Tagged: lending club

September 30, 2015 @ 11:47 am By JD Alois  |  

Lending Club (NYSE:LC), the largest marketplace lending platform in the US today, has submitted their opinion to the US Department of Treasury request for information (RFI) on the eve of the deadline for comments of September 30th, 2015.  Lending Club, the first publicly traded online lending… Read More

September 28, 2015 @ 11:58 am By Samantha Hurst  |  

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

September 22, 2015 @ 12:52 pm By JD Alois  |  

Carrie Dolan, CFO of Lending Club, has been named one of the 25 most powerful women in finance by American Banker.  Previously an executive with Charles Schwab, Dolan said that when she explained to friends and family she was leaving Schwab to join a money-losing… Read More

September 18, 2015 @ 9:13 am By JD Alois  |  

Lending Club (NYSE: LC), the largest direct lending marketplace in the US, is now open to investors in Indiana, Kansas, and Nebraska, bringing the total number of investor states available to retail investors to 36. The process for Marketplace /P2P lending platforms to operate in… Read More

September 15, 2015 @ 1:08 am By Midori Yoshimura  |  

  Recently, Soul Htite, co-founder and CEO of Dianrong.com, one of China’s fastest-growing peer-to-peer lenders, did a little debunking of P2P and conventional banking assumptions. In a recent exclusive interview with FinanceAsia, he noted, One of the common misconceptions of P2P lenders is that they go head-to-head with… Read More

September 10, 2015 @ 2:31 pm By Samantha Hurst  |  

InvestX Capital Ltd., developers of a cross border platform that give investors access to retail size allotments of private equity and venture capital backed companies alongside institutional investors, announced today that it has opened up its second round financing on the Waverley – Powered by… Read More

September 3, 2015 @ 7:25 pm By JD Alois  |  

Marketplace lending platform Lending Club is celebrating $11 billion in loans – an accomplishment that took about 8 years to accomplish.  From the very first borrower who raised just $5000 for a home improvement project, Lending Club has grown to the largest direct lender in… Read More

August 24, 2015 @ 9:28 pm By JD Alois  |  

Dianrong, a Chinese peer to peer lending platform, has received a new funding round in the amount of $207 million led by Standard Chartered with  participation from China Fintech Fund and Bohai Leasing.  The Series C funding was declared the largest ever for the direct… Read More

August 20, 2015 @ 11:00 am By JD Alois  |  

LendingRobot is a “robo-advisor” for the marketplace lending sector allowing individuals to automate the process of investing in loans.  The core premise of the service is that individuals may generate high rates of return (today around 7 to 10%) but require sufficient diversification across a… Read More

August 19, 2015 @ 1:32 pm By JD Alois  |  

Lending Club (NYSE: LC) subsidiary Springstone Financial has agreed to settle with the Consumer Financial Protection Bureau (CFPB) in an issue relate to the “staff’s concerns on possible borrower confusion about the terms of a deferred interest product”.  The program in question was terminated by… Read More

August 18, 2015 @ 4:30 pm By Samantha Hurst  |  

NSR Invest, a managed account investment platform that provides peer-to-peer (P2P) investment tools to financial advisors, today launched a new generation of software that will allow financial advisors to easily establish and manage separate Lending Club investment accounts on behalf of NSR Invest’s clients through… Read More

August 14, 2015 @ 10:05 am By JD Alois  |  

Mitchel Harad, a former executive at Lending Club, recently joined the Aussie peer to peer lending platform Society One.  Harad, who has been described as the “architect” of Lending Club’s growth,  states he joined the marketplace lending platform at a very similar point in its development… Read More

August 13, 2015 @ 4:26 pm By JD Alois  |  

Last week Lending Club, the largest marketplace lending platform in the US, released its quarterly financial results.  The numbers beat the street.  But even more important is the fact the direct lending platform is growing.  If you compare their growth to somnolent banks the comparison… Read More

August 12, 2015 @ 9:24 am By JD Alois  |  

Marketplace lending platform Lending Club (NYSE:LC)  has announced the release of a series of APIs for online brokers and advisors to more easily connect investors with Lending Club loans.  Labeled Lending Club Open Integration (LCOI), the new feature should make investor interaction more seamless while facilitating… Read More

August 10, 2015 @ 10:30 am By Candace Klein  |  

  As traditional lending tightened for consumers and small businesses, following the 2008 recession and the Dodd Frank regulatory environment that followed, alternative lending has now become quite the burgeoning new industry. And with alternative lenders ranging the gamut from near-bank products and terms to… Read More

August 6, 2015 @ 1:59 pm By Erin Hobey  |  

Interest in crowdfunding from banks and other noteworthy investors including some family offices has steadily increased in recent months, so much that Money&Co blogged, “It’s often said that crowdfunding is in danger of losing the crowd.” Could crowdfunding lose its crowd? How does the industry… Read More

August 6, 2015 @ 10:44 am By JD Alois  |  

Marketplace lending platforms have taken advantage of the fact that many were in attendance in DC for a gathering at the US Department of Treasury to publish a Small Business Borrowers’ Bill of Rights.  The coalition of signees included Funding Circle, Lending Club, Fundera and… Read More

August 4, 2015 @ 4:56 pm By JD Alois  |  

Lending Club has announced that Sandeep Bhandari, Assistant Chief Credit Officer at Capital One Bank and Venture Partner, will join Lending Club as Chief Credit Officer later this month. Bhandari will assume responsibility for credit risk management across all products, replacing in that capacity Lending Club Chief… Read More

August 4, 2015 @ 4:46 pm By JD Alois  |  

The largest marketplace lending platform in the United States reported Q2 results today. Lending Club (NYSE:LC) stated that loan originations grew to $1.91 billion versus the same period year prior where the direct lender facilitated $1.01 billion in loans.  Lending Club said total loans have now… Read More

July 24, 2015 @ 11:14 am By Samantha Hurst  |  

SocietyOne, Australia’s peer-to-peer (P2P) lending platform, announced that Mitchel Harad has joined the company as Chief Marketing Officer (CMO). Harad was the Vice President of Marketing of Lending Club, a leading direct lender with headquarters in San Francisco. Leading Lending Club’s borrower marketing efforts over the… Read More