In News Roundup


2015 was a huge year for marketplace lending – and not only because Herio came onto the scene at April’s LendIt conference. Loan origination doubled from 2014, totaling near $15 billion dollars in volume, a number of players went public, big banks began dipping their toes in the FinTech pool – and all evidence indicates that things won’t be slowing down any time soon.

With 2016 officially underway, conjectures for the year ahead are pouring in. Here’s a roundup of the latest predictions for 2016:

Lend Academy’s Marketplace Lending Predictions for 2016
Lend Academy Founder Peter Renton dusts off his crystal ball and forecasts a number of big predictions, including five industry IPOs, the acquiring of a U.S. platform by a Chinese company, and the conjecture that three large banks building marketplace lending platforms in the coming year.

GlobalCapital Predicts U.S., European P2P Markets To Take Bigger Strides in 2016
Sasha Padbidri also predicts big institutional players will jump into the space in 2016 and asserts that there will be more self-regulation in the wake of the Madden v. Midland Funding ruling. Padbidri also examines the European lending landscape for the year ahead.

American Banker’s New Finance Predictions for 2016: Banks and Disruptors Are Better TogetherFinally, Robert Schiff and Paul Breloff suggest that banks and FinTech disruptors will work closer together in 2016 to pool resources, technology, and ideas to achieve “meaningful reach” to Americans.

We’re excited to see what predictions pan out for 2016, and can’t wait to contribute more to the industry’s growth!

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