Tagged: lending club

December 2, 2014 @ 10:11 am By JD Alois  |  

There is definitely something to be said for being at the right place, at the right time, and for Orchard this is certainly the case.  Now this is not to say the creation of Orchard is totally serendipitous because this is a company that has… Read More

December 1, 2014 @ 12:52 pm By JD Alois  |  

In an amended S1 filing today, Lending Club revealed the proposed maximum offering price per share, along with the aggregate offering amount.  The document filed with the SEC indicates 57,700,000 shares may be sold at a price of up to $12 / share.  The prospectus… Read More

November 19, 2014 @ 11:24 am By Erin Hobey  |  

Lending Club, the world’s largest online marketplace connecting borrowers and investors, today launched a new “SuperPrime” loan product offering that expands the options available to borrowers with the highest credit quality.This new product line provides a two-year AA term loan for $10,000 or less (with… 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

November 14, 2014 @ 3:03 pm By JD Alois  |  

For those of you who are hard core peer to peer lending followers this is for you.  US industry leader has updated their statistics page offering up a more dynamic interface to track loans flowing through their platform.  As Lending Club describes it: Updated interactive… Read More

November 12, 2014 @ 9:39 am By JD Alois  |  

The worlds largest peer to peer lending platform Lending Club has introduced new products leveraging their acquisition of Springstone.  The Lending Club subsidiary will now offer a new “education and patient financing product”.  The new product and practices are “designed to raise standards for transparency… Read More

November 10, 2014 @ 5:08 pm By Samantha Hurst  |  

Miami-based advisory firm, Ethos Private Wealth, announced that it has partnered with online peer lending platforms and industry executives to launch the Treasury Income Strategy. This turnkey marketplace lending platform is built for banks seeking low duration instruments with attractive yields for their excess treasury cash…. Read More

October 20, 2014 @ 10:27 pm By JD Alois  |  

Eaglewood Capital Management, an investment management firm specializing in investing in online lending strategies, has announced that it has completed a $75 million securitization.   This represents Eaglewood’s second securitization of peer-to-peer (P2P) consumer loans and brings its total issuance to $175 million. The $75… Read More

October 19, 2014 @ 9:29 pm By JD Alois  |  

Peer to peer lending platform Lending Club has selected the New York Stock Exchange as their venue to list the much anticipated initial public offering. According to multiple reports, but first advanced in the FT, Lending Club has followed the path of several high profile… Read More

October 14, 2014 @ 9:08 am By JD Alois  |  

P2P Lender Has Generated One Billion in Loans Since February of 2014 to October. Peer to peer lender Prosper revealed in a recent interview the fast growing platform originated $170 million in loans for the month of September.  Prosper states they are approximately 1/3 of… Read More

October 6, 2014 @ 2:55 pm By JD Alois  |  

Peer to peer lending platform Lending Club has announced the hire of Richard Neiman to lead the P2P sites regulatory and government affairs office.  Neiman was previously Vice Chairman of Global Financial Services Regulatory Practice at PriceWaterhouseCoopers LLP.  He has also held senior positions at… Read More

October 1, 2014 @ 1:20 pm By JD Alois  |  

Has peer-to-peer lending has turned into hedge fund-to-consumer lending?  According to a recent report in Risk this may be the case. While P2P lending started out by matching an individual borrower with an individual investor things have rapidly changed.  The outsized returns generated by the… Read More

September 5, 2014 @ 4:58 pm By JD Alois  |  

In a brief post on their web site,  peer to peer lender Lending Club announced they have added another states to their growing list of places that may use their platform.  While not everyone may be aware of this – not all states allow peer… Read More

August 27, 2014 @ 3:59 pm By JD Alois  |  

Goldman Sachs and Morgan Stanly to Act as Joint Leads. In a widely anticipated move, peer to peer lending platform Lending Club has filed their S-1 registration with the SEC to launch their initial public offering (IPO).  Lending Club made the announcement with an official… Read More

August 14, 2014 @ 11:53 pm By JD Alois  |  

Fitch Ratings has acknowledged the growing importance of peer to peer lending  companies in statement that P2P lending success is dependent on borrower credit. This past July, S&P and DBRS assigned a landmark rating on the senior portion of a $270 million P2P deal from SoFi…. Read More

July 9, 2014 @ 11:16 am By JD Alois  |  

Peer to peer (P2P) lending platform Lending Club is having a pretty good year.  The company has just released data sharing the news they facilitated over $1 billion in lending this past quarter.  Add that to the past couple of years and the innovative platform… Read More

June 21, 2014 @ 6:03 pm By JD Alois  |  

There are plenty of high profile names on the CNBC list of entrepreneurial organizations – more than a few are associated with crowdfunding and alternative forms of finance. Kickstarter, the global rewards based crowdfunding platform was in the 49th spot.  Kickstarter CEO Yancey Strickler stated;… Read More

June 2, 2014 @ 8:00 am By Georgia Quinn  |  

Groucho Marx said he refused to be a member of any club that would accept him, but he never heard of Lending Club. When walking through their offices in downtown San Francisco, past the foosball and ping pong tables, mini golf course that mazes around… Read More

May 21, 2014 @ 8:45 am By JD Alois  |  

Lending Club founder and CEO Renaud Laplanche recently visited the studios of Bloomberg (once again) to talk about his fast growing peer to peer lending platform.  In this brief discussion Renaud touches on the fact that Lending Club creates a more efficient market where both… Read More

May 13, 2014 @ 9:47 am By Georgia Quinn  |  

United Kingdom & the United States See Incredible Growth in Peer to Peer Lending Industry. With all of the hype around equity crowdfunding the silent counterpart of peer-to-peer lending has been quietly growing into a significant and disruptive industry. In fact, some industry followers expect… Read More