Marketplace Lending

Fifth Third Bank/ApplePie Capital Deal Great, But Bank Deals For Many Other Business Lenders Still a Pie in the Sky

December 13, 2016
Article by:

Apple Pie

Fifth Third Bank is buying a stake in franchise marketplace lender ApplePie Capital as part of a $16.5 million venture round, the WSJ reported. The prediction that non-banks are evolving into banks is slowly coming true, but will the trend in the commercial space continue? Consider that ApplePie has only made 120 loans over the […]

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Alternative Funders Bid Adieu to 2016, Show Renewed Optimism for 2017

December 12, 2016
Article by:

Goodbye 2016

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE After getting pummeled in 2016, many alternative funders have licked their wounds and are flexing their muscles to go another round in 2017. “The industry didn’t implode or go away after some fairly negative headlines earlier in the year,” […]

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New deBanked Magazine Issue is On The Way

December 7, 2016
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deBanked Magazine Array With November/December Surprise

The Nov/Dec issue of deBanked magazine is on the way! Can you guess who is on the cover? Hint: his face is blurred out in this image so you can’t cheat! This edition closes the end of 2016, celebrates the journey of an industry veteran, recaps late fall conferences, and reveals new clues and details […]

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Is Marketplace Lending Really Just Westworld?

December 5, 2016
Article by:

westworld

If you haven’t watched HBO’s new flagship TV show Westworld, my analogy may have some broad spoilers so you might want to look away. Also, you should start watching the show. In a world controlled by banks, people can visit a world where the hosts looks like banks but aren’t. They’re non-banks with bank-like attributes […]

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Goldman Sachs Goes After Online Lenders With Video Ads

November 25, 2016
Article by:

Goldman Sachs

“No fees. Ever,” states one of Marcus’ new video ads. Marcus is Goldman Sachs’ new online consumer lending division and the value proposition is pretty compelling. Most other online lenders for example, strongly rely on origination fees, but Marcus doesn’t charge them nor any other kind of fee. View their four campaign videos below:

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Don’t Write Off Marketplace Lending Just Yet; Silicon Valley Just Made a Big Bet

November 18, 2016
Article by:

PeerStreet CEO and COO

PeerStreet has funded over $165 million in loan investments with $50 million in returns to investors and has 50 lenders on the platform.

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Prosper Files 10Q, Revenues and Originations Shrink

November 17, 2016
Article by:

Prosper Marketplace

The slight delay with Prosper’s 10-Q filing is over. The company originated $311.8 million in loans in Q3 versus $445 million in the previous quarter. Revenues were $24 million, down from $28 million in Q2. The filing delay was said to have been attributed to a recent arbitration decision. That decision and financial impact were […]

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The Season Finale of Alternative Lending Has Everything You’d Expect

November 17, 2016
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Season Finale of Alternative Lending

This month kicked off what appears to be the first segment of the 2016 two-part season finale of alternative lending. So far, it has everything you’d expect, a main character gets killed off, another simply won’t be returning next season, a wedding, a scandal and even a cliffhanger! So in that precise order, here’s what […]

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The Infant Startup that Swooped an Erstwhile Industry Leader

November 16, 2016
Article by:

Peer to Peer

It’s not very often that an infant upstart comes by and swoops up an erstwhile industry leader. While new to the scene, Versara Lending is a New York City-based debt consolidation lender that has already acquired Peerform, one of the early P2P lending marketplaces run by Wall Street credit broker Mikael Rapaport. The company confirmed […]

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The Status of Prosper Marketplace???

November 16, 2016
Article by:

Prosper Marketplace

Loan investors will have to wait even longer to find out if the resignation of Prosper’s chief executive on Monday holds special significance. That’s because on Tuesday the company informed the SEC that they would be filing their 3rd quarter results late. They were unable to complete the report in a timely manner, according to […]

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