UK based online small business lender Funding Circle has cut expected returns for the second time; the firm says there is a higher risk of default on loans made in the U.S. and UK from 2017 and 2018; the higher risk option now has expected returns of 4.5 to 6.5 percent, down from 5.5 to 6.5 percent; the lower risk option is now forecasted at 4.3 to 4.7 percent, down from 4.9 to 5.2 percent; there is concern in the market overall about loan quality as Zopa also had to lower expectations for investors early this year. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.