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News Roundup

This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.


Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.


Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.


To join our newsletter community please subscribe here.

Asia/PacNews RoundupOnline Lending
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MoolahSense Adds Invoice Financing Product

Singapore-based marketplace lender MoolahSense has added invoice financing; the service will provide another lending product for businesses; the firm's CEO says the product is intended to extend the business services it provides to underserved small businesses; the product will be available for short-term capital needs of up to $15,000 and is expected to target returns of 12% for investors. Source

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EuropeFintechNews Roundup
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Old Mutual Selling Stake in VPC Specialty Lending Fund

Old Mutual has been decreasing its position in the Fund throughout the year and has now reduced it even further; in March 2017 Old Mutual reduced its stake to below 6% and following its most recent move its stake is now less than 4.99%; according to AltFi, the VPC Specialty Lending Fund is the second largest online lending and alternative credit fund with approximately GBP351 million ($456 million); the Fund has been experiencing losses in recent months and the managers have been enacting a share buyback strategy while also shifting its positioning to greater allocation in balance sheet investments. Source

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FintechNews RoundupOnline LendingUSA
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CommonBond’s CEO Talks with American Banker

American Banker talks with David Klein, CEO of CommonBond about the fintech industry and his insight on the effects of a fintech charter; David Klein says company valuations across the industry are more realistic and the industry is maturing with more lending platform investments focused in later round fundraisings; explains the company's technology solution for employers adding student loan payment benefits; notes the company's default rate is zero; says the OCC fintech charter should give fintech companies better competitive market positioning and help to reduce costs.  Source

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News RoundupOnline LendingUSA
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Kroll Bond Rating Agency Provides Ratings for Marlette Funding Securitization

Kroll Bond Rating Agency (KBRA) has provided ratings and released more details on Marlette Funding's Marlette Funding Trust 2017-1 (MFT 2017-1) securitization; the transaction is valued at $257.44 million and includes consumer loans from Marlette; the portfolio includes three tranches rated A to BB; the majority of the loans are contained in tranche A which accounts for 80%.  Source

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