Monthly News Update- September 2017

In Featured, Industry News by Yulia GnatyukLeave a Comment

Most significant and exciting stories and trends that took place this August in the marketplace lending space – all gathered in one place for you. This month: Prosper becomes Cash Flow positive again, Lending Club reports Q2 revenue growth and Funding Circle forms strategic partnership with Aegon. Please enjoy!

Industry News:

08-01-2017- Fintech’s busiest board member lands another role (altfi)

08-07-2017- Rumour mill churns in US online lending sector (altfi)

08-08-2017- The 10 Biggest Fintech Companies In America (Forbes)

08-08-2017- Report proposes new ways to get people investing (altfi)

08-09-2017- Innovative Finance ISA targets 4% per year return (Your Money)

08-09-2017- Big banks kick small-business lending into high gear (American Banker)

08-14-2017- The Future of Fintech in the City of London (The Market Mogul)

08-17-2017- KeyBank partners with Invesco’s robo-adviser (altfi)

08-18-2017- RateSetter withdraws from the Peer to Peer Finance Association (altfi)

08-20-2017- Tech Banks: Will Fintech Dethrone Traditional Banking? (deBanked)

08-21-2017- My Quarterly Marketplace Lending Results – Q2 2017 (Lend Academy)  

08-23-2017- Make friends with fintech: Bankers lobby (altfi)

08-23-2017- Online Lenders Featured in the Inc. 5000 (Lend Academy)  

08-25-2017- Why P2P is still the crowd despite passive lending (altfi)

08-28-2017- 3 Keys To Earning Up To 7% With Peer-To-Peer Lending (Forbes)


Platform News:

08-07-2017- Fintech lender OnDeck to expand JPMorgan Chase partnership (altfi)  

08-07-2017- LendingClub Shares Soar 13% on Smaller Loss (Forbes)

08-07-2017- LendingClub Reports Q2 Revenue Growth, Raises 2017 Outlook (Crowdfund Insider)  

08-08-2017- ThinCats gains full FCA authorisation, plots IFISA launch (altfi)

08-08-2017- LendingClub: Beleagured No More (Seeking Alpha)

08-14-2017- The 10 largest P2P and marketplace lending deals of Q2 2017  (altfi)

08-14-2017- Prosper Progress: Online Lender Reports Strong Q2 Growth, Closes $500 Million Securitization (Crowdfund Insider)  

08-14-2017- Prosper Reports Strong Q2 Numbers – Is Cash Flow Positive Again (Lend Academy)

08-15-2017- Largest Lender: Funding Societies is First P2P Lender to Join International Association of Credit Portfolio Managers (Crowdfund Insider)

08-16-2017- Fintech lender TruePillars has bagged A$5 million in a series A round, led by an unnamed Melbourne investor (altfi)

08-17-2017- Marketplace lender Funding Circle forms strategic partnership with Aegon (altfi)

08-17-2017- ApplePie Capital Announces Extensive Partnership Details With Fifth Third Bank (Crowdfund Insider)  

08-21-2017- Funding Circle to Launch New Version of Autobid & Autosell Lending, Investors Will No Longer Be Able to Choose Single Loans (Crowdfund Insider)  

08-22-2017- Online lender Zopa’s revenue jumped 60% last year (Business Insider)

08-29-2017- Marketplace lending platform Funding Circle cuts off smaller brokers (altfi)

08-29-2017- SoFi sees consumer loans growth (altfi)

08-30-2017- P2P lender LendingCrowd extends cashback offering (altfi)

08-31-2017- Peerform is Back With an Interesting New Investment Partner Random Forest Capital (Lend Academy)

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