Tagged: goldman sachs

August 19, 2016 @ 9:24 am By Erin Hobey  |  

“Marcus, I’d like a small consumer loan.” No, users will not be going to a teller to ask for a loan from Goldman Sachs‘ much anticipated online lending platform. Rather the name is meant to establish a sense of familiarity, like being on a first name basis… Read More

July 20, 2016 @ 9:30 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) announced earnings yesterday and beyond beating market expectations, the investment bank revealed some of its intentions on the forthcoming launch of its online lending platform later this fall. The news that Goldman Sachs was moving into the online lending sector came over… Read More

April 26, 2016 @ 1:27 pm By Erin Hobey  |  

The US’ largest marketplace lender LendingClub Corp. is planning its first sale of bonds backed by its unsecured loans, reported the WSJ, seeking new funding sources in today’s challenging market. Working with Goldman Sachs Group Inc. and Jefferies Group on the offerings, LendingClub’s plans to discuss updates with potential investors as early as this week, reported the WSJ; Goldman… Read More

April 25, 2016 @ 11:26 am By Samantha Hurst  |  

On Monday, marketplace lender CommonBond announced that it has completed its $150 million of student loans assets, which was co-led by Barclays and Goldman Sachs. Morgan Edwards, CFO of CommonBond, stated: “The strong reception in the capital markets to our second securitization is a further testament to the… Read More

April 25, 2016 @ 8:01 am By JD Alois  |  

Last year Goldman Sachs revealed its intent to push into the marketplace / peer to peer lending sector. While a growing number of traditional financial firms are partnering with more agile, fintech startups – Goldman decided to strike out on their own. This past week,… Read More

March 10, 2016 @ 4:30 am By Erin Hobey  |  

2015 was the year that financial technology entered the mainstream, claims the new report “Pulse of Fintech” from KPMG and CB Insights (see also the University of Cambridge Centre for Alternative Finance  seminal benchmarking surveys last year), which estimates that VC-backed fintech firms around the world secured $13.8 billion in… Read More

February 18, 2016 @ 12:45 pm By Samantha Hurst  |  

Victory Park Capital (VPC), an investment firm focused on private middle-market debt and equity investments, announced on Tuesday former Goldman Sachs managing director, Upacala Mapatuna, has joined as chief investment officer. Upacala will reportedly bring more than 20 years of financial industry experience and over 15 years of investing experience to VPC. Richard Levy, CEO and founder of VPC commented:  “We… Read More

February 18, 2016 @ 10:46 am By Samantha Hurst  |  

This week, peer-to-peer (P2P) platform LendInvest announced it has appointed Hugo Davies as its new capital markets associate. Davies reportedly joins LendInvest from Goldman Sachs, where he worked in liquidity, cash and collateral management. He stated: “I joined LendInvest with a deep appreciation for detail,… Read More

January 18, 2016 @ 9:19 am By JD Alois  |  

Neyber has launched a new consumer lending program. The announcement comes on the heels of raising £6 million in a Series A funding round. The company raised £2.5 million in seed financing in 2015. Neyber is taking a slightly different approach to credit by offering low-interest… Read More

January 7, 2016 @ 2:30 pm By Therese Torris  |  

Lendix, one of the 60 companies who joined the fray of crowdlending platforms in 2015 has quickly taken the leadership position by designing a marketplace that meets the needs of institutional investors. Marketplace lending to small and medium size enterprise (SMEs) is taking off in… Read More

December 31, 2015 @ 3:07 am By Erin Hobey  |  

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

October 22, 2015 @ 11:15 am By Erin Hobey  |  

Since summer Goldman Sachs Group has created significant buzz when the bank announced its plan to launch an online marketplace lender unit as early as next year.  Hiring engineers, data scientists, operations staff and customer service professionals is the logical next step for Goldman, as it builds… Read More

August 4, 2015 @ 11:24 am By JD Alois  |  

Alibaba continues to expand its strategic push into financial services with the significant hire of Michael Evans as President of Alibaba Group. According to the company, Evans will direct international growth strategy for the fast growing internet conglomerate.  Evans was already a member of the… Read More

July 22, 2015 @ 8:08 am By JD Alois  |  

New forms of finance are poised to inalterably change the entire finance industry ecosystem we know today.  Investment crowdfunding, and the various iterations of alternative finance, are still in the early stages of its evolution.   The disruptive finance industry is measured in mere billions… Read More

July 2, 2015 @ 12:39 pm By David Klein  |  

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

June 16, 2015 @ 2:00 pm By JD Alois  |  

The New York Times Dealbook section published an article yesterday about Goldman Sachs entering the peer to peer, or marketplace lending space. This was really old news as Quartz had covered it soon after Harit Talwar announced his departure from Discover in April.  Shelly Banjo… Read More

December 16, 2014 @ 4:42 pm By Samantha Hurst  |  

Lending Club (NYSE: LC) an online marketplace the connects borrowers and investors, announced on Tuesday (December 16th) the closing of its initial public offering and the exercise in full of the underwriters’ option to purchase an additional 8,700,000 shares from Lending Club. After the underwriters’… Read More

November 16, 2014 @ 10:00 pm By JD Alois  |  

In an article published on PEHub this past week, the author stated that according to several sources Lending Club is also considering a buyer and is “pursuing a dual track”.  Lending Club announced that it had filed for an Initial Public Offer this past August. … Read More

August 25, 2013 @ 8:27 am By JD Alois  |  

The SEC has announced that Eun Ah Choi has been named Managing Executive of the Division of Investment Management. The SEC’s Division of Investment Management works to protect investors, promote informed investment decisions, and facilitate appropriate innovation in investment products and services through regulation of… Read More