Market Overview

Orchard Platform's Week In Review: 'Continued, Positive Deal Flow'

Orchard Platform's Week In Review: 'Continued, Positive Deal Flow'
Related LC
Benzinga's Top Upgrades, Downgrades For March 22, 2017
You Can Count The LendingClub Bulls On One Hand, But That May Be Set To Change
Related ONDK
22 Biggest Mid-Day Losers For Thursday
Regulators Decide To Issue Bank Charters For Fintech Firms

Orchard Platform, a technology and data provider for the online lending space, publishes a weekly review of the online lending sector.

The latest report, for the week ending September 16, noted a "continued, positive deal flow" for the online lending industry. Of note, GreenSky, an online home improvement and large-ticket retail lender, raised $50 million in working capital at a $3.6 billion valuation, which will make it the most valuable privately held fintech startup.

In addition, Financeit and Concentra, two Canadian fintech firms, announced the acquisition of TD Bank Group's indirect home improvement financing assets.

Here is a summary of the some of the major indicators the report follows.

  1. The Orchard Index, an index designed to measure the performance of direct online lending to U.S. consumers, last read 1,469.58, up from 1,463.19 a month ago. The index tracks the performance of the aggregate amount of loans to consumers originated and funded on U.S.-based online lending platforms.
  2. The KBW/Nasdaq Fintech Index, an index that tracks the performance of companies that specialize in combining technology with financial products and services, last read 1,050.45, up from 1,027.79 a month ago. The index was just launched in July of this year.
  3. The Liberum/AltFi Financial Disruptors Index (LAFDI) tracks companies that are considered to be disrupting banks and financial services by using new approaches. The index last read 1,817.80, which is down from 1,953.00 a month ago.
  4. Below are the five stocks Orchard tracks and their recent opens.

    • LendingClub Corp (NYSE: LC) opened at $6.50 on Monday and traded at $5.63 a month ago.
    • On Deck Capital Inc (NYSE: ONDK) opened at $5.99 on Monday and traded at $6.16 a month ago.
    • Yirendai Ltd - ADR (NYSE: YRD) opened at $22.60 on Monday and traded at $33.40 a month ago.
    • Lendingtree Inc (NASDAQ: TREE) opened at $96.30 on Monday and traded at $106.24 a month ago.
    • Square Inc (NYSE: SQ) opened at $11.46 on Monday and traded at $11.64 a month ago.

    Full ratings data available on Benzinga Pro.

    Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for LC

Mar 2017GuggenheimUpgradesNeutralBuy
Dec 2016Janney CapitalInitiates Coverage OnNeutral
Nov 2016Morgan StanleyUpgradesEqual-WeightOverweight

View More Analyst Ratings for LC
View the Latest Analyst Ratings

Posted-In: Fintech Fintech Starts GreenSky Online LendingAnalyst Color Fintech Analyst Ratings Personal Finance Best of Benzinga


Related Articles (LC + ONDK)

View Comments and Join the Discussion!