Tagged: lending club

May 6, 2014 @ 3:21 pm By JD Alois  |  

Hitting the screens of CNBC today was Lending Club CEO Renaud LaPlanche talking about how his company is going to transform the banking industry. Instead of just steam rolling the old school industry, apparently Lending Club would like to bring them along – indicative of… Read More

May 5, 2014 @ 12:48 pm By JD Alois  |  

Lending Club and Union Bank have formed a strategic alliance. Under the new agreement, Union Bank will purchase personal loans from Lending Club, and the two companies will work together to create new credit products to be made available to both companies’ customer base.  Union… Read More

April 25, 2014 @ 2:56 pm By JD Alois  |  

According to reports, the British hedge fund  Marshall Wace is purchasing Eaglewood Capital Management described as a P2P specialist.  Marshall Wace manages approximately $15.5 billion in assets.  The terms of the purchase were not disclosed. Eaglewood apparently intends on launching the worlds first listed P2P investment trust…. Read More

April 19, 2014 @ 3:14 pm By JD Alois  |  

A significant byproduct of the acquisition by Lending Club of Springstone was the additional funding raised from T. Rowe Price Group, Wellington Management, BlackRock and Sands Capital was the valuation placed on the company.  Lending Club is today worth $3.75 billion.  This represents a 63%… Read More

April 17, 2014 @ 9:32 pm By JD Alois  |  

P2P lending platform Lending Club has announced the acquisition of Springstone Financial for $140 million in stock and cash.  Springstone is a financial service business that provides affordable options for consumers looking to finance private education and medical procedures.  Springstone brings along a network of over… Read More

April 14, 2014 @ 2:02 pm By Charles Luzar  |  

Lending Club CEO Renaud Laplanche spoke with The Street recently about Lending Club’s growth and long-term goals as a platform. He didn’t shy away from the platform’s ultimate goal, which is to disrupt and bring increased efficiency to the banking sector. He also spoke briefly… Read More

April 9, 2014 @ 3:20 pm By Charles Luzar  |  

Lending Club CEO Renaud Laplanche has taken a very interesting path to becoming the CEO of the largest peer lending platform in the United States. In a collaboration between the Kauffman Foundation and the Khan Academy, Laplanche shares a bit of that story and his… Read More

April 7, 2014 @ 10:44 am By Charles Luzar  |  

Lending Club will make a change to their platform that will result in the removal of daily loan origination data across the platform. They’ll instead opt to share data on a quarterly basis. The announcement came via Lending Club’s blog… Instead of posting new issuance… Read More

April 2, 2014 @ 2:58 pm By Charles Luzar  |  

Lending Club has been forced to seek the ability to originate loans on a state-by-state basis, and that map of states just filled in a bit. Lending Club has announced that the peer lending platform has received the green light to operate in the State of Mississippi. “We’re… Read More

March 28, 2014 @ 11:36 am By Charles Luzar  |  

CircleUp has announced a $14 million Series B round that will introduce a new venture capital firm into their existing mix. Canaan Partners has led the round, which also includes investment from previous CircleUp investors Google Ventures and Union Square Ventures. This is the second… Read More

March 21, 2014 @ 9:51 pm By JD Alois  |  

P2P crowdfunding platform Lending Club has announced they are officially entering the business loan sector. “Everyone recognizes that small businesses are an engine of job creation and economic growth, yet their access to capital has been constrained,” said Lending Club CEO Renaud Laplanche. “We look… Read More

March 17, 2014 @ 10:19 am By Charles Luzar  |  

According to Lending Memo’s Simon Cunningham, Lending Club is planning to crack down on third party tools making use of screen scrapers. More specifically, Cunningham points to tools that automatically invest on behalf of the user by faking that user’s actions. Note that screen scraping… Read More

March 12, 2014 @ 5:49 pm By JD Alois  |  

Peer-to-Peer (P2P) lending platform Prosper has recently made some changes in the executive offices. The San Francisco based P2P crowdfunding company has announced that Aaron Vermut will become the company’s new CEO replacing his father, Stephen Vermut, who will become the Executive Chairman focusing more… Read More

March 12, 2014 @ 9:35 am By Charles Luzar  |  

Wells Fargo has reversed a ban on employees participating in the peer-to-peer lending arena after the announcement of the measure garnered international attention. Related – Wells Fargo To Employees: No Peer-To-Peer Loans According to the San Francisco Business Times, Wells Fargo spokesman Ruben Pulido clarified that “The original… Read More

March 11, 2014 @ 10:33 am By Charles Luzar  |  

In this video Motley Fool analysts David Hanson, Tyler Riggs, and Matt Koppenheffer debate peer-to-peer lending. Interestingly, about halfway through the video the trio begins to discuss Google and Facebook getting into the peer-to-peer lending space. Will they? It bears mentioning that Google Capital is an… Read More

March 6, 2014 @ 9:49 am By JD Alois  |  

Peter Renton has been informing the world about the peer-to-peer lending space for some time now. Lend Academy is a great source of deep information on P2P lending and stalwart platforms like Lending Club and Prosper. Renton is now taking his place in the space to the… Read More

February 20, 2014 @ 11:38 am By Charles Luzar  |  

Back on February 11th, Lending Club posted an article to the company’s blog discussing online scams. The post is entitled “How to Protect Yourself from Online Scams and Swindles.” In it, Lending Club points out that there are individuals out there using the Lending Club… Read More

February 8, 2014 @ 1:40 pm By Charles Luzar  |  

Lending Club has announced the addition of two new statistical charts aimed at helping their investors understand trends in returns. Notably, both charts seem to actively encourage investors on Lending Club to have at least 100 notes in their portfolio for the purposes of diversification…. Read More

February 3, 2014 @ 12:01 pm By Charles Luzar  |  

The US-based peer-to-peer lending space is off to a blistering start in 2014. January saw over $325 million in loan origination for Lending Club and Prosper. Lending Club accounted for over a quarter-billion in loans alone, up from $100 million in new loans in January… Read More

February 3, 2014 @ 3:30 am By Charles Luzar  |  

In the ever-growing crowdfunding community, peer lending reigns supreme. A TD Economics report we covered last week estimates the size of the global crowdfunding industry at somewhere between $3 and $5 billion in 2013. Of the sites responsible for this emergent shift in capital access,… Read More