Marketplace Lending

Lending Club Reveals Q4 Figures, $146 Million Loss for the Year

February 15, 2017
Article by:

Lending Club IPO

The year that shook the industry ended six weeks ago but the total damage wrought is just now coming out. Lending Club lost $146 million in 2016, $32 million of which can be attributed to Q4. But it didn’t end all that badly according to CEO Scott Sanborn. On the earnings call he said, “our […]

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The LendIt Story

February 12, 2017
Article by:

Bo Brustkern

This article is from deBanked’s Jan/Feb 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE LendIt Co-founder Jason Jones The LendIt Conference was supposed to be a smallish local meetup for New York-based members of the online lending community. But founders Jason Jones and Bo Brustkern soon discovered they had the makings of a […]

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deBanked Begins 2017 With Thickest Magazine Issue Ever

February 8, 2017
Article by:

Jan/Feb 2017 preview

Forty-eight pages. That’s how thick deBanked’s January/February 2017 edition is. As the wider industry heads to the LendIt Conference in NYC next month, we decided it was only fitting to feature the city that never sleeps on the cover. This issue delves into Equity crowdfunding, the story behind the LendIt Conference, and what it’s like […]

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Former CIO of the CFPB and FinTech Entrepreneur Joins FinMkt’s Advisory Board

January 31, 2017
Article by:

company news

New York City-based FinMkt, a leading provider of marketplace technology solutions for the financial services industry, today announced the addition of Tim Duncan, a seasoned financial technology entrepreneur and innovative leader, to its Advisory Board. Tim brings an impressive roster of experience, including serving on the executive launch team for the U.S. Consumer Financial Protection […]

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Introducing LendingRobot Series: One-Stop Investing in Alternative Lending

January 26, 2017
Article by:

LendingRobot

New investment solution combines robo-advisor with Blockchain technology to make investments in Alternative Lending simple, diversified, flexible, and transparent January 26, 2017 – Seattle, WA – LendingRobot, the first robo-advisor for Alternative Lending built for individual investors, announced today the launch of robo-fund LendingRobot Series. Designed as an alternative to traditional fixed income investments, LendingRobot […]

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This So-Hot Robot Is Launching a Marketplace Lending Hedge Fund

January 26, 2017
Article by:

Emmanuel Marot Lending Robot

LendingRobot has come a very long way since I first connected with them two years ago. Back then, CEO Emmanuel Marot was simplifying access to marketplace lending for individual investors by automating the decisions and executions. A year later, they were the first in the industry to introduce that technology via a mobile app. As […]

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Why Funding Circle Exited Spain

January 24, 2017
Article by:

Spain

On the heels of a $100 million round, the global lending platform announced that they were exiting the Spanish market. Funding Circle operates in the US, UK, Germany, and the Netherlands. Up until recently, they also counted Spain among its active European markets, but no longer. The timing is curious, right after the company raised […]

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The NYDFS Opposes Fintech Charter Proposed by the OCC

January 19, 2017
Article by:

bank

New York State regulators are not happy with the OCC’s willingness to grant bank-like powers to non-banks in the fintech movement. “NY DFS disputes the OCC’s claim that it has the authority under the National Bank Act for this proposed new charter,” a letter by Superintendent Maria Vullo states. “Nonbank financial institutions are not banks […]

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Funding Circle’s New $100 Million Funding Round is a Surprise, But it’s Really Not

January 13, 2017
Article by:

UK Flag

The alternative small business lender that is arguably offering the longest terms with the lowest rates has secured a $100 Million Series F Round, according to an announcement on Wednesday. With the round led by Accel, the strong sign of confidence contradicts the sentiment felt by many in the US about their business model. In […]

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Marketplace Lending Association Announces 11 New Members

January 12, 2017
Article by:

Marketplace Lending Association

WASHINGTON, Jan. 12, 2017 /PRNewswire/ — The Marketplace Lending Association (MLA) today announced the addition of eleven new companies to the Association. The new members join as the MLA works to expand its presence in Washington. The MLA was formed in 2016 by founding members Funding Circle, Lending Club, and Prosper Marketplace with the goal […]

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