Low Unemployment, Securitization News and GreenSky Earnings

In this week’s PeerIQ Industry Update they cover the drop in unemployment to 3.8 percent and the rise in hourly earnings by 3.4 percent; credit card balances have reached their highest level in history with $870bn and overall outstanding dent is $13.5tn; Avant’s first securitization of 2019, AVNT 2019-A worth $284mn, and Kabbage’s second securitization deal, KABB 2019-1 worth $610mn, saw their senior tranches rated by Kroll Bond Rating Agency; GreenSky reported a strong 4th quarter with revenue growing 22 percent YoY which helped push the stock up by 6 percent. 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.

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