LendingClub Hires Wall Street Executives for Investor Office

LendingClub Corp. hired a pair of Wall Street executives to strengthen relationships with investors.


Goldman Sachs New Online Lending Platform Will be Called Marcus

The New York Times is reporting that the new consumer lending platform from Goldman Sachs will be called Marcus and will launch in October.


Avant Secures $255 Million

Avant Secures $255 Million Asset-Backed Securitization Led by J.P. Morgan, Credit Suisse and Morgan Stanley and Renews $392 Million Warehouse Facility.


“Alternative lenders are here to stay,” says Deloitte report

A report by Deloitte and AIMA on the $560bn private credit market hails alternative credit as a “quiet revolution” in the way that companies secure funding.


Major marketplace lenders in talks to secure billions in loan purchasing deals

Prosper is said to be discussing a $5bn loan purchasing agreement, with Lending Club rumoured to be exploring a similar deal for $1.5bn.


UK P2P lending will reache £16 billion by 2020

BI Intelligence forecasts that UK P2P lending will grow at a 45% five-year compound annual growth rate, reaching £16 billion ($23 billion) by 2020.


IPO on horizon, lending startup Elevate adds $545M in credit from Victory Park Capital

With an IPO on the horizon, subprime lender Elevate will have an additional $545 million credit faculty to support its growing customers.


Prosper Said to Pitch Fund That Would Buy Its Online Loans

Prosper Marketplace Inc. is setting up a private fund that will purchase consumer loans arranged through its online platform.


CommonBond Raises Over $300M, Announces Acquisition

CommonBond, one of the major players in online student loans announced their Series C equity round. The total raise, which is over $300 million includes both equity capital as well as capital to fund loans.