LendIt Fintech held the 5th annual industry awards to celebrate the top fintech influencers and innovators.
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
This week, we look at:
Lending Club, the peer-to-peer lending innovator, turning off peer-to-peer lending after having a bank in its pocket
Consolidation of the UK's largest crowdfunders, CrowdCube and Seedrs, and their limited economics
The scale of the Morgan Stanley and Eaton Vance deal, creating a $1.2 trillion asset manager
The struggle of peer-to-peer models more generally, and whether the blockchain movement can overcome the Prisoner's Dilemma