LendingRobot is planning to offer its clients a new marketplace lending credit fund with blockchain automated fund reporting; algorithms will automate investors' fund preferences into one of four options based on risk tolerance and investment horizons; the fund offering will add to the company's current business which allows customers to invest in multiple loan platforms from a single account. Source

LendingRobot shares returns for the second quarter; aggregated return for the LendingRobot series was 2.7% year to date; there are currently four risk-based funds in the series ranging from short term conservative to long term aggressive; loans included in the funds are from Lending Club, Prosper, Funding Circle and Lending Home; the series funds are available to accredited investors for investment. Source
Online multi-lender, LendingTree, has acquired CompareCards, owned by Iron Horse Holdings; the acquisition will expand LendingTree's online credit card comparison offering also bringing new technology, issuer relationships and educational tools to the site; LendingTree's stock has gained 13.44% following the company's announcement. Source
Lendio reported record growth in loan originations for the fourth quarter and full year of 2016; firm is one of the leading online multi-lender services for small business loans in the US; in the fourth quarter it facilitated loan originations of $70 million and in 2016 loan originations from the platform were more than $240 million. Source
After more than a decade of conferences and content, fintech has evolved past online lending alternatives: Fintech Nexus brides the gap.
LendingRobot has filed a Form D with the Securities and Exchange Commission indicating its plans for a pooled investment fund; the investing platform currently provides investment accounts that allow customers to invest in marketplace loans from direct lenders through the platform; the new fund provides a pooled fund investment option for investors; the minimum investment is $100,000. Source
George Popescu is the founder of LendingTimes, a publication dedicated to the online lending industry; he also serves as CEO of Lampix, an augmented reality company that offers a product creating 'smart surfaces'; the company announced it had crossed $4.5 million in funding through an ICO in minutes. Source
LendingUSA has hired Manoj Mathew as its new chief technology officer; the firm provides point of sale financing solutions for merchants; Manoj Mathew will be joining LendingUSA from LendFoundry where he was co-founder and chief technology officer; brings in-depth experience in credit financing technology and will support the firm in advancing financing solutions. Source
Small business online multi-lender Lendio has announced the launch of a new lending program for franchises; in addition to business loans, participating lenders will have access to new technology, comprehensive training, branded marketing tools, partnerships and Lendio's franchise support team; Lendio facilitates lending by matching online applicants with lenders; the firm has originated over $240 million in loans. Source
LendIt has also always sought to feature fintech startups. Our first ever PitchIt @ LendIt was held at LendIt...


