Tagged: lending club

July 23, 2015 @ 10:15 am By Midori Yoshimura  |  

As the founder of Merchant Cash and Capital (MCC), a small business alternative lending company that has also worked with companies from UPS to Pita Pit, Stephen Sheinbaum oversees a company that is using leading technology to change the way small businesses get capital. Prior… Read More

July 14, 2015 @ 10:28 am By JD Alois  |  

Leading direct lender Lending Club (NYSE: LC) is now available to investors in three new states: Iowa, Oklahoma and Arkansas.  This brings the total number of states allowing individuals to lend to borrowers now at 33.  Lending Club CEO and founder Renaud Laplanche said his… Read More

July 2, 2015 @ 12:39 pm By David Klein  |  

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

June 29, 2015 @ 8:26 am By JD Alois  |  

Lending Club (NYSE: LC), the leading peer to peer lender in the United States, is now open to investors in two new states: Texas and Arizona.  It is an odd twist of the regulatory environment that some states allow the option to use platforms like… Read More

June 16, 2015 @ 2:00 pm By JD Alois  |  

The New York Times Dealbook section published an article yesterday about Goldman Sachs entering the peer to peer, or marketplace lending space. This was really old news as Quartz had covered it soon after Harit Talwar announced his departure from Discover in April.  Shelly Banjo… Read More

June 15, 2015 @ 8:34 am By JD Alois  |  

Leading peer to peer lending platform, Lending Club, has formed a partnership with the Opportunity Fund, an entity that targets community based lending.  Announced that the Clinton Global Initiative (CGI America), the agreement is designed to help provide capital for small businesses in California. Former… Read More

June 11, 2015 @ 12:23 pm By JD Alois  |  

LendingRobot, an automated investment platform for peer to peer / marketplace lending investors, has launched secondary trading for Lending Club loans. The Seattle, Washington, based company raised $3 million in a Series A funding round earlier this year to help finance the new service. LendingRobot allows… Read More

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

June 10, 2015 @ 11:06 am By Samantha Hurst  |  

Community Investment Management (“CIM”), an impact investment firm focused on marketplace lending, announced today a Clinton Global Initiative America (CGI America) Commitment to Action to provide $300 million of responsible and transparent financing to 9,500 small businesses in the United States over the next two years. CIM’s capital will be… Read More

June 6, 2015 @ 1:36 pm By JD Alois  |  

China is the largest peer to peer lending market in the world with one estimate placing total loans at over $53 billion for all of 2014. Last week we reported that loan originations were near $10 billion – for just the month of May.  The space… Read More

June 1, 2015 @ 11:00 am By Midori Yoshimura  |  

lis     Among the infinite possibilities for online investing–from mobile apps, to clean energy, to an overseas prince who wants to make you fantastically rich, deep technology startups–defined as those founded on a true technological innovation or scientific discovery–are not among the top five. It’s… Read More

June 1, 2015 @ 9:15 am By Erin Hobey  |  

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

May 28, 2015 @ 12:40 am By Midori Yoshimura  |  

A major Chinese peer-to-peer lender, Dianrong.com, now claims a valuation of “around” $1 billion, due to its latest round of fundraising, according to the company’s CEO, Soul Htite, in a conversation with CNBC (Reuters also contributed to the story). U.S. investment firm Tiger Global was the source… Read More

May 27, 2015 @ 7:30 am By Anthony Zeoli  |  

For years now, big bank lenders have warned the public about the dangers of dealing with “shadow” (i.e. non-bank) lending institutions. The term itself conjures up images of shady back-room deals where you’re handed money in a paper bag and told to pay it back… Read More

May 6, 2015 @ 9:30 pm By JD Alois  |  

  Orchard describes its beginning as a small circle of friends, driven by the same interests, with a desire to make a difference in the alternative lending space.  But what was once a bit of a hobby is now a pretty enormous and incredible business. I… Read More

May 6, 2015 @ 11:11 am By JD Alois  |  

Lending Club CEO and founder Renaud Laplanche is making the rounds to talk up first quarter financial results which were released yesterday after market close. The peer to peer lending platform beat results yesterday and raised guidance for the rest of the year. Laplanche, speaking… Read More

May 5, 2015 @ 5:10 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest p2p lender in the US, has released its Q1 operating numbers and simultaneoulsy raised its outlook for the entire year. Loan originations jumped 107% versus year prior from $791.3 million to $1.635.1 million for Q1 2015. Operating revenue experienced… Read More

May 4, 2015 @ 2:36 pm By JD Alois  |  

The correlation between risk and reward is an important relationship for all asset classes. The popularity of marketplace lending has been driven by the solid returns generated at a perceived lower level of risk.  Lending Club, the largest peer to peer lender in the United States, has… Read More

April 27, 2015 @ 9:07 am By JD Alois  |  

Canaan Partners, one of the Sandhill Road posse in Silicon Valley, is a VC firm that has moved big into the alternative finance space. With over $4.2 billion under management they have the fire power, and the tool kit, to move quickly into promising, early stage… Read More

April 21, 2015 @ 1:59 pm By Erin Hobey  |  

Renaud Laplanche, CEO of Lending Club, co-skipper Ryan Breymaier, and the crew of the 105’ trimaran Lending Club 2 have today established a new world sailing speed record for the 635-nautical mile course from Castle Hill Lighthouse, in Newport, Rhode Island, to Kitchen Shoal Beacon… Read More