Peter Renton shares returns from his marketplace lending portfolio as of Q3 2017; overall returns for Renton’s portfolio was 6.64%; declining performance in the portfolio is primarily due to LendingClub loans; new additions to his portfolio for the quarter include AlphaFlow, Money360 and YieldStreet. Source
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his latest quarterly investment results; Renton earned an overall 5.01% return for the 2017 calendar year with his investments in LendingClub, Prosper, P2Binvestor, Peerstreet, Streetshares, AlphaFlow, Money360 and YieldStreet. Source
Bitcoin is the financial phenomenon of the year; Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his thoughts on cryptocurrencies as well as a breakdown of his holdings. Source
The new lender, run by former Funding Circle execs, will offer loans between $5 million and $60 million. Source
Harvard Business School has released a comprehensive report on the state of small business lending and its current landscape; Lend Academy provides more details in their article with insight from author, Brayden McCarthy of Fundera; paper includes details on the evolution of online lending within the small business lending market; goals of the paper include laying a foundation for regulatory reform and exploring how online small business lenders can partner with banks. Source
The latest fintech IPO is likely to be GreenSky which focuses on point of sale finance. Source
Manatt, Phelps & Phillips, LLP has released a report based on survey results from 75 executives and investors at banks, fintech companies and private equity firms; Lend Academy provides a summary of the report in their article; report focuses on the interest from regional and community banks in partnering with fintech companies; high interest from these banks since the partnerships can help them provide their services at a lower cost and also expand geographically; survey results find that the majority of regional and community banks are already engaged in partnerships with fintech firms. Source
A new report by economic research firm NDP Analytics sponsored by the Electronic Transactions Association, the Innovative Lending Platform Association...
loanDepot has originated $100 billion in loans through a unique business model that facilitates loans through both an online platform and branch offices located throughout the US; Lend Academy provides more details on their business and recent milestone in their article; in 2016 loanDepot originated $38 billion in loans and since 2010 it has been growing loan volume at an average annual rate of 70%; the company acquires half a million potential borrowers per month and offers mortgage loans, mortgage refinancing, personal loans and home equity loans; Anthony Hsieh, loanDepot's CEO, cites their non-bank status and agile technology as leading factors for their rapid growth in loans and customer acquisition; mortgage lending is one area of the credit market with significant opportunity for market share gains from advanced technological solutions and loanDepot has successfully capitalized on the market opportunity. Source
Merger will result in the largest robo-advisor in marketplace lending; the companies will operate separately for now but the company aims to take the best of both platforms; the funds offered will be streamlined with the LendingRobot Series fund being the focus going forward; Bo Brustkern, co-founder and CEO of NSR Invest, will be leading the new entity with Emmanuel Marot, co-founder and CEO of LendingRobot, acting as a special advisor; the new entity will have $150 million in assets under management with over 8,000 clients. Source