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.
Why venture capitalists love fintechs from American Banker – With so many funding rounds announced already this year it is clear that venture capitalists are still enamored with fintech. American Banker looks at some of the numbers in the recent CB Insights report.
Dear Congress: Time to clarify ‘true lenders’ from American Banker – Interesting op-ed in American Banker on the “true lender” issue. I completely agree that Congress needs to act on this issue so that banking is not hobbled by a 20th century mindset.
Consumer lender Insikt rebrands as Aura from American Banker – Non-prime consumer lender Insikt is rebranding to Aura. They explained the origins of the new name this way: comparing a person’s aura to a credit score, saying, “It seems invisible, but it matters a lot.”
Zopa names new P2P chief and chairman from P2P Finance News – It is the end of an era in the UK. Giles Andrews, one of the co-founders of the world’s first p2p lending platform Zopa is stepping down as Chairman with Gordon McCallum being appointed to replace Giles.
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.