Jan 15 2016 Daily News Digest

Lending Times Daily News analysis and data for p2p and marketplace lending
January 15th 2015
Title Description Interest level Publication
How Lending Club's Founder Weathered a Rough Post-IPO Year Renaud Laplanche says he has no regrets about going public, and defends the online lending industry against mounting scrutiny AAA Inc
CIBC CEO: Peer-to-Peer Lenders Can Actually Drive a Wedge But We Won’t Let Them Do That In an interview with Canadian Business, Canadian Imperial Bank of Commerce (CIBC) CEO Victor Dodig touched upon looming competition with online lenders. A Crowdfunding Insider
OnDeck CEO: We Realized the Traditional Banking Model of Waiting 4 to 6 Weeks Wasn’t Optimal (Video) Noah Breslow, CEO of OnDeck (NYSE:ONDK), walked over to the studios of CNBC to talk about their recent partnership with JP Morgan and the future of credit. AAA Crowdfunding Insider
Compass Point Upgrades On Deck Capital (ONDK) to Neutral We are upgrading ONDK to Neutral, from Sell, but are maintaining our $8.50 price target. Our upgrade is driven by two primary reasons: (1) valuation: shares now reflect more reasonable risk/reward at 1.6x TBV; and (2) partnership potential: the JPM white-label technology agreement and potential for additional partnerships open up an additional revenue stream and de-risk the company's earnings profile. B Street Insider
HMRC Explains Income Tax on Interest Earned from P2P Loans "There is a requirement to deduct income tax from certain payments of yearly interest. The HMRC states that whether, or not, the tax must be deducted from a payment depends on the identity of both the borrower and the lender" A Crowdfund Insider
P2P providers shrug off your concerns about new Isa P2P lending is not currently covered by the Financial Services Compensation Scheme. He pointed to research carried out this month, which found 60 per cent of Cash Isa holders were unhappy with their current interest rate and a quarter were already interested in moving to a new Innovative Finance Isa, five months before they even become available. B FT Advisers
Lending Club (LC) Rating Lowered to Sell at Zacks Investment Research Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. B


January 14th 2015
Title Description Interest level Publication
The Peer-to-Peer Loan Industry Has Been Getting Slammed Lending Tree shares down 27.8% after management presentation at conference. "The company told Bloomberg News it was unaware of any reason behind the decline" AAA Bloomberg News
On Deck's 9-Day Plunge Wipes Out Gain From JPMorgan Deal: Chart Analisys of OnDeck stock. A Bloomberg Business
Why LendingTree Inc. Stock Plunged Today LendingTree's puzzling sell-off comes after it raised guidance. OnDeck and LC taking down LendinTree ? A The Motley Fool
Lenders can’t discriminate, but what about investors? Lending Club makes its investors promise not to violate borrower discrimination laws. The majority of the alpha today with Lending Club is with things [they] can’t underwrite on. It’s in fair lending laws. You can’t discriminate on age, sex, race, that’s what [investors] hone in on to optimise their portfolio and slightly outperform.” AAA FT Alphaville
Rating The Obama Years For Small Business Growth It's unclear at all if the president of the Unites States has any real effect on SMB lending. Usually it is just correlation , not causation. B Forbes
Launched: Modalku, Indonesia’s New Marketplace For P2P Lending, To Help SMEs With Crowdfunded Loans Modalku : New P2P Originator in Indonesia ( 250 million consumers) B Crowdfunding Insider
Indonesia’s Mitrausaha launches peer-to-peer funding platform Modalku Other article on Modalku launched , claiming is subsidiary of PT Mitrausaha Indonesia Group C Deal Street Asia
Interview with Andris Rozenbahs, COO of Viventor Showcase of European originator Viventor B
Lending Club (LC) CTO John Macilwaine Sells 25,000 Shares As expected after IPO Lending Club executives are cashing out slowly B EMQ News and Analysis


