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Weekly Online Lending Snapshot – February 16, 2018

Online Lending Weekly_snapshot

This week, we thought a good place to start would be checking in on the U.S. Treasury yield curve. Yields climbed after the January Consumer Price Index (CPI) report was released on Wednesday. Scanning the headlines we found: One of the key measures of US inflation just took an Olympic-sized leap, Bond yields spike after hotter inflation signals Fed could be hiking rates for longer than expected, and Understanding the Market’s Confusing Reaction to CPI Data. We’ll be watching for how this may affect Fed interest rate policy and consequently interest rates for lenders.

In other news, U.S.-based Neptune Financial Inc. (NepFin) announced the launch of what may be the first online commercial lending platform to provide loans of up to $60 million to mid-sized businesses. They also announced the close of a $10 million Series A round led by Sands Capital Ventures. Roostify, a lending platform provider focused on mortgages, announced a $25 million Series B round of financing with new investments from Cota Capital, Point72 Ventures, and Santander Innoventures, as well as additional funding from previous investors JPMorgan Chase, Colchis Capital, and others. First Tennessee Bank announced that it partnered with bank technology provider Baker Hill to expand its small business lending offering. Lastly, Forbes released its 2018 Fintech 50 list. Congrats to everyone on this year’s list.

Check out a new study commissioned by the Equipment Leasing & Finance Foundation, “Headwinds, Undercurrents, and Tailwinds: How Equipment Finance Companies Can Learn and Benefit from the Fintech Phenomenon,” that was published last week. Orchard’s own Bill Ullman contributed to the research.

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.

 

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