During the week I share the latest marketplace lending and fintech 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.
Lenders without border walls from American Banker – New immigrants are one of the most underserved populations when it comes to credit. Several new fintech companies are working hard to change this. Good analysis from Penny Crosman.
Scoop: Max Levchin’s Affirm raises $300 million from Axios – The big funding rounds keep coming and this latest round is the largest by a US fintech company this year. Axios is reporting that Affirm just closed a $300 million round at a $2.9 billion valuation.
Funding Circle investment trust to be wound up from The Financial Times – The Funding Circle SME Income Fund was launched in 2015 but due to lower than expected returns will start a formal wind down process and return money to investors.
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.
Peter Renton is the chairman and co-founder of LendIt Fintech, 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.