On Wednesday of last week Banking Technology<\/a> reported on a new event called \u201cStartupbootcamp\u201d which aims to help emerging FinTech businesses. The organization received 400 applications from 61 different countries. Many of the players on the field were focused on marketplace lending.<\/p>\n The Financial Express<\/a> reported on the cash strapped population in India. The currency situation has necessitated alternative funding sources. As a result, \u201cP2P lending is likely to gain ground.\u201d<\/p>\n Forbes<\/a> reported on the continued growth of the FinTech world citing that \u201cBetween the years 2010 to 2016, investments in the Fintech sector jumped. From $1.8 Billion in Fintech investments in 2010 to an investment of $5.2 Billion in the first quarter of 2016 alone.\u201d The author identified P2P lending as the major focus of these efforts.<\/p>\n On Monday The Middle Ground<\/a> posted an article about the influence of FinTech on traditional banks. The author posited that \u201csome forms of Fintech threaten to replace entire segments of the banking business. The P2P lending websites, such as Capital Match and MoolahSense, could well replace banks in the area of small business loans.\u201d<\/p>\n Pymnts.com<\/a> shared findings from the sixth annual Financially Underserved Market Size report. The detail within revealed that more consumers are turning to marketplace lending as a source of capital.<\/p>\n
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\nBONDORA MENTIONS<\/h2>\n