Best Egg Exceeds $5B and Celebrates Four Years in Business

Company posted biggest year yet in 2017, with strong originations growth, decreased CAC, and positive cash flow Wilmington, DE – April 9, 2018 – Marlette Funding, LLC, owner of the consumer-lending platform Best Egg, today shared year-end results and key accomplishments for first quarter 2018. In 2017, the company experienced originations growth of 66 percent, significantly reduced its customer acquisition costs, and ended the year with 3 straight quarters net…

Jo Gilley

Marshall Lux Joins Marlette Funding as an Advisor

Financial Services Leader to Identify New Product and Market Opportunities for Business Growth Wilmington, DE – March 28, 2018 – Marlette Funding, LLC, owner of the Best Egg personal loan platform, today announced the addition of Marshall Lux as an Advisor to the Board and Company. Marshall Lux has been a Financial Services consultant and practitioner for 30 years. He began his career at McKinsey where he served all manner…

Jo Gilley

Best Egg Ranked #5 on American Banker’s 2018 Top 20 Best Fintechs to Work For

Wilmington, DE, March 8, 2018 – Best Egg, the consumer lending brand of Marlette Funding, LLC, was recently named as one of the Top 20 Best Fintechs to Work For. The awards program was created in 2017 and is a project of American Banker and Best Companies Group. This survey and awards program is designed to identify, recognize and honor the best employers in the financial technology industry, benefiting the…

James Oliphant

Marlette Funding Named a Finalist in Top Consumer Lending Platform in the Second Annual LendIt FinTech Industry Awards Competition

Wilmington, DE – February 21, 2018 – LendIt Fintech, the world’s leading event in financial services innovation, announced today that they have selected the Best Egg Personal Loan Platform provided by Marlette Funding, LLC, as a finalist in the Top Consumer Lending Platform category for the LendIt Fintech Industry Awards. The Top Consumer Lending Platform finalists were selected from companies that demonstrate a combination of loan performance, volume, growth, product…

James Oliphant

Marlette Funding Closes Largest Securitization Transaction in Company History

Robust Investor Demand Marked by Milestones Including Positive Credit Trends Demonstrated by Fifth MFT Securitization of $464.3M and Appointment of New CFO Wilmington, DE, January 29, 2018 – Marlette Funding, LLC, the parent company of Best Egg, announced today it closed its fifth proprietary “MFT” securitization. Approximately $495 million of Best Egg loans were financed via $464.3 million of MFT 2018-1 Notes with four classes and one class of Certificates, with…

James Oliphant

Marlette Funding Appoints Sabrina Basht Chief Strategy Officer for Best Egg

Wilmington, DE – December 18, 2017 – Marlette Funding, LLC, the parent company of Best Egg, today announced the promotion of Sabrina Basht to the position of chief strategy officer (CSO), effective immediately. In this role, Basht will continue to report to Josh Tonderys, President. Best Egg Strategy “Since launching the business in 2014, the organization has been singularly focused on building a scalable, digital loan platform that provides a…

James Oliphant

LendingTree’s Top-Rated Lender List Named Best Egg the #1 Winner in Personal Loans Category

Customer Accolades and Reviews are Testament to Best Egg’s Focus on Customer Experience Wilmington, DE – November 14, 2017 – Best Egg today announced that it has been named #1 winner in the personal loans category for the third quarter of 2017 from LendingTree. The quarterly list of top customer-rated loan products is based on actual customer reviews posted to the site and features the top companies in the mortgage,…

Jo Gilley

Marlette Funding Closes $312 Million Securitization Transaction

Continuing Momentum of Company’s Positive Credit Trends Demonstrated by Fourth MFT Securitization Wilmington, DE, November 8, 2017 – Marlette Funding, LLC, a leading provider of online consumer lending platforms and services, announced today it closed its fourth proprietary “MFT” securitization. Approximately $312 million of Best Egg loans were financed via four classes of Notes and one class of Certificates with certain loan sellers retaining risk on a portion of the Notes…

James Oliphant

Marlette Funding Closes $369 Million Securitization Transaction

3rd MFT Securitization Furthers Establishment of the Company’s Securitization Program Wilmington, DE, July 5, 2017 – Marlette Funding, LLC, a leading provider of online consumer lending platforms and services, announced it has closed its third securitization from its proprietary “MFT” shelf. Approximately $369 million of Best Egg unsecured personal loan collateral was financed via three classes of Notes and one class of Certificates with certain loan sellers retaining risk on a…

Jo Gilley

Marlette Funding Closes $333 Million Securitization Transaction

2nd MFT Securitization Furthers Recognition of Company’s Positive Credit Trends Wilmington, DE, March 24, 2017 – Marlette Funding, LLC, a leading provider of online consumer lending platforms and services, announced today it closed its second proprietary “MFT” securitization. Approximately $333 million of Best Egg collateral was financed via three classes of Notes and one class of Certificates with certain loan sellers retaining risk on a portion of the Notes and/or Certificates.…

Jo Gilley

Marlette Funding Closes $205 Million Securitization Transaction

Wilmington, DE, August 3, 2016 – Marlette Funding, a leading marketplace platform, announced today it closed its first proprietary “MFT” securitization. Approximately $205 million of Best Egg collateral was financed via three classes of Notes and one class of Certificates with the loan sellers retaining a portion of Notes and Certificates. The Class A, B and C fixed-rate Notes were rated Single-A, Triple-B and Double-B by Kroll Bond Rating Agency (KBRA).…

Kevin Kruger

At Best Egg, talk is a best practice 

American Banker – The retail lending unit of Marlette Funding meets regularly to make sure all employees are invested in its quarterly goals.

Kevin KrugerAmerican Banker

Best Fintechs to Work For 

American Banker – Marlette Funding named one of the top fintechs to work. We are proud to be included in American Banker’s inaugural “Best Fintechs to Work For” list.

Kevin KrugerAmerican Banker

Marlette sells $495M in bonds to boost personal loans 

www.philly.com – The Wilmington-based small-business loan company makes 3- and 5-year small-business loans of up to $50,000, and charges rates starting around 5 percent.

Kevin KrugerPhilly.com

The 8 biggest IT management mistakes 

Sure, nobody’s perfect. But for those in charge of enterprise technology, the fallout from a strategic gaffe,

Kevin KrugerCIO

Banks Start Broad Use of Blockchain, as JP Morgan, 

The distributed ledger technology that underpins cryptocurrency like Bitcoin is rapidly going mainstream. Blockchain is building a tremendous amount of buzz as …

Kevin KrugerDark Reading

The Marketplace Lending Association Adds 11 New Members 

Lend Academy The leading industry trade group, the Marketplace Lending Association (MLA), announced today that they have added 11 new members…

Kevin KrugerLend Academy

Prosper Marketplace Risk Executive Joins Marlette Funding 

Josh Tonderys becomes president of Marlette, owner of the Best Egg brand, at a time of turmoil in the marketplace lending industry

Kevin KrugerGlobal Association of Risk Professionals

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