We’ve hit the middle of the summer and the news isn’t letting up! Here are the most interesting articles from this week:
Santander Could Vouch for Loans (Asset-Backed Alert, July 17, 2015) Santander intends to sponsor the second rated p2p consumer loan securitization.
U.S. Treasury Looks Into Online Marketplace Lending Industry (WSJ, July 16, 2015) The US Treasury is looking to study the benefits and risks of marketplace lending, which underscores the growing importance of the industry.
Upstart Closes a $35M Funding Round Led by Third Point Ventures (Lend Academy, July 16, 2015) Upstart closes their largest funding round yet.
Credit Benchmark Raises $20m in Series B Financing Led by Balderton Capital (Business Wire, July 15, 2015) Great news from Credit Benchmark about their recent funding close and US expansion.
Pave Goes Nationwide with Lending Targeted Towards Millennials (Crowdfund Insider, July 14, 2015) After a successful NYC pilot program, this platform will take its consumer lending business national.