Tagged: marketplace

June 27, 2016 @ 11:36 am By JD Alois  |  

The ongoing saga of Madden vs. Midland just took another twist as the US Supreme Court has decided not to review the Second Circuit court decision on usury laws.  This is according to a report in Law360 today.  The decision was described as a “blow… Read More

June 27, 2016 @ 7:41 am By JD Alois  |  

Commercial mortgage marketplace lender LendInvest saw its ARC Ratings affirmed receiving a Limited SQ1 Servicer Quality rating, with stable outlook. Revealed last Friday, ARC stated; “LendInvest, the mortgage marketplace lender, was previously accorded a public SQ1 Servicer Quality rating on 23rd June 2015. Over the past… Read More

June 24, 2016 @ 7:54 am By JD Alois  |  

Peer to peer lender Assetz Capital is “optimistic” following the decision by UK citizens to depart the EU.  The leave vote has, in their opinion, created an opportunity; “Brexit will create a big opportunity for Assetz Capital’s investors as bank interest rates on business loan… Read More

June 23, 2016 @ 8:50 am By JD Alois  |  

In a public statement referencing the Brexit, the CEO and founder of auxmoney, the largest German P2P lender, pointed to the current environment of high-volatility in markets and the contrasting, relative stability of investing in P2P loans. Reflecting the Brexit,Raffael Johnen stated; “Especially in this environment, P2P loans… Read More

June 22, 2016 @ 9:42 am By JD Alois  |  

Assetz Capital has formed a strategic relationship with FundBay, a deal matching platform.  As part of the relationship, Assetz Capital has created some new commercial mortgage products. According to Assetz Capital, the company has been collaborating with the Fundbay team in the development these new loan products for… Read More

June 20, 2016 @ 1:44 pm By JD Alois  |  

John Mack, a bit of a legend in the banking world who garnered the nick-named Mack the Nice (in contrast to some other less savory nicknames for other iBankers), visited the studios of CNBC this morning to discuss a broad range of topics.  Mack is… Read More

June 18, 2016 @ 3:02 pm By JD Alois  |  

This past week LendInvest appointed  Stephen Wilcke as a Senior Advisor.  Wilcke has a long track in finance including being  CEO of HM Treasury’s Asset Protection Agency.  He was also head of OneSavings Bank where he positioned the firm for an IPO back in 2014.  Now… Read More

June 17, 2016 @ 3:35 pm By Samantha Hurst  |  

Uni Market, an online marketplace that allows students to sell essential college supplies, has launched a Seedrs initiative to raise £70,000 as it prepares to expand. The marketplace now offers students an opportunity to sell items (such as textbooks, furniture, computers, etc.) for free. Students simply sign… Read More

June 17, 2016 @ 8:21 am By JD Alois  |  

LendInvest, the leading online lender of commercial mortgages in the UK, has appointed Stephen Wilcke as a Senior Advisor.  Wilcke is the former Executive Chairman of OneSavings Bank – a FTSE 250 specialty lender.  According to LendInvest, Wilcke led OneSavings Bank on an extensive turnaround,… Read More

June 14, 2016 @ 12:11 pm By JD Alois  |  

In 2011, an average of 8,000 small and micro businesses were denied funding each day from traditional banks. This statement is not from some fanatical Fintech entrepreneur but our current Secretary of the Treasury, Jack Lew.  It is this profound gap between demand, and supply,… Read More

June 13, 2016 @ 9:22 am By JD Alois  |  

Long-time Orchard Senior Advisor Bill Ullman has been appointed Chief Commercial Officer of the Fintech firm. Ullman has been providing his insight and perspective to Orchard since the firm was founded in 2013.  Ullman, reporting directly to Orchard CEO Matt Burton, will now direct global… Read More

June 11, 2016 @ 10:00 am By JD Alois  |  

The Federal Trade Commission (FTC) held its first in a series of forums on Fintech this past week.  At the top of the list was the marketplace lending sector. Marketplace lending, originally labeled Peer to Peer lending, has been a hot topic within the financial… Read More

June 10, 2016 @ 9:51 am By JD Alois  |  

Lord Adair Turner, former FSA Chair and pointed critic of the UK peer to peer lending industry is scheduled to speak at Lendit Europe in London this fall.  Turner, speaking with the BBC earlier this year, made the statement; “The losses which will emerge from… Read More

June 10, 2016 @ 7:38 am By JD Alois  |  

This week the Monetary Authority of Singapore (MAS) revealed their approach to “securities crowdfunding” announcing that platforms may raise up to S$5 million (USD $3.7million) from both sophisticated and retail investors.  The approach is more in line with the UK than the US providing a… Read More

June 9, 2016 @ 11:56 am By JD Alois  |  

ESF Capital has signed a deal to provide £4.6 million to Satago, an online lender that provides cash-flow/receivable financing to UK SMEs.  ESF Capital is the same entity that acquired peer to peer lender ThinCats while providing a significant capital injection. Satago is also interesting… Read More

June 8, 2016 @ 8:06 am By JD Alois  |  

Reuters is reporting that former Lending Club CEO Renaud Laplanche is seeking financial backing to purchase Lending Club (NYSE: LC) and take it private. According to the report, Laplanche has been in discussions with various banks and private equity groups about financing a bid for the… Read More

June 7, 2016 @ 8:41 pm By JD Alois  |  

Lendit is expanding its portfolio of activities this year by launching Lang Di Fintech, their inaugural Chinese conference.  Lang Di means “enlighten” or “inspiration” thus representing the future of finance in the largest Fintech market in the world. Lang Di Fintech will take place in… Read More

June 7, 2016 @ 1:59 pm By JD Alois  |  

Lending Club (NYSE:LC) has filed an 8K with the Securities and Exchange Commission (SEC) indicating it has raised interest rates once again in response to the evolving marketplace.  According to Lending Club, “Effective June 7, 2016, Lending Club’s platform interest rates are increasing to boost… Read More

June 7, 2016 @ 11:00 am By JD Alois  |  

LendingRobot is “doubling down” on Lending Club. As the largest marketplace lending platform in the US fights back to regain its sea-legs, Lending Robot, a provider of analytical tools for retail investors in marketplace lending assets is launching a new feature to improve investor returns. Despite… Read More

June 2, 2016 @ 6:01 pm By JD Alois  |  

  The Chairman of the UK Parliament Treasury Committee has written both Tracey McDermott, head of the FCA, and Andrew Bailey, Deputy Governor of the Bank of England for Prudential Regulation, to enquire if consumers may benefit from further regulation of the peer to peer… Read More