Feb 18th 2016 News Digest Lending Times


Bankers encouraging other bankers about partnering with alternative lenders.
After 6 weeks 2016 is a very different year then 2015.
Zopa launching standard products.
CashCall vs Maryland and implications.

Feb 18th 2016
Title Description Interest level Publication
How to Understand and Partner with Marketplace Lenders Bankers encouraging other bankers about partnering with alternative lenders AAA ABA Banking Journal
Temporary Jitter or Trouble Ahead? Orchard Says 2016 is Different for Marketplace Lending David Snitkof, co-founder and data guru at Orchard, states that after only 6 weeks in – 2016 is a very different year than months prior. Snitkof points to the unemployment rate, a data point that is ostensibly at a multi-year low. But this key indicator must be balanced with the labor force participation rate – a number that has been in decline for quite some time as a growing number of individuals simply give up on finding a job. “[This] indicates that part of the reason for the decrease in unemployment is not only due to an expanding job market, but also due to decreased participation in the labor force.” AAA Crowdfund Insider
US Platforms Looking To Raise Capital In The UK – The Next Big Thing While there are an order of magnitude more fund in the US the steady drumbeat of rumours about US marketplace lenders looking to access UK markets is getting louder. Makes us wander why this is ? AAA Alt Fi News
Zopa Unveils Zopa Classic, Zopa Access and Zopa Plus Zopa Classic (4-5%) – Safeguard lending , Zopa Access (3-4%) – Safeguard lending with fee free easy access , Zopa Plus (6 -7%) – Non-Safeguard lending, some added risk with higher returns AAA p2p Banking
Alt finance banks on P2P and crowdfunding for continued UK growth The research found that the UK online alternative finance industry grew by 84% to £3.2bn in 2015, from £1.74bn in 2014. This is compared to year-on-year growth between 2013 and 2014 of 161%. A CBR Online
QuidCycle is a P2P Lending Service That Can Help You Pay Off Your Debt for Less Announcing another p2p unsecured personal lender B Life Hacker
Official delays could put tax-free peer-to-peer Isas on hold The three biggest peer-to-peer providers have flagged concerns that they may not receive regulatory approval in time A The Telegraph
Oleg Boyko’s Finstar Financial Acquires 51% of P2P Lender Prestamos Prima Moscow-based Finstar Financial Group has acquired a controlling stake (51%) in Prestamos Prima. According to the company, Prestamos Prima has been operating in the non-bank lending and alternative finance market, specifically Spain, since 2012. Prestamos Prima operates Viventor, a peer to peer investing platform open to European investors. A Crowdfund Insider
Marketplace Lending Developments in Maryland, California and Pennsylvania CashCall, Inc. and Marketplace Lending in Maryland. On October 27, 2015, the Court of Special Appeals of Maryland upheld the finding of the Maryland Commissioner of Financial Regulation (Maryland Commissioner of Financial Regulation v. CashCall, Inc.)1 that CashCall, Inc. (“CashCall”), a California based online consumer lender, engaged in the “credit services business” without a license in violation of the Maryland Credit Services Business Act (“MCSBA”). The violations were the result of CashCall assisting Maryland consumers in obtaining loans from federally insured out-of-state banks at interest rates that would otherwise be prohibited under Maryland usury law. AAA JD Supra Business Advisor
A Quarter Billion Institutional Credit Will Not Deter Patch of Land’s Commitment to the Crowd Some Patch of Land users are probably wondering if this was the beginning of the end as smaller (accredited) investors are pushed out while big money rolls in. The answer is no. A Crowdfund Insider
The Rise of Marketplace Lenders (Podcast) Ryan discusses how bloated cost structures, deteriorating credit portfolios, and new regulatory burdens for banks in the wake of the financial crisis opened the door for online, “shadow” lenders like Kabbage, Lending Club, Funding Circle, and Avant. The two editors also discuss why online lenders can make loans to small businesses when banks can’t; how these lenders determine creditworthiness; and whether or not these lenders will survive an economic downturn and increasing regulatory pressures. A CFO
Financing Growth as an Amazon Marketplace Seller Financing options for Amazon shops. Very interesting ! AAA Crowdfund Insider
Prosper Marketplace Boosts Rates on Consumer Loans Old news B Nasdaq
Ahead of Innovative Finance ISA, Zopa Launches Three New Lending Options Zopa Access Safeguard lending – Yes Returns – Around 3-4% after expected defaults Access – No fee to sell loans ISA eligible – Yes Zopa Classic Safeguard lending – Yes Returns – Around 4-5% after expected defaults Access – 1% fee to sell loans ISA eligible – Yes Zopa Plus Safeguard lending – No Returns – Around 6-7% after expected defaults Access – 1% fee to sell loans ISA eligible – Yes AAA Crowdfund Insider
Join the SME lending revolution “Once an oligopoly, there are now more than more than 20 key players in Australia’s lending market. Many are concentrated in the SME lending space, where we have arguably seen the most disruption. A Australian Broker
Ratings Round Up: LendingClub Corporation (LC) The shares of LendingClub Corporation (LC), currently has mean rating of Outperform. 6 analysts have recommended the shares as BUY, 4 recommended as OUTPERFORM and 5 recommended as HOLD. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell. A CWRU Observer
Trending Stocks on the Watch List: Kinder Morgan Inc (KMI), LendingClub Corp (LC) The Company jumped 4.57% and is at $8.23 in the Real-Time trading session. Trading volume recorded for this company is about 6.39 million shares as compared to its average volume of 7.72 million shares. The share price rushed almost 6.47% in the last one month. The stock is ranging from $7.90 to $8.46. The company has the total of 377.86 million outstanding shares right now, while its market capitalization is about $3.48 billion. A News Oracle


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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