Marketplace Lending News Roundup – July 11, 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 lenders want more regulation, not less from The Australian – In Australia new platforms like MoneyPlace are calling for more government regulation.

Can P2P be a modern day alternative to Chicago Plan? from The Economic Times – One of the benefits of marketplace lending is that lending is done outside the banking system, so more stability.

For LendingClub, a Sale Would Avoid Fight With Wall Street Titans from TheStreet – There are reasons why a major bank might want to acquire Lending Club.

UK Alt-Lenders Have Some Work To Do from PYMNTS.com – A long way to go but alternative lenders have gained a strong foothold in the UK.

Where’s the Payoff? Not in Lending, Says Lending Startup from The Wall Street Journal – P2P lending pioneer Eaglewood Capital is committing $250M to innovative lender.

Prosper Reaches New Milestones — $4 Billion in Loans Following Another Record Quarter from the Prosper Blog – Letter from the Prosper CEO Aaron Vermut on their $4B milestone.

Including peer-to-peer lending in the new innovative finance Isa will provide boost for millions of Brits from City A.M. – Giles Andrews provides his thoughts on the new Innovative Finance ISA.

Funding Empire Sells Majority Stake to Paratus AMC from P2P-Banking – Welsh p2p platform Funding Empire has sold a majority stake to a traditional lender.

Social responsibility a central theme in CommonBond’s vision from Bankless Times – Good profile on student lender CommonBond and what makes them different.

Algorithm Investing – Part 2: A Review of LendingRobot from LendingMemo – In depth review of LendingRobot’s algorithm investing platform.

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.

LC For Sale? – Coming from some rumors, forum members discuss the possibility of a LendingClub sale.

New guy with questions – A new forum member looks to get toms questions answered.

Loan funding timing for Prosper and Lending Club – A forum member posts an older article from Orchard about time to fund loans on each platform, something that may be interesting for newer investors.

  • 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.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]