Tagged: goldman sachs

January 7, 2016 @ 2:30 pm By Therese Torris  |  

Lendix, one of the 60 companies who joined the fray of crowdlending platforms in 2015 has quickly taken the leadership position by designing a marketplace that meets the needs of institutional investors. Marketplace lending to small and medium size enterprise (SMEs) is taking off in… Read More

December 31, 2015 @ 3:07 am By Erin Hobey  |  

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

October 22, 2015 @ 11:15 am By Erin Hobey  |  

Since summer Goldman Sachs Group has created significant buzz when the bank announced its plan to launch an online marketplace lender unit as early as next year.  Hiring engineers, data scientists, operations staff and customer service professionals is the logical next step for Goldman, as it builds… Read More

August 4, 2015 @ 11:24 am By JD Alois  |  

Alibaba continues to expand its strategic push into financial services with the significant hire of Michael Evans as President of Alibaba Group. According to the company, Evans will direct international growth strategy for the fast growing internet conglomerate.  Evans was already a member of the… Read More

July 22, 2015 @ 8:08 am By JD Alois  |  

New forms of finance are poised to inalterably change the entire finance industry ecosystem we know today.  Investment crowdfunding, and the various iterations of alternative finance, are still in the early stages of its evolution.   The disruptive finance industry is measured in mere billions… Read More

July 2, 2015 @ 12:39 pm By David Klein  |  

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

June 16, 2015 @ 2:00 pm By JD Alois  |  

The New York Times Dealbook section published an article yesterday about Goldman Sachs entering the peer to peer, or marketplace lending space. This was really old news as Quartz had covered it soon after Harit Talwar announced his departure from Discover in April.  Shelly Banjo… Read More

December 16, 2014 @ 4:42 pm By Samantha Hurst  |  

Lending Club (NYSE: LC) an online marketplace the connects borrowers and investors, announced on Tuesday (December 16th) the closing of its initial public offering and the exercise in full of the underwriters’ option to purchase an additional 8,700,000 shares from Lending Club. After the underwriters’… Read More

November 16, 2014 @ 10:00 pm By JD Alois  |  

In an article published on PEHub this past week, the author stated that according to several sources Lending Club is also considering a buyer and is “pursuing a dual track”.  Lending Club announced that it had filed for an Initial Public Offer this past August. … Read More

August 25, 2013 @ 8:27 am By JD Alois  |  

The SEC has announced that Eun Ah Choi has been named Managing Executive of the Division of Investment Management. The SEC’s Division of Investment Management works to protect investors, promote informed investment decisions, and facilitate appropriate innovation in investment products and services through regulation of… Read More