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799

How will marketplace lending become a mainstream investment asset class?

By Min Zhang for Techcrunch.com

A friend who recently started his own business couldn’t obtain a mortgage from three banks. I suggested he try marketplace lending platforms like SoFi to take advantage of the ongoing innovation in fintech. However, SoFi turned him down, as well, because it abides by the same underwriting rules as traditional banks. Like the banks, SoFi sells their mortgage loans to Fannie Mae. (more…)

Cashless, Fintech news, InspirAsia, p2p/online lending

May 23, 2016

895

The CEO of fintech company Lending Club is stepping down, and now the stock is crashing

By Myles Udland for Business Insider

Lending Club CEO Renaud Laplanche is stepping down from his position with the company after an internal review. (more…)

Fintech news, Hotnews, p2p/online lending

May 9, 2016

1047

Fintech Flip-Flop

By Nisha Gopalan for Bloomberg Business

Few words fill banks with more dread these days than fintech, the growing bevy of unregulated upstarts mucking about in their business patch. (more…)

Deals, Government activities, Hotnews, p2p-payments, p2p/online lending

May 6, 2016

1070

Lending Startups Hone Their Focus

By Telis Demos for WSJ Venture Capital

Silicon Valley once threw money at startups that aimed to disrupt broad swaths of finance. Now it is rewarding those that have sharpened their focus. (more…)

Analytics, Fintech news, Global trends, Government activities, p2p-payments, p2p/online lending

April 27, 2016

1262

Venture-Capital Firms Dial Back on Fintech; Funding to Online Lenders Plunges

By Yulia Chernova for WSJ Venture Capital

Financial technology startups, which are highly susceptible to broader economic turbulence, have hit a downdraft in venture capital funding. (more…)

Fintech news, Global trends, p2p/online lending

April 26, 2016

1440

Peer-to-peer lending: Making a mark in the fintech market

By  for Financial express

A lack of market depth could derail the P2P model (more…)

Cashless, Fintech news, Global trends, p2p/online lending

April 19, 2016

1166

Making sense of the lending industry’s rapid changes

By Mike Lobanov for Techcrunch

“A horse is here to stay, but the automobile is only a novelty — a fad.” (more…)

Analytics, Fintech news, Global trends, p2p/online lending

April 18, 2016

1128

Is Regulation Coming to Online and Marketplace Lending?

By Mark Prosser for Forbes

The rapid growth of alternative and marketplace lenders is often attributed to the fact that they don’t face the same strict regulations as banks. But could that change soon? In the last nine months, regulatory tremors have rippled through the online lending space. (more…)

Banks, Cashless, Deals, Fintech news, Global trends

April 12, 2016

817

Fintech Lenders Dial Back Marketing in Response to Softer Investor Demand

By PETER RUDEGEAIR and TELIS DEMOS for Wall Street Journal

Online lenders are scaling back efforts to attract new borrowers, as these upstarts contend with pressures from quality control to regulation that could dent their revenue growth.

(more…)

Global trends, p2p/online lending

April 11, 2016

898

Deals: Online lender Kreditech closes out Series C at $103M after getting $11M from the IFC

By Ingrid Lunden for techcrunch.com

Kreditech — the German startup that offers loans and other financial services to consumers who have little or no credit history by using some 20,000 data points online to assess their suitability — has added another $11 million (€10 million) to its Series C round of funding. (more…)

Deals, Fintech news, Global trends, p2p-payments

March 24, 2016

2218

Online Lending

For centuries, banking has remained fundamentally unchanged. For the first time in banking, the online marketplace makes it possible for a third party to match idle supply and demand. As a result, lenders and borrowers can now find one another and agree to terms – all without the involvement of retail banks or credit card companies. 

Read our full research “Money of the Future”. Download PDF (20MB)
(more…)

Cashless, Fintech news, Global trends, Hotnews, p2p/online lending

March 24, 2016

1277

How China is pioneering alternative finance and P2P lending

By Hariett Green for City AM,

The Asia-Pacific alternative finance market grew 323 per cent last year, to $102.8bn. China was responsible for 99 per cent of that, with four-fold growth to $101.7bn in 2015. (more…)

Banks, Cashless, China, Fintech news, Global trends, p2p-payments, p2p/online lending

March 18, 2016

1339

China’s P2P Property Lending Growth Six Times Faster Than Banks

By Alfred Liu for the Bloomberg Business,

Peer-to-peer lending for property in China grew more than six times faster than loans extended through banks last year as borrowers took advantage of a less-regulated financing market to take part in the nation’s real estate boom. (more…)

Banks, Cashless, China, Fintech news, InspirAsia, p2p/online lending

March 16, 2016

1884

A New Kind of Lender: Borrowing From PayPal and Square

By Riena Lisonsky for Fundera Ledger,

When you’re a small business owner seeking capital, being able to get financing from a source you know and trust is a big plus. Two popular payment-processing services that many small business owners rely on now offer small business loans, too. Here’s a closer look at business loans from PayPal Working Capital and Square Capital. (more…)

Cashless, Fintech news, p2p/online lending

March 9, 2016

1853

KPMG report: Innovative finance

Traditional finance business models are being crunched by macro-economic events, but KPMG sees opportunities ahead (more…)

Analytics, Banks, Fintech news, Global trends, news

March 4, 2016

1506

Why China’s fintech will change how the world thinks about banking

By Zennon Kapron for Forbes

With digitalization and FinTech high on the banking agenda, the disruption of financial services looks like a given. The question, however, is where will the real change come from. Will it be blockchain, real-time settlement, the highly competitive payment space, crowdfunding, or P2P lending? (more…)

