Around the world
Forbes interviewed Matt Burton, the CEO of Orchard. His firm empowers marketplace investors by aggregating data across more than 20 P2P firms. The company is growing at incredible speed. This pace illustrates the need, on the part of the investors, to gain accurate insights and transparency. “Investors not only need access to data, but they need to trust that the data is of a high quality,” remarked Burton.
The Washington Post published an article revealing that “The mortgage market is dominated by non-bank lenders.” The author explains that “In 2011, 50 percent of all new mortgage money was loaned by the three biggest banks in the United States: JPMorgan Chase, Bank of America and Wells Fargo. But by September 2016, the share of loans by these three big banks dropped to 21 percent.”
Entrepreneur discussed four trends impacting online business lending. The author argues that while the industry is changing it will undoubtedly continue well into the future. The author also predicts that business offerings will grow, bank partnerships will form, self-imposed regulations will develop, and government regulations will deepen.
Spend Matters Network discussed the solutions available to small businesses seeking loans. Marketplace lenders are increasingly offering faster and less expensive ways to fund small business operations. As a result, analytic firms have developed to help these businesses determine which marketplace lender is right for their needs.
Huffington Post cited marketplace lending as one of aspect of “6 Ways to Make (Legit) Money While You Sleep.” Over the years the industry has become more accessible to investors. Rightfully, the author encourages potential investors to research the expected returns.
Our founder and CEO, Pärtel Tomberg, shared his views on Borse Online. Partel discussed how Bondora is designed to unite groups of borrowers and lenders which results in better terms and higher returns.