LendingClub (NYSE:LC), a Fintech that started as a peer-to-peer lender and now operating as a digital bank, has posted strong 2nd quarter results that easily topped expectations. LendingClub finally turned the corner on profitability shredding guidance that had expected a loss. Shares moved considerably higher… Read More
LendingClub (NYSE:LC), once the largest marketplace lender in the US and now an emerging digital bank, is transitioning away from the Radius Bank brand. As was previously reported, LendingClub acquired federally chartered Radius Bank with the deal closing around the beginning of this year. The… Read More
LendingClub Corporation (NYSE: LC) has announced several executive changes as it focuses on its mission to emerge as a top digital banking operation. In a public statement, LendingClub said it has promoted Ronnie Momen to serve as its first Chief Consumer Banking Officer and hired… Read More
Last month, the US Paycheck Protection Program (PPP) was extended to aid small businesses impacted by the ongoing COVID-19 health crisis. With the program extending, LendingClub Bank says it will support SMEs with access to more PPP loans through its predecessor in interest Radius Bank…. Read More
The shares of LendingClub (NYSE: LC), an online lender and nascent digital bank, have been surging recently. Last week, LendingClub reported an adjusted net loss of $(22.1) million in the fourth quarter, compared to an adjusted net income of $7.0 million the same quarter last… Read More
LendingClub (NYSE: LC), an online lender and nascent digital bank, has announced financial results for Q4 2020 and the full year ending December. According to a release, LendingClub’s adjusted net loss was $(22.1) million in the fourth quarter, compared to adjusted net income of $7.0… Read More
LendingClub (NYSE:LC) says it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp. LendingClub said the deal should close on or around February 1, 2021, subject to completion or waiver of the remaining customary closing conditions. At… Read More
LendingClub (NYSE:LC) will start 2021 on a high note it seems. The online lender and aspiring digital bank has had its acquisition of Radius Bank approved by the Office of the Comptroller of the Currency (OCC), according to many reports. Additionally, the decision letter was… Read More
U.S. digital bank Radius Bank announced on Tuesday the recent launch of its enhanced online business banking platform and mobile app for small business clients. According to Radius Bank, The overhauled user experience was the result of the bank’s continued partnership with fintech startup… Read More
LendingClub (NYSE: LC) has received a nice recognition from the Salt Lake Tribune. A relatively recent presence in Utah, LendingClub has been rccognized as a Top Workplace for 2020. According to a note from LendingClub, the list is based solely on employee feedback gathered through… Read More
LendingClub Corporation (NYSE: LC) has announced its Q3 results for the period ending September 30, 2020. LendingClub, a leading online lender, has been battered by the ongoing COVID-19 health crisis but is reporting a bounce back in loan originations. According to the earnings report, loan… Read More
U.S. digital bank Radius Bank announced on Thursday it has teamed up with API banking group Treasury Prime to launch its commercial API banking platform and developer sandbox. Radius noted that with API banking it is expanding its banking-as-a-service (BaaS) digital platform by offering commercial… Read More
Closing an Important Chapter LendingClub (NYSE:LC), the leading marketplace lender in the US, has filed an 8-K with the Securities and Exchange Commission stating it will cease offering Retail Notes as of the end of 2020. In an email distributed to LendingClub retail investors, the… Read More
U.S. digital bank Radius Bank announced on Monday it has formed a partnership with cross-border solutions provider Currencycloud to offer Radius clients to send money to more than 180 countries around the world. Radius Bank reported that it is using Currencycloud’s APIs to send outgoing… Read More
LendingClub (NYSE:LC) is the leading online consumer lender in the US and the first big Fintech lender to go public on the NYSE. Over $50 billion in lending has been originated on the platform that claims more than 3 million customers. The last few years… Read More
LendingClub (NYSE:LC), the largest online lending marketplace in the United States, has simultaneously announced a GAAP profitable Q4 while revealing it has purchased a federally chartered bank, Radius Bank, thus immediately vaulting the Fintech into the hot digital banking realm. According to a release distributed… Read More
U.S. digital bank Radius Bank announced on Thursday it has teamed up with Credible to expand its digital marketplace. Radius Bank reported that through the partnership, consumers can source competitive rates for student loans, student loan refinancing and personal loans through the Radius platform. The… Read More
Radius Bank, a U.S.-based digital bank, announced on Monday it has formed a partnership with Wallit, a rewards-based savings app for families, to teach teenagers smart money habits. Radius reported it will serve Wallit as a banking partner providing FDIC insurance. Radius Bank reported that… Read More
Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced on Wednesday it has formed a new partnership with NorthOne, a mobile-first, API-enabled banking platform to create small business checking accounts. Radius Bank reported the partnership is the… Read More
Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced last week it has formed a partnership with MassChallenge FinTech, a program matching enterprise-ready fintech startups within industry leaders to bring to market emerging products and services with… Read More
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