Marketplace Lending News Roundup – October 8, 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.

Funding Circle CEO says it’s a ‘golden age’ for marketplace lending as revenue jumps 144% from Business Insider – Net returns by marketplace lenders “have been the highest of any asset class over the last 5 years” – Samir Desai.

Finalists Selected For LendIt Europe 2016 PitchIt @ LendIt Competition from LendIt – The PitchIt @ LendIt finalists have been selected for LendIt Europe next week.

SME Loan Fund continues portfolio overhaul from AltFi – Good update from AltFi on the latest at GLI Finance – lots of changes this past year.

Goldman Sachs: We’re in the ‘second wave’ of fintech from Business Insider – Partnerships between big banks and startups is the next wave of fintech according to Goldman Sachs.

Weekly Industry Update: October 2, 2016 from PeerIQ – A fascinating analysis of the valuation of seasoned loans along with a great accompanying chart.

What happens if we live to be 150? from TechCrunch – If we start to live longer lives we are going to need a more reliable source of fixed income.

International P2P Lending Services – Loan Volumes September 2016 from P2P-Banking – The European loan volumes for September are out with Funding Circle leading the way.

SEC Investigates Founder’s Role in LendingClub Buyback Plan from Bloomberg – The SEC is looking into Renaud Laplanche’s disclosures related to the Lending Club share buyback.

London fintech iwoca raises £46 million in VC cash and debt to grow across Europe from Business Insider – UK online small business lender iwoca just raised £46M in debt and equity.

Zopa announces securitisation of loans from Bridging & Commercial – The first securitization from Zopa has been highly rated by Moody’s and Fitch.

Two P2P Sharing Economy Players Team Up– Airbnb and Zopa from Finovate – Interesting new partnership between Zopa and Airbnb in the UK allowing borrowers to save money.

Marketplace Lending Securitization Tracker Q3 2016 from PeerIQ – The quarterly marketplace lending securitization tracker from PeerIQ. Always a must read.

Betting on the Insurance Industry of Tomorrow at InsureTech Conference from Insurance Journal – Insurance tech could be the next hot category in fintech. First InsureTech Conference held in Vegas this week.

Congressman Patrick McHenry: “I will continue to work on the three Fintech bills I’ve now introduced” from Crowdfund Insider – Congressman Patrick McHenry (R-NC) is the most active person in congress when it comes to new fintech regulation.

LendInvest bucks industry trend, posts £3.4m in profit in 2016 from AltFi – Great results from LendInvest. £3.4M profit on £32M in revenue leads the industry.

Prosper Launches Credit Card Optimizer to Help Consumers Make Better Financial Decisions from Crowdfund Insider – The Prosper Daily app gets some new features to help consumers manage their credit cards.

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.

Prosper ending relationship with Folio – Forum members share how much they used Prosper’s secondary market and share whether they believe there was enough volume to justify the cost.

My responses to LC’s “What could improve my experience” survey – Lending Club has been sending out surveys to some investors.

Beginner Questions – Investors share resources and touch on topics new investors should be aware of.

  • 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.