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Orchard

·Feb. 23, 2017

Orchard’s Matt Burton Shares the Orchard Story, Discusses the Secondary Market and More

In a Q & A with Forbes, Matt Burton, CEO of Orchard discusses the early days of marketplace lending and how Orchard came to be; the company has raised $45 million and has institutional investors across the globe who utilize the platform; Burton also talks about their focus on the secondary market and what upcoming startups he thinks are interesting. Source

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Asia/Pac Fintech News Roundup

·Mar. 30, 2017

Orchard Platform’s Matt Burton Discusses China’s Fintech Industry

China represents 18.5% of the total world population and its business commerce has been growing rapidly; it also reports the four largest fintech unicorn valuations, Ant Financial, Lufax, JD Finance and Qufenqi; Matt Burton from Orchard Platform reports on these statistics and more in a recent blog post also highlighting the emphasis on mobile payments and technology services for the underbanked and unbanked; while China's fintech sector has shown exponential growth, the government is now increasing its focus on financial protection which is expected to improve the quality of fintech businesses; in the blog post, Burton also provides a list of companies he is watching by region in Asia. Source

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News Roundup Online Lending USA

·Aug. 16, 2017

Orchard Reports on US Business Lending

Orchard reports on the diversity of business lending, breaking lending down by industry and state using data from Orchard; reports that they have the most data on retail trade followed by health care and social assistance, and construction; shares the concentration of lending of several industries by state. Source

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Peer to Peer Lending

·Sep. 12, 2017

Orchard Launches New “Deals” Platform Connecting Institutional Investors and Originators

[Update: There will be a webinar at 11am ET on September 27 on the The Orchard Deals Platform brought to...

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Fintech News Roundup USA

·Oct. 27, 2017

Analysis of Recovery Rates in Consumer Lending

Orchard stresses the importance of recovery rates in valuing pools of loans; blog post takes Orchard’s US unsecured consumer lending industry data and discusses what loan recoveries are, how they are calculated, how debt holders recover defaulted loan balances, and why recovery rates are so important. Source

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News Roundup Online Lending

·Mar. 16, 2017

Orchard on Q4 2016 Originations

Orchard provides insight on its Q4 2016 originations report which shows total originations of $2.1 billion; data for the Orchard report only includes originators on the platforms that have allowed their data to be shared publicly; from the report, Orchard shows an increase of 10% in originations from the previous quarter which is the first increase since Q4 2015; charge-offs appear to be trending slightly higher in 2014 and 2015 than in previous years which is likely a factor of the entrance of more subprime lenders and could also be the result of broadening credit models; the data also shows borrowing rates trending lower; a breakdown of interest rates by FICO and interest rates by loan size is also provided. Source

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News Roundup Online Lending

·Apr. 19, 2017

Orchard Updates Its US Consumer Online Loan Index

Orchard has updated its US Consumer Online Loan Index; constituents providing data for the Index have increased to five; new methodologies pertaining to estimates and delinquencies have also been incorporated to improve the Index’s reporting; the updates increase the credibility of the Index as a performance benchmark for the marketplace lending industry; Bill Ullman, Orchard’s chief commercial officer, provides some additional details on the Index’s updates and an analysis of its performance in a blog post. Source

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Fintech News Roundup USA

·Sep. 6, 2017

Expanding the Tent for Both Investors and Originators

Orchard has a unique perspective on online lending given how close they are both with originators and investors; Matt Burton shares themes from LendIt 2017 and looks back at what has happened over the past few years; Burton believes that many companies are positioned for growth this year with increased institutional investor interest; shares that the industry is still small compared to where it could go and explores what needs to happen in order to "expand the tent"; discusses growth in originations, securitization, partnerships and the expansion of asset classes in the industry. Source

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Fintech News Roundup USA

·Sep. 13, 2017

Lend Academy Article: Orchard Launches New “Deals” Platform Connecting Institutional Investors and Originators

Orchard has been working for a long time on their new platform called Orchard Deals; the platform has been redesigned from the ground up and boasts more than just a secondary market; features include deal listings, capital management, advanced analytics, data services and news & insights; Peter Renton from Lend Academy spoke with Orchard CEO Matt Burton and outlines what’s new in the blog post. Source

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Fintech News Roundup USA

·Apr. 16, 2018

Kabbage Rumored to Acquire Orchard

According to a report in Bloomberg online small business lender Kabbage is getting set to acquire Orchard. The companies have not yet confirmed and the cost of a potential deal is also not known. Source.

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