Tagged: lending club

December 20, 2015 @ 5:17 pm By JD Alois  |  

Lending Club has cooked up a nice infographic on the importance of small business in the US. Sure the marketplace lending platform mainly facilitates credit for consumers, but the largest US direct lender is quickly pushing into SME lending so the message (for them) is… Read More

December 16, 2015 @ 2:42 pm By JD Alois  |  

As most Fed followers expected, the FOMC decided to increase interest rates nudging up rates by 25 basis points. The last time the Fed raised rates was almost 10 years ago. The back and forth chatter regarding when the Fed would act has been a… Read More

December 9, 2015 @ 12:14 pm By Samantha Hurst  |  

On Wednesday, marketplace lending platform BorrowersFirst announced the appointment of Lending Club’s former SVP, Zhi Zhou, as Chief Risk Officer and Head of Enterprise Analytics. Dave Tomlinson, BorrowersFirst’s CEO, stated: “Zhi is an accomplished and well respected leader who has been at the forefront of the marketplace… Read More

December 2, 2015 @ 12:21 am By JD Alois  |  

The king of banks, JP Morgan Chase, has decided to partner with a so-far unnamed peer to peer / marketplace lending platform as it seeks to adapt to the fast changing sector of online finance.  CEO Jamie Dimon, speaking on a panel at a US… Read More

December 1, 2015 @ 1:11 pm By Erin Hobey  |  

Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More

November 23, 2015 @ 9:16 am By JD Alois  |  

Lending Club (NYSE:LC) has added three more states, along with the Disrict of Columbia, to the list of states that retail investors may now invest in Lending Club loans.  Michigan, Kentucky and Alabama bring the number of states to 41 (plus DC). Previously only accredited… Read More

November 23, 2015 @ 8:49 am By JD Alois  |  

Lending Club (NYSE:LC) CEO Renaud Laplanche recently commented on the fact that Santander has been compelled to back off from purchasing Lending Club loans – for now.  Laplanche spoke to the FT about the status of the marketplace lending platform and gave an update on industry… Read More

November 22, 2015 @ 6:06 pm By JD Alois  |  

LendingRobot announced a new partnership this past week. Funding Circle, an SME marketplace lending platform, is now available to investors using LendingRobot’s auto investment service which previously listed Lending Club and Prosper loans. LendingRobot CEO Emmanuel Marot stated the addition demonstrated their platform was “extensible… Read More

November 15, 2015 @ 9:44 pm By JD Alois  |  

Global bank Santander has halted, at least temporarily, its intent to securitize $1 billion in marketplace lending loans. According to a report in Asset-Backed, this will back out an agreement to purchase loans from the largest domestic marketplace lending platform Lending Club.  Apparently Santander is… Read More

November 12, 2015 @ 8:13 pm By Erin Hobey  |  

  “I think Fintech, particularly as it applies to lending, has the capacity to completely transform how consumers and small business use credit. The best platforms are true innovators, underwriting consumers and small businesses in new ways using data that was simply unavailable ten or… Read More

November 9, 2015 @ 9:00 am By Georgia Quinn  |  

  It has been almost a year and a half since my last visit to Lending Club and my last interview with Renaud Laplanche its CEO. A lot has changed since then, but even more has stayed the same. Lending Club is now a public… Read More

November 4, 2015 @ 2:19 pm By JD Alois  |  

Karen Mills is currently perched as a Senior Fellow at the Harvard Business School and at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. She spends her time focusing on competitiveness, entrepreneurship and innovation – all extremely important areas of economic… Read More

November 2, 2015 @ 11:10 am By Samantha Hurst  |  

Last week, Lending Club (LC:NYSE) announced that it has surpassed $13 billion from borrowers since its launch in 2006. Lending Club is the “world’s largest online marketplace.” The platform connects borrowers with investors in a streamlined, low friction process that have seen growing acceptance by consumers. The company… Read More

October 30, 2015 @ 5:00 pm By JD Alois  |  

Lending Club founder and CEO spoke to CNBC earlier today about the most recent quarterly results which were released yesterday. The largest US marketplace lending platform beat streat expectations  reporting an EPS of $0.04 versus expectations of $0.02. Lending Club also boosted expectations for the… Read More

October 29, 2015 @ 4:24 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the US, has announced Q3 results.  For the quarter ending September 39th, the online lending platform stated that loan originations jumped from $2.24 billion versus $1.17 billion in same quarter year prior.  Operating revenue came… Read More

October 29, 2015 @ 6:00 am By Matt Burton  |  

Last week, Mike Cagney, the CEO of SoFi, gave an interview in the San Francisco Business Journal in which he made some fairly controversial comments. It instantly made the rounds in the industry and has become  a topic of much debate. I recommend reading the… Read More

October 15, 2015 @ 10:40 am By JD Alois  |  

Lending Club (NYSE:LC) is pushing further into the small business lending sector.  The largest marketplace lending platform in the US, has announced a new “multi-draw line of credit product” designed to give SMEs convenient, flexible and affordable credit.  Lending Club has built is online lending… Read More

October 14, 2015 @ 4:25 pm By JD Alois  |  

Lending Club (NYSE: LC) is now available to investors in Missouri, South Carolina, and Tennessee, bringing the total number of states available to retail investors to 39. Lending Club, the largest marketplace lending platform in the US, allows anyone to invest in loans with as… Read More

October 8, 2015 @ 6:05 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the US, will issue its earnings for the third quarter ended September 30, 2015, on Thursday, October 29, 2015, after the market close. Lending Club will host a conference call to discuss the third quarter… Read More

October 1, 2015 @ 3:34 pm By JD Alois  |  

  As the Marketplace Lending industry begins to mature, awareness is growing across the population.  More and more consumers realize they may be able to save time, and money, by doing a greater portion of their banking online. Lending Club, the largest Marketplace Lending platform… Read More