Prosper narrowed their losses for the quarter and reported significant growth in originations. Source...
Prosper recently published their third quarter results; the company grew originations 6% from the previous quarter to $821 million; reported a net loss of $26.9 million largely due to non-cash charges related to warrants as part of the consortium deal announced this year. Source
Deepak Lalit, Managing Director of LendIt Advisors reviews the public companies attending LendIt and their recent track record. Source
Investors across the US will now be able to invest in real estate loans originated by Groundfloor with as little as $10. Source
Lend Academy shares several companies who have announced major origination milestones across small business lending and real estate; included in the list is Kabbage, LendingHome, Funding Circle and LendingClub. Source
Last week the Securities and Exchange Commission (SEC) released a report on the initial coin offering (ICO) of the Decentralized Autonomous Organization (the DAO), which raised almost $150 million from investors using this new capital raising method (before returning the money); the report explained that the SEC views this ICO as a sale of securities and that the DAO was in violation of securities laws, though no enforcement action was taken. Source
Venkatesh Bala from Biz2Credit shares new ways that lenders should think about risk management. Source
OnDeck has been working towards executing on their five strategic initiatives for 2018: grow responsibly, strengthened credit management, invest in high-growth...
OnDeck has achieved GAAP profitability and announced some interesting new developments for 2018. Source
As rates rise fixed income investors are looking for places to put cash; Lend Academy shares the latest rates on savings and CD accounts as well as a look at the newly branded Marcus by Goldman Sachs bank account. Source