marketplace lending

Marketplace lending RIP?

Once banks master financial technology, the marketplace lending industry is in deep trouble, Jean-Cedric Jollant believes. And the bad news is that’s starting to happen. Mr. Jollant is senior product officer at Misys, a financial service software company with more than ...

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Learning from online lending’s stumble

“For online lending to regain its footing, it must address the risks inherent in the emerging asset class and clean up the ecosystem.” Online lending had enjoyed significant wind in its sails over the past five years. Aided by the ...

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Money360 strengthens senior leadership

Commercial real estate marketplace lender Money360 has added two people to its management team. Prathit V. Thaker is the new Chief Risk Officer, where he will be responsible for the enterprise risk framework to assess and mitigate credit, market, operations, ...

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Looking Glass Investments hires CTO

Fixed-income alternative investment firm Looking Glass Investments has hired Brad Darnell its Chief Technology Officer effective Feb. 22. He will focus on platform development, data management and technical support. It should be a simple transition as Mr. Darnell has served ...

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Bondora opens API

Estonian marketplace lender Bondora has made its Application Programming Interface (API) available to retail and institutional investors throughout Europe. Not only will Bandora benefit from the move, but the entire peer-to-peer lending industry will be strengthened as multiple third party ...

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Canadian fin-tech LendingArch announces hire

New Canadian marketplace lender LendingArch has named Paul Hadzoglu its Head of Credit and Risk. He reports directly to founder and CEO Arti Modi. “Here at LendingArch, we have an incredible opportunity to build a new type of lending platform ...

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Patch of Land sells $250 million in loans

Online real estate marketplace lender Patch of Land has agreed to sell $250 million of loans to East Coast Credit Fund in what is the fund’s first marketplace lending transaction. “We are thrilled to announce this important milestone for the ...

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Bizfi has record Q4

Bizfi ended 2015 on a high note. The online alternative funding marketplace originated more than $142 million in business financing in the fourth quarter, the company’s best quarterly performance to date. Since its inception in 2005, Bizfi has provided more than ...

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