Marketplace Lending News Roundup – August 15, 2015

News

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.

P2P ‘land grab’ draws more than 100 startups from Financial Times – 114 p2p lending companies have applied to the FCA in the UK for full authorization.

Squirrel to launch P2P service from Scoop Business – Another New Zealand p2p lending platform is getting set to launch, this one with a provision fund.

Treasury Marketplace Lending Forum Recap from Orchard – A wrap up of the marketplace lending forum held earlier this month at the US Treasury in Washington DC.

Marketplace Lending: A Need for Some Definition, Data & More Discourse. A Response to the US Treasury RFI from Crowdfund Insider – Candace Klein of Dealstruck on the current state of small business.

The companies set to take billions off the banks from News.com.au – The Australian p2p lending market is heating up.

Prosper Introduces Sixth-Generation Credit Model from Prosper – Prosper introduced the latest iteration of their credit model this week.

Lending Club appoints Bhandari as Chief Credit Officer from Bankless Times – Chaomei Chen, the long time Chief Risk Officer at Lending Club, is retiring.

Why Fintech Is One of the Most Promising Industries of 2015 from Inc. – Why fintech is one of the most promising industries of 2015.

Peer-to-Peer Lenders Losing Court Battle Over State Usury Laws from Bloomberg Business – If the decision in the Madden v Midland case holds it will be bad news for marketplace lending.

Fintech: MBA Entrepreneurs Electrifying Peer-To-Peer Lending Market from BusinessBecause – Leading fintech entrepreneurs have MBA degrees including the CEOs of LendingClub and Zopa as well as Aaron Vermut of Prosper.

The Race to $1 Billion Funded from Kabbage – Kabbage joins the exclusive club of online platforms that have issued more than $1 billion in loans.

My Money — Giles Andrews, Zopa chief from the Financial Times – Great profile of Giles Andrews and the history of Zopa.

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.

Filtering vs Credit Model Algorithm – Investors discuss what goes into creating credit models and how to learn more about them.

Quarter end skew – In depth look at when payments occur in Lending Club accounts.

Prosper custodian and fees – A reminder of the refundable fees when investing through an IRA on Prosper.

  • 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.

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