Analytics, Fintech news, news, SME

March 2, 2016

1075

Kreditech: A credit check by social media

By Jeevan Vasagar for Ft.com

The analysis begins with the first keyboard strokes of a borrower seeking a loan on Kreditech’s site, gathering clues about personality and identity — such as whether someone types in their name or pastes it in. (more…)

Analytics, Fintech news, p2p/online lending

February 24, 2016

734

Loanzen goes where banks fear to tread, helps startups with short-term loans

By Malavika Velayanikal for techinasia.com

One of the pain points for startups in India is lack of access to credit. The usual collateral and other requirements of banks are beyond their means. Banks are also more attuned to financing traditional businesses, not the asset-light, fast-growing internet businesses of today. (more…)

China, Fintech news, InspirAsia, p2p/online lending

February 24, 2016

661

Deals: Latvia’s Mintos scores €2M investment for P2P loans marketplace

By Steve O’Hear for Techcrunch.com

Latvia’s , a fintech startup that operates a p2p loans marketplace to let investors invest in various loans from a growing number of loan originators, has raised €2 million in seed funding. Backing comes from Riga-based VC Skillion Ventures. (more…)

Cashless, Deals, Fintech news, p2p/online lending, SME

February 23, 2016

Deals: Student microlending startup Buddy raises $500k from Tracxn Labs, Blume and others

DealStreetAsia: Bangalore-based student microlending startup, Buddy, has raised a Pre Series-A funding round of $500,000 from Blume Ventures, TracxnLabs and angel investors.

(more…)

Deals, Fintech news, news, p2p/online lending

February 15, 2016

663

China’s P2P lending crisis: second major bank pulls support for payment to P2P lending sites

By C.Custer for TechinAsia.com

On Monday, I wrote that the high-profile Ezubao Ponzi scheme case was likely to have a negative impact on China’s entire P2P lending industry. It looks like that’s already happening. On Wednesday, Sina Tech reported China Merchants Bank has notified third-party e-payment platforms that starting Friday, it will no longer support payments to P2P lending services. (more…)

China, Fintech news, InspirAsia, p2p-payments, p2p/online lending

February 4, 2016

China’s Biggest Ponzi Scheme Shows Rot in Internet Financing

By Bloomberg news,

Almost overnight, Ding Ning and Zhang Min struck it rich with the hot new thing in Chinese finance. In 18 short months, they transformed an old-line industrial company into an Internet phenomenon through the seeming magic of peer-to-peer lending. (more…)

China, Fintech news, InspirAsia

February 3, 2016

731

LendUp Scores $150M For A Credit Card That Won’t Screw You Over

By Josh Constine for Techcrunch.com,

Banks are so greedy that LendUp can undercut them, help people avoid debt, and still make a profit on its payday loans and credit card. Not only is software eating finance, but morality is too.

(more…)

Cashless, Fintech news, p2p/online lending

January 22, 2016

Deals: BlueVine Raises $40 Million To Help Small Businesses With Cash Flow

By Katie Roof for Techcrunch.com,

Another big bet on fintech, Palo-Alto based BlueVine has raised $40 million to provide credit lines for small businesses. The round is led by Menlo Ventures, with participation from Rakuten, Lightspeed and 83North. (more…)

Deals, Fintech news

January 20, 2016

Kabbage Vs. OnDeck: Which is Best for Your Small Business?

By Rieva Lesonsky for Fundera Ledger,

If you’re a small business owner trying to secure a small business loan, the good news is you have more options available to you than ever before. In fact, sometimes you might feel as if you have so many choices, it’s hard to determine the best source of financing. In this article, I’ll try to help out by taking a closer look at two very popular alternative financing sources, Kabbage and OnDeck, and when it comes to Kabbage vs. OnDeck, how they differ.  (more…)

Fintech news, SME

January 9, 2016

602

Deals: CommonBond Picks Up $275 Million In New Lending Capacity

By Jonathan Shieber for Techcrunch.com,

The online lending market continues to generate heat in the financial services sector as student lending service CommonBond rakes in another $275 million in available lending capital. (more…)

Deals, Fintech news

January 5, 2016

Amazon is offering customers loans — and high street retailers should be worried

By Max Slater-Robins for Business insider magazine,

Amazon UK is now offering a monthly pay-back option on items worth over £400 ($590),according to the company’s website. (more…)

Analytics, Cashless

January 4, 2016

Beijing-based P2P lending platform completes million dollar financing

By Wendy Tang for AllchinaTech.com

Junrongdai.com, a Beijing-based peer-to-peer (P2P) lending platform, has completed its first round of funding of about a dozen million USD from Chun Xiao Capital on Tuesday, Sina Tech reported. (more…)

China, Deals, Fintech news

January 2, 2016

2283

Unbanked Stories: Thai, Myanmar, Mexico, Bangladesh, and the Philippines

E27.CO: Philippines-based fin-tech startup LoanSolutions has raised an undisclosed round of funding from a group of international investors led by KK Fund, with participation from other venture capitalist funds and angel investors, including Kickstart Ventures and John Dang, CEO of Zipmatch. (more…)

InspirAsia, Myanmar, Philippines

July 6, 2015

1274

Measuring Your Financial Health Beyond The Credit Score

TechCrunch: The credit score has become a ubiquitous way to assess someone’s credit-worthiness. It is used in a host of underwriting decisions and background checks, from mortgages to auto to business loans, apartment rentals and even employment candidacy. (more…)

Analytics, Global trends

July 5, 2015