Lending Club founder and CEO spoke to CNBC earlier today about the most recent quarterly results which were released yesterday. The largest US marketplace lending platform beat streat expectations reporting an EPS of $0.04 versus expectations of $0.02.
Lending Club also boosted expectations for the next quarter.
Laplanche said “network effects and economies of scale are at play” for its online lending platform.
“As the platform gets bigger it gets more efficient,” stated Laplanche.