Marketplace Lending News Roundup – May 2, 2015

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.

Four British Startups Breaking Through The Billion Dollar Mark from Forbes – Leading the list of billion dollar startups in the UK is Funding Circle.

Industry Profile – Al Goldstein from Orchard – Profile of Avant CEO Al Goldstein.

Explore Peer-to-Peer Lending with Peter Renton (Podcast) from Accredited Investor Markets – Here is a podcast interview with AIMkts I did a short while back.

Inc. Uncensored Ep 10: 30 Under 30, Sexy Lending, and Why Your Kids Should See You Yell At Your Boss from Inc. – The Inc. editors tackle online lending in their latest Uncensored episode (go to 9:30 mark).

Why online lending will take off with small business owners from Fortune – Great piece by Karen Mills on the changing world of small business lending.

Canaan Partners: There is a Fundamental Disruption in Financial Services Occurring Right Now from Crowdfund Insider – A disruption in financial services brought by the internet.

OnDeck Looks North from The Wall Street Journal – Small business lender OnDeck is expanding operations in Canada.

Could This New Billion-Dollar Industry Put Banks Out Of Business? from The Motley Fool – Banks are not going out of business any time soon but changes are coming.

Small loans sold online by Big Bank rivals from The Toronto Star – A look at the marketplace lending industry in Canada featuring Borrowell and Grouplend.

SocietyOne makes case for peer-to-peer lending from Computerworld – I am in Sydney right now and visited with the SocietyOne guys this week. Here is an interview with their CEO.

Time to Go Mobile from AltFi – Excellent article about the use of mobile in the UK for marketplace lending.

Wall Street’s Thinking About Creating Derivatives on Peer-to-Peer Loans from Bloomberg Business – More signs that marketplace lending is maturing, derivatives are coming.

P2P Lending Jumps Amid UK Banking Reform from PYMNTS.com – The Q1 statistics are out for the UK p2p lenders, a 33% increase over Q4.

P2P Lending: Why You Need a New Uncorrelated Asset Class from LendingMemo – Simon takes an in-depth look at historical stock market returns and makes the case for adding P2P lending to the investment mix.

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.

Reinvestment amount in relation to total notes – Discussion on number of notes for diversification and note reinvestment amount.

Rate of Return compared to LC’s Average – Forum members discuss returns and how average age plays a role.

Question about delinquencies – A forum members asks about backtesting delinquencies as a filter criteria and the effects on returns.

  • 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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