Marketplace Lending News Roundup – July 7

During the week I share the most recent marketplace lending and fintech news on Twitter as it takes place. Every Saturday I take the most interesting news products and blog posts from the past week and share them here.

Zopa Announces ₤ 1.5 Million Revenue; Profits Raise By 40% to ₤ 46.5 Million from Crowdfund Expert– The original p2p loaning platform Zopa has actually announced a return to profitability even as it grows its lending business by 43% and prepares for a banking license.

SoFi Elects Peggy Alford & Magdalena Ye?il to Board of Directors from Crowdfund Expert– On Tuesday SoFi announced the consultation of 2 brand-new board members.

JPMorgan developed an online bank for millennials, and it needs to have apps like Acorns and Stash anxious from Organisation Insider– Good profile of Finn by Chase, an online bank developed for millennials that is surprisingly good.From the Provide Academy Online Forum The Lend Academy forum is where financiers go to go over p2p loaning. Below are some topics that were being discussed today. Greater Rates of interest– LendingClub just recently raised rates about 0.50%across loan grades. New Platform– Financiers talk about some changes that have been made to LendingClub’s user interface. Balance Drop Without Activity– Financiers go over the timing of when healings and associated activity/charges along with charges are reported on LendingClub accounts.

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