Yahoo: Loan-refinancing may not seem like the sexiest corner of fintech, but it has very recently become very hot: SoFi (Social Finance), which provides student loans, mortgages and other kinds of loans, scored a $1 billion investment from Softbank in September. The startup advertised during the Super Bowl in February. Smaller startups like Zest Finance use big data to aid underwriting for big lenders, while CommonBond focuses on re-financing. Marketplaces like Lending Club (LC) and Lending Tree (TREE) still advertise heavily as the best places to shop for loans. And all of these newer players claim they have the technology to compete with massive incumbents like Sallie Mae (SLM), Wells Fargo (WFC) and JPMorgan (JPM).
I got one question. If Yahoo financial reporters understand this opportunity, then why doesn't Marissa Mayer?
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