Tagged: lendingclub

LendingClub Schedules Q2 Earnings Release for August 7th

LendingClub (NYSE:LC), an online marketplace connecting borrowers and lenders, has announced that it will report second quarter earnings, which ended on June 30, after the bell on Monday, August 7, 2017. LendingClub will host a conference call to discuss the Q2 results at at 2:00PM… Read More

Here is the Letter IEG Holdings Sent to LendingClub Board Announcing its “Tender Offer”

Below is the copy of the letter Paul Mathieson, the CEO of IEG, sent to Scott Sanborn, CEO of LendingClub, and the LendingClub Board of Directors. In the letter, Mathieson declares his intent to commence a tender offer for up to 9.99% of LendingClub (NYSE:LC)… Read More

LendingClub Tells Investors to Ignore IEG Holdings Offer to Purchase LC Shares, Calls Offer Misleading

LendingClub (NYSE: LC) has announced that on June 29, 2017, its Board of Directors received a letter from IEG Holdings Corporation (IEG) stating its intention to acquire up to 9.99% of the outstanding common stock of LendingClub on the basis of two shares of IEG common stock… Read More

LendingClub Adds Ken Denman, Venture Partner at Sway Ventures, to Board of Directors

LendingClub (NYSE: LC), the leading marketplace lending platform in the US, has added Kenneth Denman to its Board of Directors. LendingClub states the appointment took effect on June 28, 2017. Denman joins as a Class One director and will serve on the Audit and Compensation… Read More

LendingClub Closes $279.4 Million Self Sponsored Securitization

LendingClub (NYSE:LC) has announced its first first self sponsored securitization deal had closed. Announced after the market closed, Lending Club issued $279.4 million in notes backed by consumer loans originated on the LendingClub platform. The Consumer Loan Underlying Bond (CLUB) NP Credit Trust 2017-NP1 (CLUB… Read More

Lending Club Shareholders Approve Election of Directors

Lending Club (NYSE:LC) has filed an 8-K with the results of the Annual Meeting including the election of Directors. Present at the Annual Meeting in person or by proxy were holders of 313,460,225 shares of common stock, representing 77.7% of the shares of common stock… Read More

LendingClub Files Presentation in Advance of Annual Shareholders Meeting

LendingClub (NYSE:LC) has filed a new form with the SEC (DEF 14A) in advance of the annual shareholders meeting which is scheduled to take place on June 6, 2017. The addition to the Annual Meeting Proxy Statement, a standard filing, includes a presentation on the… Read More

LendingClub Celebrates Ten Years of Online Lending

LendingClub (NYSE:LC), the largest marketplace lender in the US, is celebrating its tenth anniversary. It is pretty hard to believe that LendingClub is now ten years old. Launched by founder and former CEO Renaud Laplanche back in 2007, like most companies, LendingClub started quite small…. Read More

LendingClub Increases Retail Investor Minimums

LendingClub (NYSE:LC) has upped its minimum deposit to a minimum initial amount of $1,000 for all new retail investors making their first investment through Lending Club. LendingClub said this part of the process of improving the investor experience. While still a small amount, increasing the… Read More

LendingClub Appoints Former PayPal Exec Steve Allocca as President

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has announced the appointment of Steve Allocca as President of the online lending company. Allocca will start at LendingClub on May 22, 2017 and will report directly to LendingClub CEO Scott Sanborn. Allocca will… Read More

Lending Club Schedules Q1 Earnings Call for May 4th

Lending Club (NYSE:LC), the largest marketplace lending platform in the US, has scheduled its Q1 2017 earnings call for Thursday, May 4, 2017. Earnings will be released that day after market close. Lending Club will host a conference call to discuss the first quarter financial… Read More

Invest on the Go. LendingClub Releases iOS App for Investors

LendingClub (NYSE:LC) has not only provided a new option to gain access to credit for both consumers and small business but it has helped to create a new asset class by allowing smaller investors an option to invest in small loans. Today a majority of… Read More

Brief: Credible Closes $10M in Series A Funding Led By Dianrong & LendingClub Co-Founder Soul Htite

Credible, a multi-lender student loan marketplace that allows borrowers to receive competitive loan offers from its vetted lending partners, announced on Wednesday that it has closed its recent $10 million Series A funding round. This round was led by Soul Htite, founder and CEO of Dianrong.com/ co-founder… Read More

OnDeck Capital Expands P2P Offerings in Canada: Transforming North American FinTech

OnDeck Capital, a U.S.-based online marketplace which offers short-term loans to businesses of between $5,000 and $250,000, is expanding its offerings in Canada, joining a growing number of tech-oriented lenders that promise to transform the financial services landscape, according to 680 news.  Experts say Canada has… Read More

Fintech Trends to Watch in 2015: Investing Services, Anti-Social Trading, and Digital Crowdfunding

In a recent post on FxPro by Ron Finberg, he cites the fintech tends to watch during 2015, may they be “either high opportunities or stumbling blocks,” as “service-based investing,” robo investing (“anti-social trading”) and digital-based crowdfunding. “Fintech was a great sector to be in… Read More

Orchard Platform Raises $12M in Series A Funding: An Enviable Harvest

Orchard, the Marketplace Lending Platform backed by Spark Capital, Canaan Partners, and industry veterans, secures $14.7M in total investments Founded in NYC 2013, Orchard Platform, an investment and analytics platform focused on the global marketplace lending market, today announced it has raised $12 million in Series A… Read More

LendingTree Loan Revenue Grows with Addition of P2P Lenders

LendingTree, an online lending exchange that aggregates loan options from many providers, has announced their loan revenue exceeded $1 million during the month of July.  The company also shared their growth has increased seven fold since July of 2013.  This significant growth in both volume… Read More

In Equity Crowdfunding, The Redcoats are Winning

WyrdLight.com

Fresh from my trip across the pond, I can tell you I have seen the light. Crowdfunding can and is working and we (the United States) are behind the eight ball on this one. When describing the US regulatory regime to crowdfunding professionals in the… Read More

Dealstruck Stakes Claim to Small Business Loans

P2P Crowdfunding Platform Sees Exponential Growth. DealStruck is a P2P crowdfunding platform that is focused on loans for small businesses.  They want to combine the best of crowdlending with the best of traditional finance.  Dealstruck states that more than 82% of small businesses seeking loans… Read More