Those of us interested in marketplace lending have recently observed many pejorative headlines about P2P lending platforms, which mostly reported on Lending Club’s recent difficulties, but also crit
What a difference a year makes. In 2015, Lending Club was a marketplace-lending leader with a $7 billion market cap, and the media was heralding the approaching tech-enabled lending revolution. Now, w
From my desk at Bear Stearns, where I’d traded mortgage-backed securities for years, I watched as the financial and housing markets crashed in 2008. A few months later, there was no Bear, and my new
A friend who recently started his own business couldn’t obtain a mortgage from three banks. I suggested he try marketplace lending platforms like SoFi to take advantage of the ongoing innovation in
At the end of 2015, Canaan hosted its first FinTech Central event, which included a panel that had leaders from across the marketplace lending originator ecosystem. A marketplace lending originator is
In March 2014, The Economist published Banking without banks, declaring that peer-to-peer (P2P) lending platforms were set to disrupt banks and other traditional sources of capital by directly conn