Direct Lending
Follow
Find
1.2K views | +0 today
 
Rescooped by Howard Freedland from P2P and Social Lending: Global Trends
onto Direct Lending
Scoop.it!

Emerald Asset Management acquires P2P company

Emerald Asset Management acquires P2P company | Direct Lending | Scoop.it
Emerald Asset Management acquires direct-lending company
Central Penn Business Journal
Emerald described DLC as a pioneer in investing in loans generated in the new and quickly developing direct-lending (or peer-to-peer) business.

Via P2P Consultants
Howard Freedland's insight:

Emerald have been wonderful to work with and they are extremely committed to the direct lending space.  With the closing of the acquisition, I have become a Principal at Emerald Direct Lending Advisers and will remain actively involved in all aspects of this growing asset class.

more...
P2P Consultants's curator insight, July 19, 2013 6:40 AM

Interesting.

 

First acquistion of a p2p lender by strategic partner

Direct Lending
P2P Direct Lending
Your new post is loading...
Your new post is loading...
Scooped by Howard Freedland
Scoop.it!

Personal Loans vs Credit Cards | Expert Advice from Credit.com

Personal Loans vs Credit Cards | Expert Advice from Credit.com | Direct Lending | Scoop.it
Trying to decide between a personal loan or a credit card for some upcoming expenses? Here is a look at the pros and cons of each from our experts.
Howard Freedland's insight:

"No impact on credit utilization. Personal loans are viewed differently than credit card accounts by many credit scoring models. If your personal loan is listed as an “installment” loan rather than “revolving” credit, it will not be counted in your credit utilization ratio."

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Payoff Finds $250M To Fund Consumer Loans | socalTECH.com

Payoff Finds $250M To Fund Consumer Loans | socalTECH.com | Direct Lending | Scoop.it
Costa Mesa-based Payoff, the consumer finance startup led by Scott Saunders, has scored a $250M commitment from alternative asset manager Marshall Wace, to go towards the company's consumer refinancing and l
Howard Freedland's insight:

The proliferation of platforms offering direct-to-consumer loans continues

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Goldman Sachs Is Entering P2P Lending Becoming the 1st Bank to Launch a Platform - Lend Academy

Goldman Sachs Is Entering P2P Lending Becoming the 1st Bank to Launch a Platform - Lend Academy | Direct Lending | Scoop.it
Goldman Sachs is entering P2P lending.  This is a major milestone for our industry since it marks the 1st bank to enter.  The New York Times posted a lengthy article about Goldman’s plans to launch its online lending platform and compete with top platforms like Lending Club and Prosper. There are many details yet to be …
Howard Freedland's insight:

One more endorsement for consumer and small business lending. Interesting timing given Goldman's recent position as lead underwriter in Lending Club's public offering.  

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

The Lending Startup Goldrush

The Lending Startup Goldrush | Direct Lending | Scoop.it
Lending companies have raised over $1.5 billion in just the last five quarters. International market growth is driving the trend.
Howard Freedland's insight:

Marketplace Lending continues to draw capital from major institutional investors and prominent venture capitalists

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Why Lending-as-a-Service (LaaS) is the Future of Alternative Credit | Revolution

Why Lending-as-a-Service (LaaS) is the Future of Alternative Credit | Revolution | Direct Lending | Scoop.it
Howard Freedland's insight:

Yet a new name for P2P or marketplace lending.  lending-as-a-service (LaaS).

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Intention to Float - London Stock Exchange

Intention to Float - London Stock Exchange | Direct Lending | Scoop.it
Intention to Float RNS - regulatory news service - news
Howard Freedland's insight:

Ranger Capital issues the first public security tied to the direct lending industry.

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

BlackRock Finds Few Peers With $330 Million Book of Online Loans

BlackRock Finds Few Peers With $330 Million Book of Online Loans | Direct Lending | Scoop.it
BlackRock Finds Few Peers With $330 Million Book of Online Loans Bloomberg The company, on behalf of its clients, scooped up more than $330 million of consumer debt arranged since November 2013 by Prosper Marketplace Inc., the so-called...
more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Friends with Benefits - Comstock's magazine

Friends with Benefits - Comstock's magazine | Direct Lending | Scoop.it
Peer-to-peer loan websites easily connect borrower to cash — but will they last?
Howard Freedland's insight:

More and more financial advisers are discovering the benefits of including a portfolio of P2P loans in their clients portfolios.  As the industry grows, it is easier to invest in one of the partnerships that offer a diversified portfolio than to build one from scratch. 