January 13th 2015
Title Description Interest level Publication
One-Third of Retail Banking Revenues at Risk SAP and Bain study : only 7% of bank processes are 100% digital. AAA The Financial Brand
Is JPMorgan Chase OnDeck Partnership Leading Us Down Another Subprime Hole? Article supports thesis that large banks entering subprime (lending) markets is an early indicator of a down economic cycle B Finance Magnates
Startups Challenge FICO’s Dominanc Fair Isaac Corp Q4 '15 rev was $223m, shares are up 43% in 2 years. However Sofi, Avant, Earnest, Affirm and more don't use it... A Wall Street Journal Blog
China – US Event to Focus on Future of Marketplace Lending Announcing Credit conference in SF on Jan 27 and 28, focused on US-China Marketplace Lending discussion B Crowdfund Insider
Police: Ezubao under suspection of illegal public savings pooling Ezubao investgations, platform shut down for suspected illegal pooling of public deposits B Shanghai Daily
Michael VanErdewyk, ReliaMax CEO, Speaking at 2016 Online Marketplace Cloud Lending Summit Marketplace Cloud Lending Summit in Las Vegas Jan 19 and 20 B PR Newswire
Here’s What You Need to Know to Get Started With P2P Lending How p2p lending works C Student Loan Hero
Platform for fintech startups begins freely publishing 'marketplace lending' data Announces the Orchard Platform free monthly report of industry data AAA New York Business Journal


January 12th 2015
Title Description Publication
Janet Yellen may be P2P's biggest threat P2P lending start-ups such as SocietyOne, RateSetter and MoneyPlace faced the prospect of their new customers returning to the big banks due to higher yields at banks The Sydney Morning Herald
Suspended: Registration Of Internet Finances In Several Chinese Cities In Shanghai and Shenzhen, administrations for industry and commerce have suspended the registration of Internet finance platforms, according to the Beijing Business Today. "prohibiting them from accepting public deposits, pooling investors’ money to fund their own projects, or providing any kind of guarantee for lenders" Crowdfunding Insider
P2P finance exploded in 2015 as loans from Lending Works grew fourfold Lending Works reached the milestone for almost £20m of loans Real Business
My First Bids in Invoice Finance Loans User testing Investly, invoice finance/ invoice discounting p2p bidding system P2P Banking
A deep dive into China’s peer-to-peer lending space with Spencer Li Explaining the Chine p2p culture, size and reasons through an interview with Fincera executive, online financing solution for heavy trucking industry. Alt Fi News
Harmoney board chairman goes, founder returns Boardroom reshuffle at Harmoney in NZ NBR
Zacks Investment Research Downgrades Lending Club (LC) to Sell Deep analisys of who trades what in the Lending Club stock. EMQTV
LendingClub Corporation (NYSE:LC): First Call Analysts Project EPS 0.130 For The Current Year LC stock analisys Vanguard Tribune
FinTech Startups Steal Talents From Wall Street Sofi, Avant, Lending Club, Prosper and more companies attracted top tallent from Wall Street. Analisys of whom and why. Coin Speaker


January 11th 2015
Title Description Publication
Why Lending Club has shunned securitisations Lending Club has not done any securitizations due to liability on representations Financial Times
loanDepot Fundings Surge By 118% In 2015; $60 Billion Funded Since 2010 Loan depot $353m in 6 months of personal loans to 23,000 borrowers and $150m securitization. YoY funding increase by 118% to $29bil Pr Newswire
2016: A Booming P2P Market for Continental Europe? European Marketplace Lending YoY growth 100% Alt Fi
Start-up traction all about easing pain points Discussion of Backed (originator) business plan and strategy Bankless Times
Risky business of P2P lending and a ‘battle we must not lose’ Authorities in several cities including Beijing and Shanghai seized the assets of Ezubo, which had amassed 73 billion yuan from 4.9 million investors. South China Morning Post
Interview with Kelvin Teo and Reynold Wijaya, Founders of Funding Societies New originator in Singapore and SE Asia for SME , Funding Societies. Interview p2p Banking
ThinCats: 1 in 4 to Consider New P2P ISA New tax structure in the UK is expected to increase 4x number of investors in p2p according to ThinCats Crowfund Insider
Lending Works Expects to More than Double in Size in 2016 Lending Works, UK based, 300% growth in 2015 to £20 million in origination.Funding from P2P Global Investments Crowfund Insider
Mambu, The SaaS Banking Platform, Picks Up €8 Million Funding SaaS tech platform for banking raised $8mil from Acton Capital Partners and CommerzVentures. Platform started in 2011 by servicing micro-lenders world wide. Platform provides "complete ‘core’ banking software and infrastructure needed to bring digital-first banking business models to market" Techcrunch
HMRC clarifies P2P tax treatment UK tax update from HM Revenue & Customs . “Consequently, in the period before the government makes any necessary changes to the legislation, interest payments made on P2P loans may be made without deduction of tax,” FT Adviser
New year brings new ways you can maximise your money Explains how P2p lending works and promotion The Guardian
PledgeMe dips toes into P2P pond Crowdfunding platform PledgeMe has set out to offer peer-to-peer (P2P) lending Bizedge NZ
The two faces of the P2P lending market in China The size ($1.5 trillion total assets) and growth pros of the Chinese p2p vs the risk and regulation trade off Crowd Valley Blog


