as Well be 1997 from deBanked – Looks like it was a fascinating evening discussing the potential of p2p lending Thursday night.

New Study Shows Financing for Minorities on the Rise, Still Lags Behind Average from AltFi News – Fascinating study on small business lending by Latinos by Biz2Credit.

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.

Updates to your Lending Club data – Investors discuss the new Lending Club joint application fields.

Madden vs Midland – Forum members discuss the Madden vs Midland case and speculate whether it will affect the p2p lenders or not.

What Percentage of Your Investments Should be in P2P Lending? – Revisited  – Investors continue the discussion around how much of your investments should be in p2p lending.

  • 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.