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Are Peer Lending Risks the Old West of Online Loans? Yes! - Peer Loans Online

Are Peer Lending Risks the Old West of Online Loans? Yes! - Peer Loans Online | Direct Lending | Scoop.it
Comparing the peer lending risks with the old west may seem another example of an overused analogy, until you think about it!
Howard Freedland's insight:

Nice overview of the opportunity for direct consumer lending

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

PayPal co-founder aims to reinvent banking

PayPal co-founder aims to reinvent banking | Direct Lending | Scoop.it
Max Levchin wants to attract millennials with a bank they can love rather than loathe.
Howard Freedland's insight:
Direct lending is quickly moving toward instant lending
more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Lending Club Can Be a Better Bank Than the Banks

Lending Club Can Be a Better Bank Than the Banks | Direct Lending | Scoop.it
If Lending Club were a bank, it would look like a risky bank. Fortunately it's not a bank.
more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Peer-to-peer lenders step into vacuum left by banks

Peer-to-peer lenders step into vacuum left by banks | Direct Lending | Scoop.it
The medical bills from Gary Mousourakis' cancer treatment had grown beyond his ability to pay. Medicare and supplemental insurance covered most of the $250,000 tab, ...
Howard Freedland's insight:

yet another positive article on P2P lending

more...
No comment yet.
Rescooped by Howard Freedland from P2P and Social Lending: Global Trends
Scoop.it!

Fitch: P2P Lending's Success Dependent On Borrower Credit

Fitch: P2P Lending's Success Dependent On Borrower Credit | Direct Lending | Scoop.it
Fitch: P2P Lending's Success Dependent On Borrower Credit Business Wire (press release) NEW YORK--(BUSINESS WIRE)--The long-term success of the rapidly growing peer-to-peer (P2P) industry will depend on the relative credit performance of P2P loans...

Via P2P Consultants
Howard Freedland's insight:

P2P (Direct Lending) has made it to the radar screen of rating agency Fitch.  Their conclusion seems to be that while the P2P companies are too new to afford an investment grade or better rating, the underlying loans perform similarly to other unsecured consumer portfolios which have been rated.  As the industry matures and the amount of dollars lent grows, it seems inevitable that pools of P2P loans will eventually be rated by the rating agencies.

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Personal Loans Vs Credit Cards: When To Use A Loan Instead Of Plastic

Personal Loans Vs Credit Cards: When To Use A Loan Instead Of Plastic | Direct Lending | Scoop.it
Personal loans and credit cards are different. Learn the advantages of each and which one is better for your needs.
Howard Freedland's insight:

Basic article on the benefits of personal loans versus credit cards for certain purchases.  "a personal loan can be a more affordable way to finance a large purchase than a credit card"

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Bond Street, An Online Small Business Lender, Announces $110 Million In Funding

Bond Street, An Online Small Business Lender, Announces $110 Million In Funding | Direct Lending | Scoop.it
The financing, which will primarily be used to fund more loans, is yet another sign of the business opportunity in this burgeoning industry.
Howard Freedland's insight:

Another small business lender raises a large war chest.  All of this lending should begin to have a positive impact on the US economy.

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Bryce Mason of P2P-Picks Taking a Job at Direct Lending Investments - Lend Academy

Bryce Mason of P2P-Picks Taking a Job at Direct Lending Investments - Lend Academy | Direct Lending | Scoop.it
Bryce Mason has broken plenty of new ground in this industry. He was the first Ph. D. level statistician to do some serious analysis of the Lending Club and Prosper loan history and share his results publicly. I first heard from Bryce in early 2012 when he shared the results of hundreds of hours of …
Howard Freedland's insight:

Congratulations to Bryce and Brendan.  Bryce has truly been a thought leader in the P2P space and I have no doubt that he will remain one.

