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The Securities and Exchange Commission just gave unregistered banks a way to quickly raise capital at a fortuitous time and marketplace lending platforms a way to reclaim their peer-to-peer roots.
March 26 -
Lendio, an online lending marketplace for small business, raised $20.5 million of equity capital in a recently completed funding round.
March 24 -
Prosper Marketplace, one of the leading U.S. consumer marketplace lenders, announced $165 million in equity funding from large banks and other investors Wednesday.
April 9
Orchard Platform, an analytics firm that pairs institutional investors with marketplace lending platforms, has launched an investment-manager database.
Matt Burton, co-founder and chief executive of Orchard, said that many of the company's approximately 100 institutional customers have asked for investment manager and fund recommendations, placing the company in the potentially awkward position of playing favorites.
"We're very agnostic" on managers and platforms, Burton said.
So the platform which already maintains the only U.S. consumer marketplace lending index decided to establish a database of investment managers to allow institutions to do their own shopping.
"A lot of the [investment] funds in this space are marketplace lending only," Burton said.
Coupled with the manager listing the platform has also released a white paper entitled "
