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Online Lending

·Apr. 25, 2017

Kroll Assigns Ratings for Avant Loans Funding Trust 2017-A

Kroll Bond Rating Agency has assigned ratings for Avant's most recent securitization deal; the portfolio includes three tranches of consumer notes valued at $192.6 million; ratings for each of the three tranches are included in the chart above and range from A- to BB. Source

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Europe News Roundup Online Lending

·Dec. 6, 2016

Finexcap and Sage Partner for Invoice Financing

Finexcap, an online invoice financing platform, has partnered with Sage to expand its customer base; through the partnership the two firms have created Sage Clic&Cash; Sage Clic&Cash will offer invoice financing to approximately 600,000 small business clients using the software product Sage or Ciel. Source

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Asia/Pac News Roundup Online Lending

·Jan. 10, 2017

P2P Lender China Rapid Finance Partners with Wealth Manager

P2P lender China Rapid Finance has announced a partnership with Tencent's wealth management group, Licaitong; China Rapid Finance will list investments on the Licaitong platform; the product listings will include fixed-term investments ranging from nine months to 18 months with expected annualized returns ranging from 4.65% to 6.19%; the investment products reached capacity of RMB 27 million ($3.89 million) within two hours of the launch; China Rapid Finance will continue to offer investments through the Licaitong partnership; in a statement regarding the partnership, Dr. Zang Wang, CEO of China Rapid Finance, said, "This collaboration between CRF and Tencent's Licaitong platform will support the development of inclusive finance in China." Source

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News Roundup Online Lending

·Feb. 23, 2017

Rebuilding Trust and Confidence: The Road Ahead for Online Marketplace Lenders

Experian discusses some of the marketplace lending industry's new expectations following a challenging year in 2016 that resulted in decreased confidence in the alternative investments; suggests that the investment and banking communities will increase their focus on platform profitability which has been overlooked given significant growth rates in top-line revenue; notes industry self-regulation from multiple viewpoints including six new industry associations created in the past year; emphasizes the importance of a disciplined approach for data and risk management; reports overall that change within the industry could be good for a number of reasons. Sponsored Blog Post

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Europe Fintech News Roundup Online Lending

·Feb. 22, 2017

Errol Damelin a Leading Influence for London’s Fintech Industry

Errol Damelin has been steadily growing his presence in London's fintech sector; founder of Wonga, Damelin's expertise and mentorship has helped over 200 employees currently working in London's fintech scene; his company Wonga is a case study for online payday lending in Europe and despite his exit from the company in 2014, Damelin has gone on to successfully invest and mentor a wide range of startup businesses in London. Source

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News Roundup Online Lending

·Mar. 31, 2017

Uncorrelated Niche: Litigation Finance

The panel explores consumer litigation funding also known as pre-settlement funding, non-recourse funding or lawsuit lending; provides funding to plaintiffs who commonly have a personal injury case; money is used for life needs such as rent, mortgage, tuition, food, etc. and is not a loan; LawCash has provided funding for around 100,000 cases and has been in operation since 2000; YieldStreet is an investment platform for investors to access these types of investments; other topics discussed are how litigation funding is uncorrelated, how deals are underwritten, transparency of companies in the industry and the evolution of litigation finance. Source

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News Roundup Online Lending USA

·Jan. 31, 2017

Executive VP Eric Thaller Leaves Prosper

Prosper has reported the loss of another company executive a few months after the resignation of its former CEO Aaron Vermut; Eric Thaller, executive vice president of capital markets, has left the firm to join Sunbit, a consumer lending startup offering point of sale credit solutions for retail businesses; Thaller was a lead advocate for institutional investment in marketplace loans and directed the firm's institutional investment business. Source

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Asia/Pac News Roundup Online Lending

·Jan. 19, 2017

SoFi Planning for Expansion to Australia

SoFi is advertising job openings in Australia and appears to be planning international expansion of its mortgage lending business; firm has been expanding its mortgage lending in the US, now offering mortgage loans in 27 states; the expansion to Australia would be the first international effort for the P2P lender and one of the first marketplace loan offerings for mortgages in the country. Source

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News Roundup Online Lending

·Mar. 16, 2017

eOriginal Reports Survey Results on Marketplace Lending Industry

eOriginal surveyed participants at the LendIt USA 2017 conference to gain insight on drivers of industry growth and market challenges; according to the survey report 90% of participants expect an increase in partnerships between traditional banks and marketplace lenders in 2017; when asked about challenges for the industry overall, 47% reported regulation as the top challenge followed by access to capital at 25%; respondents also reported a number of challenges in end-to-end digital transaction management solutions including: full adoption by partners, lack of infrastructure, security and privacy concerns, and cost. Source

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News Roundup Online Lending

·Feb. 13, 2017

3 Ways Lending Companies Can Make Direct Mail Programmatic

Lob is a direct mail marketing company for lenders; in their featured blog post they provide three examples of how companies can benefit from using their services for direct mail marketing; benefits include improved acquisition from personalized attribution marketing, broader capabilities to market to customers based on milestones and events, and an efficient program for tracking compliance notices. Sponsored Blog Post

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