Tagged: lending club

Here is Lending Club’s Q4 Earnings Presentation (Deck)

Lending Club (NYSE:LC) has reported Q4 2016 earnings along with forward-looking statements for 2017. Lending Club reported that loan originations in Q4 of 2016 were $1.99 billion, or 1% higher compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

Lending Club Reports Q4 & Full Year Results as Originations Dip: “We Are Entering 2017 in a Stronger Position”

Lending Club (NYSE:LC), the largest marketplace lending platform in the US, has reported Q4 results alongside full year numbers. Loan originations in Q4 of 2016 were $1.99 billion, up 1% compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

Jason Altieri, Former GC at Lending Club, Lands at Roofstock

Roofstock, an online marketplace that facilitates direct purchases of rental property, has announced the appointment of Jason Altieri as Chief Legal and Compliance Officer. Altieri was previously General Counsel at publicly traded marketplace lending platform Lending Club (NYSE:LC).  Roofstock has been growing rapidly aided in… Read More

LendingRobot Launches Robo Hedge Fund for Online Lending: We Have Wanted to do this for a Very Long Time

LendingRobot has officially launched their next big vertical: a Robo-Hedge Fund for alternative lending. Crowdfund Insider initially wrote about the forthcoming Robo-fund when we uncovered an SEC filing for a pooled investment vehicle last November. While the filing became public at that moment, the “LendingRobot… Read More

Lending Club Releases Investor Update on Loss Forecasts

lending clubLending Club (NYSE:LC) has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. The letter includes an update on expected delinquency rates across the existing loan portfolio following changes made several times in 2016, and implemented additional changes… Read More

Lending Club Schedules Q4 Earnings Release for February 14th

Lending Club (NYSE: LC), the leading US marketplace lending platform,  will issue its Q4 earnings report on Tuesday, February 14, 2017, after market close. Lending Club will host a conference call to discuss the fourth quarter financial results at 2:00 p.m. PT / 5:00 p.m. ET on… Read More

What to Watch For in Marketplace Lending During 2017

Predicting what will transpire in the coming year is always challenging, particularly in relatively nascent and growing industries such as marketplace lending. While surprises are undoubtedly in store for 2017, indications are that certain trends—the growth of bank partnerships and industry consolidation—will continue and accelerate… Read More

Prosper President Ron Suber: “Change is the Only Constant. Victory Goes to the Ones Who Change”

In the world of alternative finance, one US industry was probably happy to see 2016 end. Online lending, both marketplace lenders (née P2P lending) and balance sheet platforms, hit the proverbial brick wall during last year. Rumblings of a more challenging environment picked up in… Read More

Top Fintech Stories from Crowdfund Insider during 2016

As one year comes to end it is a good opportunity to reflect on past events. The preceding 12 months have been a momentous period for internet finance including capital formation online. Fintech started as a curiosity that engendered much excitement – and fear for some…. Read More

Lending Club Announces Bonus Incentive for New IRA Investments

Lending Club (NYSE:LC) recently announced it is now offering a bonus incentive for IRA investments. From now through April 30, 2017, investors that open an IRA investment will receive a bonus of up to 3% of their investment. According to Lending Club, the IRA investment offer is… Read More

What to Expect for Marketplace Lending in 2017

Market credibility and an emphasis on better transparency will be two key factors for marketplace lending in 2017. 2017 will be a pivotal year for the marketplace lending (MPL) space as the market will seek stabilization in both confidence and venture funding, following a challenging… Read More

Lending Club CTO Resigns

Lending Club (NYSE:LC) filed an 8K yesterday indicating that Chief Technology Officer John MacIlwaine had submitted his resignation on December 15th. MacIlwaine decided to depart from Lending Club to pursue another opportunity.  Lending Club stated that Richard Southwick, Senior Vice President for Technology, will oversee… Read More

Orchard Reports Originations Dropped in Q3, Down 21% from Q2 Volume

Orchard has published its quarterly report on loan originations for the online lending industry. According to their numbers, origination volumes continued to drop in Q3 from Q2 2016.  The decline was significant too – decreasing by 21% in Q3 and down 50% from the peak… Read More

Report: Renaud Laplanche Preps to Launch Online Lender Credify

Renaud Laplanche, the visionary behind Lending Club (NYSE:LC) who was pushed out of the marketplace lender this past May, is prepping a new online lender: Credify Finance Corp. WSJ.com is reporting that Laplanche along with two other former Lending Club executives, Jeff Bogan and Adelina Grozdanova,… Read More

Stop Stacking: ID Analytics & the Online Lending Industry Partner to Halt Borrowers Who Take Out Multiple Loans

Stacking is a significant challenge for the online lending industry. While most consumers are responsible individuals who only want to borrower what they can afford, there is a segment of society who are challenged to manage their finances. The advent of online lending has made… Read More

Lending Club Announces Q3 Results. Originations Down from Year Prior but Beats Expectations

Lending Club (NYSE:LC),the largest  marketplace lending platform in the US, is out with Q3 results.  Lending Club reported a net loss of $36.5 million for the Q3 of 2016, an improvement vs. the net loss of $81.4 million reported in Q2 of 2016. Meanwhile originations… Read More

Lending Club Receives $1.3 Billion Commitment from National Bank of Canada

Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy.  The agreement calls for Credigy, a firm that specializeds in consumer finance investment,  to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More