As young financial technology companies continue to attract increasing amounts of venture capital funding, investment bankers are expecting deals.
Social Finance Inc., the four-year-old online lender that’s said to be in talks to raise about $800 million in a new round of capital, is getting top ratings for the first time on securities backed by its student loans.
Funding Circle, one of the UK’s biggest peer-to-peer loan providers, is seeking to raise £150m for the launch of an investment trust later this year, becoming the first P2P platform to float its own fund.
Marketplace lending — also known as peer-to-peer lending — is a general description for online lenders that use cutting-edge proprietary algorithms and more efficient processes to extend credit.
Last week a new player emerged on the marketplace lending scene. A Form N-2 registration was filed with the SEC by Van Eck Overland Online Finance Trust to form a new, publicly traded closed-end fund.
If you want peer-to-peer lending to hit a mainstream audience, it’s important for the existing massive network of financial advisors to have access to the stream.
Goldman Sachs is going to get into the online lending business. Is this a good move?
The Treasury Department’s notice and request poses 14 detailed questions to gather public information concerning the role of marketplace lending in the financial services industry.