January 10th 2015
Title Description Publication
Reserve Bank of India is Actively Studying Peer to Peer Lending P2P lending is getting hot in India. Crowdfund Insider
Moody's: SME lending landscape will continue to evolve in 2016 Moody's expects marketplace lending platforms to expand in Europe. SME funding diversity increases. Moody's
Lending Club (LC) Insider Scott Sanborn Sells 70,000 Shares Lending Club (NYSE:LC) insider Scott Sanborn sold 70,000 shares, approx 10% of his shares, of the company’s stock in a transaction on Wednesday, January 6th Beanstockd
Let Small Businesses Fuel Job Growth Again Overregulation has already stifled traditional bank lending to small businesses. Regulators should help alternative lenders to SME. Forbes
River & Mercantile Asset Management Purchases $1672000 Shares of Lending Club (LC) During Q4 2015 River & Mercantile bought 151,300 shares. Janus Capital Management now owns 317,337 shares by buying an additional 87,743 shares in the last quarter. Zolmax News
P2P lending offers investors 10% returns but what's the catch? Arguing pros and cons of P2P lending and risks involved The Sydney Morning Herald
Take advantage of online lending platforms Promoting P2P borrowing to customers in India Business Standard


Author : George Popescu

About the author

George Popescu

Serial entrepreneur.

George sold and exited his most successful company, Boston Technologies (BT) group, in 2014. BT was a technology, market maker, high-frequency trading and inter-broker broker-dealer in the FX Spot, precious metals and CFDs space company. George was the Founder and CEO and he boot-strapped from $0 to a $20+ million in revenue without any equity investment. BT has been #1 fastest growing company in Boston in 2011 according to the Boston Business Journal and the only company being in top 10 fastest in 2012-13 as it was #5 in 2012. BT has been on the Inc. 500/5000 list of fastest growing companies in the US for 4 years in a row ( #143, #373, #897 and #1270). After the company sale in July 2014 until February 2015 George was Head-of-Strategy for Currency Mountain ( ), a USD 100 million+ holding company focused on retail and medium institutional currencies, precious metals, stocks, fixed income and commodities businesses.

• Over the last 10 years, George founded 10 companies in online lending, craft beer brewery, exotic sports car rental space, hedge funds, peer-reviewed scientific journal ( Journal of Cellular and Molecular medicine…) and more. George advised 30+ early stage start-ups in different fields. George was also a mentor at MIT’s Venture Mentoring Services and Techstar Fintech in NY.

• Previously George obtained 3 Master's Degrees: a Master's of Science from MIT working on 3D printing, a Master’s in Electrical Engineering and Computer Science from Supelec, France and a Master's in Nanosciences from Paris XI University. Previously he worked as a visiting scientist at MIT in Bio-engineering for 2 years. George had 3 undergrad majors: Maths, Physics and Chemistry. His scientific career led to about 10 publications and patents.

• On the business side, Boston Business Journal has named me in the top 40 under 40 in 2012 in recognition of his business achievements.

• George is originally from Romania and grew up in Paris, France.

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