Marketplace Lending News Roundup – June 27, 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.

At Prosper Marketplace, the CRO and COO Are One and the Same from GARP – Great interview with Josh Tondreys, the COO and CRO of Prosper.

The Transition of Repeat Borrowers from Orchard – I have always liked repeat borrowers on Prosper. Here is some analysis on them from Orchard.

Lending Club and Smaller Banks in Unlikely Partnership from The Wall Street Journal – A close look inside a community bank partnership with Lending Club, “We have to make sure we remain relevant”.

Marketplace Lending Industry Compendium from LendingRobot – Good demonstration of the breadth of marketplace lending platforms globally.

Are Concerns Over Increased P2P Investment Volumes Justified? from AltFi News – A traditional lender in the UK suggests that p2p lending may be too risky for average investors.

Why Banks Are Sleepwalking Into Extinction And What To Do About It from The Innovation Blog – “The top 25 global banks spend $50B annually on their branch network”.

Funding Circle may indeed have a horn from AltFi News – Is Funding Circle a unicorn? Rupert from AltFi has done the analysis and says yes.

This CEO is taking on the biggest banks on Wall Street — and winning from Business Insider – The next move for Lending Club may be into auto loans according to Business Insider.

Initial CommonBond securitization earns investment-grade rating from Bankless Times – Congrats to CommonBond on their investment grade rating on their first securitization.

Consumer Review Site Which? Rates P2P Lenders from Crowdfund Insider – In the UK a major consumer group has rated the p2p lenders there.

Announcing the top 2015 Global 250 private companies from AlwaysOn – Lots of marketplace lenders on the AlwaysOn top 250 private companies list.

EPISODE 5 – RENAUD LAPLANCHE, FOUNDER & CEO OF LENDING CLUB from Jo Ann Barefoot – The Barefoot Innovation podcast interview with Renaud.

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.

P2P-Picks ends in 1 week. What will YOU do? – Lenders who have previously used P2P-Picks discuss what they will do as the service winds down.

Weird things going on at LC – Forum members discuss the possible reasons of the recent influx of loans we saw on Lending Club this week.

New lows for LC stock – With Lending Club’s stock falling around IPO levels, forum members discuss whether they will invest in Lending Club.

Debt consolidation? – A forum member asks why revolving credit line and loan amount don’t always match in debt consolidation loans.

Borrower that filed for Bankruptcy – A borrower from Lending Club and Prosper shares his experience of taking out loans and eventually filing for bankruptcy.

  • 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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