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

From Morgan Stanley to Lending Club: John Mack's unusual career path

From Morgan Stanley to Lending Club: John Mack's unusual career path | Direct Lending | Scoop.it
It’s rare that a CEO retires at the end of a long career and then starts working with a company looking to disrupt the business whence he came. But that’s just what former Morgan Stanley CEO John Mack is doing.
Howard Freedland's insight:

"There is a whole marketplace being developed on lending, using the Internet, with no expenses coming from branches"

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Hispanic Community Lender Oportun Planning 2015 IPO

Hispanic Community Lender Oportun Planning 2015 IPO | Direct Lending | Scoop.it
Oportun a consumer lender that focuses on Hispanic communities in the U.S., is preparing for an initial public offering this year, according to people familiar with the matter
Howard Freedland's insight:

The marketplace lending industry continues to broaden as it covers an increasing number of borrowers

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Lendit 2015 Recap: Online Lending Innovation Beyond Just Student Loans

Lendit 2015 Recap: Online Lending Innovation Beyond Just Student Loans | Direct Lending | Scoop.it
Last week, I had the pleasure of attending LendIt, the largest annual conference about online lending, and participating as the moderator of a panel about the student loan market. During the conference, I saw a lot of great presentations about the in...
Howard Freedland's insight:

Highlights from LendIt 2015

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Democratising finance: P2P lenders rebrand and evolve - FT.com

Democratising finance: P2P lenders rebrand and evolve - FT.com | Direct Lending | Scoop.it
Democratising Finance: P2P lending The future of the US peer-to-peer lending industry was decided in a luxurious San Francisco hotel on a spring evening last year. On the sidelines of an alternative-lending conference, the heads of some of the
Howard Freedland's insight:

Interesting view of the industry although I do not agree with the author's conclusion.

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Loans Made in Blink as Investors Vie for LendingClub Clients

Loans Made in Blink as Investors Vie for LendingClub Clients | Direct Lending | Scoop.it
For most of its 107 years, Titan Bank has relied on loan officers to vet borrowers. These days, the Texas bank’s computers make some decisions as fast as employees blink.
Howard Freedland's insight:

Marketplace Lending continues to get great press.  I agree that this is just the beginning for consumer direct lending

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

LendingClub's IPO Looms Over Alternative Lenders Seeking Funds

LendingClub's IPO Looms Over Alternative Lenders Seeking Funds | Direct Lending | Scoop.it
It’s not often one company can have as much impact on an entire industry as LendingClub Corp. will next month.
Howard Freedland's insight:

At this point we have to ask, is Lending Club going to IPO or are they going to merge with Alibaba or Paypal?

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

LendingClub's IPO Looms Over Alternative Lenders Seeking Funds - Bloomberg

LendingClub's IPO Looms Over Alternative Lenders Seeking Funds - Bloomberg | Direct Lending | Scoop.it
LendingClub's IPO Looms Over Alternative Lenders Seeking Funds
more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Funding Circle USA Acquires LeapPay to Speed Loan Approvals

Funding Circle USA Acquires LeapPay to Speed Loan Approvals | Direct Lending | Scoop.it
All online lending platforms have to balance two things: a thorough underwriting process from their end and a quick approval for the borrower. Some companies in the small business lending space ha
Howard Freedland's insight:

Direct Lending continues to become more sophisticated

more...
No comment yet.
Scooped by Howard Freedland
Scoop.it!

Fitch Weighs in on Peer-to-Peer Lending

Fitch Weighs in on Peer-to-Peer Lending | Direct Lending | Scoop.it
The nascent peer-to-peer lending space inched a bit further into the mainstream Thursday when Fitch Ratings became the first major ratings firm to weigh in on the industry.
Howard Freedland's insight:

A summary of the Fitch announcement earlier reviewed.  It is a major step forward that a rating agency is actively tracking the P2P space.  With additional time and a public offering by Lending Club, it would seem that Fitch is establishing the perimeters for a future investment-grade rating.

more...
No comment yet.