Tagged: lending club

January 25, 2015 @ 11:31 am By Midori Yoshimura  |  

Chinese online ventures rushing into the online lending industry may need to prepare themselves for a Groupon-style fall, suggested Soul Htite, co-founder of the world’s largest online loan broker, Lending Club, in a recent Bloomberg interview. Htite is also the CEO of peer-to-peer lender Dianrong.com,… Read More

January 18, 2015 @ 6:19 pm By David Klein  |  

Lending Club’s IPO was massively successful. Up 56% on the first day of trading. $1B of additional cash raised. Largest IPO out of Silicon Valley in 2014. Higher market valuation than all but 14 banks in the U.S. That it was the first “peer-to-peer” lending company to go public made… Read More

January 15, 2015 @ 9:28 am By JD Alois  |  

Tech giant Google (NASD: GOOG) and leading peer to peer lending platform Lending Club (NYSE: LC), have formed a new partnership to facilitate low-interest financing to “eligible Google partners”.  Shares in Lending Club jumped over 8% on the news. The program presently only available in the US allows… Read More

January 13, 2015 @ 8:51 am By Erin Hobey  |  

Since late November, The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. As readers may know, this is the largest study to date on crowdfunding, peer-to-peer lending and other forms of alternative… Read More

January 12, 2015 @ 5:46 pm By JD Alois  |  

Leading peer to peer platform Lending Club (LC) received its first analyst coverage today as Sterne Agee initiated coverage with an “Underperform” rating and a price target of $17.75.  Lending Club closed today at just over $21 / share down over 8% in an off… Read More

January 12, 2015 @ 9:33 am By Georgia Quinn  |  

  As far as the peer-to-peer or marketplace lending industry is concerned, 2014 ended with a bang and not a whimper as Lending Club, the leading online lender, completed its initial public offering. On December 10, 2014 the Lending Club offering went effective, and ultimately… Read More

January 8, 2015 @ 12:30 pm By JD Alois  |  

The largest peer to peer lending platform in the world, Lending Club (NYSE: LC), has formed another partnership.  Adding to the recent announcement they are working with the Women’s Chamber of Commerce (USWCC), Lending Club is now partnering with SCORE – a source of free and confidential… Read More

January 7, 2015 @ 1:05 pm By Samantha Hurst  |  

Lending Club (NYSE: LC), an online marketplace connecting borrowers and investors, announced on Wednesday (January 7th) the launch of a partnership with the U.S. Women’s Chamber of Commerce (USWCC) to help women business owners access affordable credit. At Women’s Business Loans, women business owners can apply online in… Read More

January 6, 2015 @ 9:00 am By JD Alois  |  

Scott Sanborn, Lending Club COO & CMO, Becomes First Independent Director for CircleUp Crowdfunding Platform. Investment crowdfunding platform CircleUp, has announced that Scott Sanborn has joined the company’s board of directors the first independent director for the company. Sanborn will continue his leadership role as chief operating… Read More

December 30, 2014 @ 10:39 am By JD Alois  |  

Orchard is all about data and managing data effectively.  The platform was one of the first (if not the first) to figure out how to tap into the growing number of peer to peer lending (or marketplace lending) platforms and put their code magic to… Read More

December 30, 2014 @ 7:30 am By Erin Hobey  |  

Cloud Lending, the industry’s end-to-end lending solution built on Salesforce.com, recently added CL Marketplace, a unified cloud platform that simplifies and automates the entire loan process in marketplace lending, to its suite of cloud-based industry applications that enable non-bank financial institutions to manage loan portfolios, increase transaction volume and rapidly bring new… Read More

December 29, 2014 @ 9:42 am By Erin Hobey  |  

In his blog on Spend Matters Network, David Gustin eloquently highlights several themes that impact the world of business credit during 2014: “The first of course is the rise of alternative lending products that go by such categories as online receivable auctions, private pcard exchanges, and peer… Read More

December 21, 2014 @ 8:27 am By JD Alois  |  

The embedded audio below is from a periodic segment produced by the Economist as part of their “Money Talks” series.  This specific session recorded earlier this month touches on China and the booming stock market,  Peer to Peer Lending Market and the rise in dollar denominated debt. The… Read More

December 18, 2014 @ 6:03 pm By JD Alois  |  

Lending Club (NYSE: LC), the  first publicly traded peer to peer lending platform, continues its expansion across the United States.  The company has shared its platforms is now available for investors based in Massachusetts.  All peer to peer lending platforms must deal with a wide… 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

December 14, 2014 @ 11:01 pm By Dara Albright  |  

Marking another watershed moment for crowdfinance, the initial public offering of Lending Club (NYSE: LC), the world’s largest online P2P (“peer-to-peer “) marketplace connecting borrowers with lenders, was priced on Wednesday at $15 per share (a $5.4 billion valuation) – far above its pre-roadshow expected… Read More

December 11, 2014 @ 3:27 pm By JD Alois  |  

The highly anticipated Lending Club (LC:NYSE) IPO rocketed out of the gate today at over $24 /shares.  The valuation for a company that has processed over $6 billion in loans but has barely made a profit brought excitement back to the big board today as… Read More

December 11, 2014 @ 1:46 pm By Samantha Hurst  |  

Earlier this morning, Crowdfund Insider reported that Lending Club, the largest peer to peer lender in the world, announced it will finally be listing shares today as its public offer trades on the New York Stock Exchange. The platform’s IPO will be  trading under the symbol… Read More

December 11, 2014 @ 4:50 am By JD Alois  |  

Lending Club, the largest peer to peer lender in the world, will finally list shares today as their public offer trades on the New York Stock Exchange.  Trading under the symbol “LC”, this IPO is described as a bellwether for the entire P2P lending industry…. Read More

December 8, 2014 @ 11:47 pm By JD Alois  |  

The largest peer to peer lending platform on the planet, Lending Club, will finally trade shares later this week as the highly anticipated IPO hits the screens of the New York Stock Exchange.  As many industry followers have expected, the projected price per share has… Read More