Industry News

Fintechs Continue to Disrupt as More Traditional Firms Take Notice

For the past nine years, online lenders have been disrupting the lending norms established by banks and other traditional lenders. These online lenders have grown from owning 1% of unsecured lending in 2010 to owning 40% in 2019. This shift has resulted in traditional financial powers placing a greater emphasis on partnerships with Fintechs.  Read … Read More

Funding Circle US Hits $2bn Milestone

This article is astonishing and positive news for the peer-to-peer lending industry. One point of note in the article is: “If [Funding Circle] were a bank it would be among the 50 largest small business commercial and industrial loan portfolios in the US, according to the latest FDIC data available, cited by Funding Circle”. This … Read More

Fintech Predictions for 2019

Prime Meridian would like to share a great article from our friends at Lend Academy about their fintech predictions for 2019.  The article lists 9 insightful predictions for 2019 while also reviewing how well their 2018 predictions fared.  Peter Renton is one of the most knowledgeable people in the fintech industry so we always enjoy … Read More

Crossing Into New Markets, Part 2

Prime Meridian launched its latest fund, Special Opportunities Fund, in June. With that, it entered into two new markets – litigation finance and life settlements – and included existing sectors it currently invests in such as: marketplace consumer, small business and real estate loans. Don Davis, CEO and portfolio manager at Prime Meridian, spoke about … Read More