Marketplace Lending

Get Your Free Hard Copy of deBanked Magazine

October 2, 2017
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Sept Oct 17 top

If you haven’t already signed up to receive our magazine in the past, you should register today to make sure you receive our September/October issue! Subscribing is FREE and this issue is packed with stories, stats, and industry data you can’t find anywhere else. We can also arrange for multiple copies to be shipped to […]

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Reaction to Lending Club’s New Credit Model

September 13, 2017
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Lending Club IPO

The few retail investors discussing the recent change Lending Club made to their credit model weren’t exactly optimistic, according to comments on the Lend Academy forum. Of particular concern is grade inflation wherein borrowers who previously scored a C or lower may now find themselves in the A or B category. “We expect loan volume […]

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Lending Club Launches Its Most Advanced Credit Model Ever

September 11, 2017
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Lending Club Max Loan Size

Lending Club is feeling pretty good about its newest credit model, according to an email that circulated to retail investors this morning. A copy of it is below: We have launched the most advanced and predictive credit model ever used on the LendingClub platform. It’s the latest in LendingClub’s long history of innovation on behalf […]

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Lending Club: Charge-offs will happen

August 16, 2017
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five things to know about lending club notes

A short guide that Lending Club circulated to retail investors yesterday offers them five key pieces of advice. 1. Focus on net returns 2. Charge-offs will happen 3. Diversification is key 4. Monthly payments include principal and interest 5. Reinvestment is critical for consistent returns Lending Club has gradually drawn more attention to the effect […]

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Catching Up With Marketplace Lending – A Timeline

August 13, 2017
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5/17 – Funding Circle surpassed Zopa in cumulative lending to become the UK’s biggest marketplace lender 5/18 – Breakout Capital announced appointment of Douglas J. Lanzo as EVP and General Counsel 5/22 – The New York State legislature held a joint hearing on online lending 5/25 OnDeck had the maturity date of its $100M credit […]

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Funding Circle Rebrands

August 10, 2017
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Funding Circle new vs old

Funding Circle is ditching their old circular logo with arrows in favor of a more modern purple logo. The website has also undergone a redesign as well. On the new website, the company states that they are “revolutionising a broken system” and emphasize that “we believe in those made to do more.” In a recent […]

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Company Founded By LendIt’s Co-founders Has Acquired LendingRobot

August 10, 2017
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NSR Invest / LendingRobot

NSR Invest has acquired LendingRobot to become the largest robo-advisor in the alternative lending space, according to an announcement made by both companies. Of note is that three of NSR Invest’s co-founders, Peter Renton, Bo Brustkern, and Jason Jones, are also co-founders of the LendIt Conference. The acquisition is a reminder that the conference founders […]

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On Bloomberg: Watch Lending Club CEO Scott Sanborn Talk Q2

August 9, 2017
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Sanborn Bloomberg

On Bloomberg, Lending Club CEO Scott Sanborn said that banks were a critical piece of their platform. In Q2, 44% of all originations were funded by banks. Watch below: Video not loading? Click here

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Fintech Remains Loyal to Prosper & Suber

July 10, 2017
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Prosper Marketplace

When deBanked reached out to fintech market participants for comment on Ron Suber’s sudden departure as Prosper’s president, the responses were the same — ‘anything for Ron.’ Dubbed the Godfather of fintech, Suber might deserve superhero status given the recapitalization that he and the Vermuts led half a decade ago to save Prosper Marketplace. That […]

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Catching Up With Marketplace Lending – A Timeline

June 13, 2017
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A timeline of alternative finance

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE 4/11 Regions Bank recruited Kabbage’s chief technology officer, Amala Duggirala, to become its chief information officer 4/12 Federal Reserve Published their 2016 Small Business Credit Survey 4/13 Marathon Partners, a minority shareholder of OnDeck, publicly called on the company […]

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