United Capital Source is Now Licensed in California


United Capital Source, the company featured in deBanked’s September/October magazine issue, announced that they’ve become licensed by the State of California Department of Business Oversight as a finance lender and broker. “With its new license, UCS will be writing high quality loans for California small business owners,” Weitz wrote. California attorney Paul Rianda wrote a

Read on deBanked | By: Sean Murray




CommonBond Raises Equity, Debt and Acquires Personal Finance Startup, Gradible


The company plans to use the funds towards hiring folks in finance, sales and technology, building new technology platforms and scaling its loan operations.

Read on deBanked | By: Srividya Kalyanaraman




Lending Club Hires BlackRock’s Patrick Dunne to Head Investor Group


Patrick Dunne has over 25 years of industry experience and has overseen 700 investment products with over $1 trillion assets under management. Dunne holds a bachelor's degree from UC Berkeley and a masters from Stanford business school.

Read on deBanked | By: Srividya Kalyanaraman




Are Retail Investors Really The Secret to Marketplace Lending Stability?


One anecdotal lesson that marketplace lenders seem to be circulating in 2016 is that outside institutional capital alone isn’t enough to succeed long term, at least on the consumer lending side where the yield spreads are typically narrower. Retail investors are crucial, some of them say, to achieve balance. In late March for example, a

Read on deBanked | By: Sean Murray




Catch up on past magazine issues




Click here




The Fed’s Analysis of Online Lender Satisfaction is Bogus


A strange statistic about borrowers and their supposed overwhelming dissatisfaction with online lenders is circulating where it shouldn’t be. Only 15% of small business borrowers were satisfied with the loan they were approved for by an online lender, according to a Federal Reserve study published back in March. That’s actually not even what the study

Read on deBanked | By: Sean Murray




OnDeck Sets Q2 Earnings Date And…


OnDeck has one thing going for it when it releases its Q2 earnings on August 8th, the fact that the market seems to be anticipating bad news at every turn for the marketplace lending industry right now. A large drop in Q2 origination volume, if that is in fact what they report, would probably just

Read on deBanked | By: Sean Murray




Fintech Hearing Summary (7/12/16)


A hearing about marketplace lending put on by the House Subcommittee on Financial Institutions and Consumer Credit covered a wide array of topics on Tuesday. From merchant cash advance to business loans to consumer loans, the witnesses tried to help members of Congress understand the circumstances in their respective industries. Parris Sanz, the Chief Legal

Read on deBanked | By: Sean Murray




Google Adwords Interruption May Be Coming for Business Lending and MCA This Week


Get ready for Google to probably misinterpret what you do come July 13th, the day that Google has decided to ban all consumer lenders that charge more than 36% APR or have terms less than 60 days, from paid search advertising. This is according to an announcement Google made back in May, as part of

Read on deBanked | By: Sean Murray




Farewell, and Thank You, to Vouch


It has been a little over a month since Vouch went under. There are no words to describe what that felt like - "how could it all be just... over?" Just like that. We announced to the Vouch team after

Read on LinkedIn Pulse




Should Marketplaces Have Skin In The Game?


This article is from deBanked’s May/June 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE These answers were offered by the following execs to the question over whether or not lending marketplaces should have skin in the game, during a panel at LendIt in April. Gilles Gade, Cross River Bank YES Jeffrey Meiler, Marlette

Read on deBanked | By: deBanked Staff




Online Consumer Lenders Stumble, While Online Business Lenders Stay On Their Game


Something is happening in the land of marketplace lending, painful setbacks. And it’s mostly on the consumer side. Avant, for example, plans to cut up to 40% of its staff, according to the Wall Street Journal. Prosper is cutting or has cut its workforce by 28%. For Lending Club it’s by 12% and for CommonBond

Read on deBanked | By: Sean Murray




Marketplace Lending Hearing To Be Held By House Subcommittee


On July 12th, the Subcommittee on Financial Institutions and Consumer Credit is scheduled to hold a hearing to examine the opportunities and challenges specifically in online marketplace lending. Among the witnesses offering testimony will be Parris Sanz, Chief Legal Officer of CAN Capital and Sachin Adarkar, General Counsel of Prosper Funding. Rob Nichols, the CEO

Read on deBanked | By: Sean Murray




Student, Auto Loan Delinquencies Rise Slow and Steady, Report Says


Report on debt shows student loan delinquencies rising since the end of 2011.

Read on deBanked | By: Srividya Kalyanaraman




Russian Startup Blackmoon Wants to Play Middleman in Marketplace Lending


Blackmoon aims to reach a billion dollar in loans by the end of 2017 and is targeting business, consumer, student and car loans.

Read on deBanked | By: Srividya Kalyanaraman




CrunchBase Spotlight: Data hints at down rounds, but not wipeout, for marketplace lending


Marketplace lending may not be prospering now but a resurgence could be on deck.

Read on TechCrunch | By: Joanna Glasner




Fundry Secures $75 Million Credit Line, Confirming That This Niche Is Still Hot


Fundry has secured a new $75 million credit line, according to the company’s CEO Isaac Stern. The transaction was facilitated by Brean Capital and Pi Capital. Fundry is commonly known by one of their subsidiary companies, Yellowstone Capital. According to a document obtained by deBanked, the company did more than $40 million in deals last

Read on deBanked | By: Sean Murray




Fora Financial Crosses $500 Million in Small Business Funding


The eight year old New York-based merchant cash advance company was started by college friends Dan Smith and Jared Feld provides business financing businesses including restaurants, retail stores and construction companies.

Read on deBanked | By: Srividya Kalyanaraman




American Express Expands Business Loan Options


American Express is expanding beyond their merchant financing program. The new Working Capital Terms program makes small business owners who are simply Amex cardholders, eligible for funding as well. There’s a catch however. The funds must be used to pay vendors, according to Bloomberg, a process which Amex controls by paying the vendors on the

Read on deBanked | By: Sean Murray




As Credit Tightens, Borrowers and Investors Retreat Alike


Lenders have for long relied on securitization for capital but as the credit market tightens, companies will be forced to diversify and soon.

Read on deBanked | By: Srividya Kalyanaraman