Marketplace lender Growth Street has hired two new executives to support its expansion plans; April Nardulli will join the firm as general counsel bringing experience from RateSetter; Chris Weller will be joining as commercial director to support commercial loan business development; launched in November 2016 the firm has originated over GBP54 million ($67.44 million) from business borrowers; the new appointments follow the recent hiring of James Sherwin-Smith as the firm's new chief executive officer. Source
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In 2016 the student loan securitization market increased compared to 2015 and in 2017 the market has already been off to a good start; the panelists discuss the reasons for this trend of increased issuance including knowledge, confidence and a default rate of just 3 bps; in the case of the refinance product, supply has created the demand; panel also comments on the current regulatory landscape and the Federal Family Education Loan (FFEL) Program which guarantees student loans; on the whole loan side, the panelists talk about the interest from investors, why they are deploying capital to the student loan market and the kind of returns they can expect; finally the panelists talk about risk retention and the importance of fintech in the origination of assets. Source
CB Insights reports on the venture capital industries top investors in unicorn exits; Sequoia Capital ranks first on the list of investors investing in unicorn startups with private market exits during 2009 to March 2017; Sequoia Capital has invested in 18 companies with unicorn exits including fintech company Square Capital. Source