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Online Lending

·Oct. 31, 2016

Bondora Announces New Business Model

Estonia-based marketplace lender, Bondora, has announced plans for a new business model and system design that will change the way the company services its borrowers and investors; the changes will involve a new system design for borrowers and investors; according to Bondora, splitting the business into two separate parts will allow for greater pricing efficiency and better reporting and analytics. Source

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Europe News Roundup Online Lending

·Apr. 21, 2017

Lendix Expands to Italy

European marketplace lender Lendix will offer loans to Italian SMEs; the platform will now support peer-to-peer loans from EUR30,000 ($32,175) to EUR2 million ($2.1 million) for Italian businesses; Lendix has originated a total of over EUR70 million ($75 million) in business loans from borrowers in France and Spain. Source

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News Roundup Online Lending USA

·Sep. 5, 2017

Chart of the Week: OneMain Securitization

PeerIQ provides analysis of the recent OneMain securitization; the chart above compares the deal to other recent online lending securitizations; the deal closed at $947 million and it includes loans from Springleaf and OneMain which have merged under the OneMain brand. Source

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Fintech News Roundup Online Lending

·Mar. 9, 2017

Throwback Thursday: Deloitte’s Marketplace Lending 2.0 Industry Report

Deloitte has released its second marketplace lending report; discusses the convergence of digitization across all types of banking services; covers all aspects of lending including varying loan funding sources, securitization and regulations; also reports on credit markets and how different lending categories will scale at varying rates. Source

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News Roundup Online Lending USA

·Feb. 17, 2017

Chart: Stock Performance for Lending Club and OnDeck Since May 16, 2016

The chart below shows the stock performance for Lending Club versus OnDeck since May 16, 2016, which is the day Lending Club's stock bottomed out after their CEO resigned; Lending Club is up 64% and OnDeck is up 8%; both companies have taken a hit this week after earnings, largely due to profit taking.

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News Roundup Online Lending

·Apr. 11, 2017

SME Loan Fund Reports Changes

The SME Loan Fund has a new fund manager, SQN Capital Management, and is changing its name to the SQN Secured Income Fund; it is planning to issue up to 250 million new shares to increase assets under management and improve liquidity; it will continue to invest in loans from origination platforms and finance companies however its investment policy will divert from investing in GLI Finance affiliated platforms and will now focus its investments primarily on a range of secured wholesale loans. Source

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Europe News Roundup Online Lending

·Dec. 22, 2016

2017 a Pivotal Year for UK Marketplace Lending

The UK marketplace lending industry is likely to see several factors causing change in 2017; the Financial Conduct Authority has reported several concerns which may increase regulatory pressure; demand for loans and capital investment are also slowing; larger platforms will have a greater advantage while the smaller platforms may see greater challenges; competition and partnerships among traditional financial service providers and fintech companies will also continue to be significant for the market overall. Source

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News Roundup Online Lending Real Estate USA

·Mar. 16, 2017

Groundfloor Announces Tax-Deferred Real Estate Investing

Groundfloor has partnered with IRA Services to offer clients investment through tax-deferred retirement accounts; Groundfloor is the US market's first and only real estate platform with all of its investments open to non-accredited investors; through IRA Services, which provides a unique platform for facilitating investment in alternative finance, investors can now invest in Groundfloor's range of real estate offerings, achieving returns of 5% to over 20% in tax deferred retirement accounts; Groundfloor's P2P real estate lending platform has been growing substantially with $16.5 million in loans originated in 2016, an increase of 621% from 2015. Source

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Europe News Roundup Online Lending

·Apr. 10, 2017

Lend Academy Podcast: Jaidev Janardana of Zopa

Zopa was the industry's first peer-to-peer lending platform, launching in the UK in 2005; Lend Academy talks with Jaidev Janardana from Zopa about his role as CEO over the past 18 months and how the business is changing with the firm's new banking initiative; Zopa will be taking advantage of some unique market opportunities with its banking services; the firm will not be offering current accounts but plans to integrate open banking to provide its clients more offerings beyond borrowing and lending. Source

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Europe News Roundup Online Lending

·Aug. 23, 2017

Landbay Raises GBP2.4mn from Seedrs Campaign

Landbay's most recent fundraising brings total funding to GBP7 million ($8.98 million) which the company has obtained from crowdfunding; the company's business is focused on funding buy to let mortgages and it has received authorization from the FCA; it plans to use the new funds to expand its operations and launch new products. Source

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