Weekly Online Lending Snapshot – April 6, 2018
WSJ reported financial-technology firm GreenSky LLC has confidentially filed paperwork with the Securities and Exchange Commission for a sizable initial public offering that could come as soon as this summer. US-China trade war caused volatility to the US equity market but likely a blip for US economy if trade battle does not escalate. LendingClub has settled with the Massachusetts banking regulator to the tune of $2 million over claims that the lender made unlicensed loans in the state.
In other news, Ondeck announced a proposed private offering of $225 million in aggregate principal amount of Series 2018-1 Fixed Rate Asset-Backed Notes. Liquid FSI, a direct lender and creator of the Convert2Pay platform, which provides on-demand payment for medical invoices, added Barry Blecherman to its Board of Advisors. Mosaic filed documents with the Securities and Exchange Commission for Mosaic Solar Loans with Deutsche Bank and BNP Paribas as the banks on the deal. LendingHome on Thursday announced a second consecutive spot on the HousingWire Tech100 list, which recognizes the most innovative technology companies in the U.S. housing economy. Sunlight Financial raises $225M for residential solar loans.
Note that this report is updated as of Thursday’s market close to ensure we can get it to you before the weekend. Please contact us with any feedback or suggestions you may have for future snapshots.