According to data from FT Partners, the third quarter brought the highest financing deal count ever with 412 transactions; banking (including p2p lending) and payments had the most deals in the quarter; transactions of note include Softbank’s $250 million investment in Kabbage and raises by Toast Inc. and Raise Marketplace. Source
OnDeck has made many changes to the business over the last several quarters. With their latest financial results released today, the...
There has been a shift in focus at the large online lending companies over the last year and a half...
PeerIQ released their third quarter marketplace lending securitization report; total issuance for the quarter was $2.6 billion down from $3 billion in the last quarter; SoFi closed two consumer deals and one student deal; Lending Club and Prosper both issued one deal; College Avenue issued their first ever student loan securitization. Source
OnDeck released their third quarter financial results today; originations were up 14% from the previous quarter to $531 million; firm plans for GAAP profitability in the fourth quarter and hinted at a new bank partnership for 2018. Source