Sections
Lending Club
-
EarningsLendingClub Logs Lower-Than-Expected Losses
Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of...
-
Data DiveData Dive, Reset Button Edition: Zelle, LendingClub and MoviePass
Hitting “reset” has been the top-line news item globally this week. North Korea and South Korea are progressing toward a formal end to the...
-
Alternative FinancesWhy Marketplace Lending Needs Less Transparency, Not More
Marketplace lending platforms — Lending Club, OnDeck, Prosper and the like — have inarguably and fundamentally altered the geography of the lending...
-
Alternative FinancesVenture Capitalists Wary Of Online Lenders
With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show...
-
RetailIndia’s Rentomojo Raises $10M For Expansion, Brand Awareness
Rentomojo, the Indian startup that enables consumers to rent appliances, furniture and other items, has raised $10 million in venture funding. According...
-
Alternative FinancesRenaud Laplanche’s Second Act
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as...
-
EarningsLending Club Keeps Pushing Its Comeback
The last 12 months have undoubtedly been a difficult period for marketplace lending pioneer Lending Club. In the year since the firm...
-
LoansHelping Investors Avoid The Lending Club Trap
Transparency cures all ills — especially in the online lending space where investors need certainty the pools of debt they’re buying are...
-
Consumer FinanceElevate Goes Public; Stocks Closes Higher On First Day Of Trading
Elevate Credit, the lending startup that last year delayed its initial public offering, went public late last week, beginning trading on the...
-
Alternative FinancesLending Club’s Laplanche Back With New Venture
There are second acts in financial services, it seems — or at least interesting attempts at them. Renaud Laplanche, Lending Club’s former...
-
Alternative FinancesLending Club Beats The Street, Wants To Be BFFs With Banks
Lending Club managed to do something yesterday that it hasn’t been quite able to pull off in six months — it shocked The...
-
Alternative FinancesLending Club’s Tough Fall
Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its...
-
Partnerships / AcquisitionsLendingRobot Launches Product That Connects With Lending Club
LendingRobot, the peer lending robo-advisor, announced on Thursday (Oct. 13) a new product connecting to the Lending Club platform, called LendingRobot For...
-
Alternative FinancesLending Club Has A New CFO
Embattled marketplace lender Lending Club has appointed a new CFO. Thomas Casey will replace Lending Club’s longtime financial chief, Carrie Dolan, who...
-
B2B PaymentsOne Lending Club Investor Uncovered Its Questionable Practices
Lending Club suffered a widely publicized downfall this year when its CEO resigned after revelations of potential improper lending practices. Three months...
-
Payments InnovationSizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List
The Olympic athletes are undoubtedly the biggest Sizzle of all this week, and Team USA has given new meaning to the word....
-
Alternative FinancesLending Club Appoints BlackRock Veteran As Chief Capital Officer
Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick...
-
Alternative FinancesLendingClub’s Skyrocketing Charge-Offs
Proving the old adage that troubles never travel alone and instead choose to hunt in packs – LendingClub is facing yet another...
-
Payment MethodsLending Club Says Ex-CEO Inflated Company’s Volumes
Online lender Lending Club said Tuesday (June 28) that its founder and former CEO borrowed from the company in what amounted to...
- Alternative Finances
Lending Club Names Scott Sanborn CEO
There’s big news out of Lending Club this morning. The pioneering marketplace lender has simultaneously announced the hiring of a new CEO...
-
Payments InnovationFinTech’s Bright Future Marred by Hype
Silicon Valley has the banking industry in its crosshairs. Hardly a day, hardly even a nanosecond, goes by without a VC, entrepreneur,...
-
Mobile CommerceNever A Dull Moment: The Wild Week With CurrentC, Uber And Lending Club
The news cycle has apparently not yet gotten the memo about summer being the slow season. Some of the news was inspiring:...
-
Alternative FinancesLending Club Holds More Funding Talks
The movement by Lending Club to obtain financing in order to help shore up capital appears to be gaining traction. As reported...
-
Alternative FinancesLending Club Site Hiccup Causes Investor Worry
A testament to just how difficult and uncertain the Lending Club situation has been of late — a slight hiccup in the...
-
Alternative FinancesLaplanche Eyes Lending Club Buy While Investors Flee And Annual Shareholder Meeting Is Postponed
Well, one can say this much for Lending Club: For whatever difficulties it seems to have keeping paperwork straight and investors on...
-
InvestmentsLendingRobot Still Bullish About Lending Club Integration
The trading platform known as LendingRobot is enabling investors to invest in loans tied to both the primary and secondary markets, said...
-
Alternative FinancesWhat Lending Club’s Board Doesn’t Know Is Hurting It
One of the funds controlled by Lending Club that invests in its online consumer loans is coming off of a bad month....
-
Alternative FinancesMeet Lending Club’s Largest Shareholder
Lending Club – and the alternative lending industry overall – has lost a lot of support in just a few short weeks...
-
Alternative FinancesCiti Says ‘No Thanks’ To Lending Club
In the continuing emergence of details surrounding Lending Club and its woes in the wake of the resignation earlier this month of...
-
NewsPayments Summer Blockbusters Waiting To Be Written
For good or ill, summer blockbuster season is undeniably upon us. The highest grossing two movies of the last month have been...
-
RegulationNY Regulators Launch Lending Club Probe
In the latest chapter of the Lending Club drama, on Thursday (May 19), it came to light that New York’s highest-ranking financial...
-
Payment MethodsAll Quiet On The Unicorn Front
No new unicorns, no downrounds, but some hints of turbulence on the regulatory front. Plus, Donald Trump weighs in on the tech...
- Alternative Finances
Lending Club Slapped With Shareholder Lawsuit
Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late...
- Alternative Finances
The Clock Is Ticking For Lending Club
Brutal. If one were forced to come up with a single-word description for the week that the remaining executive team at Lending...
-
Alternative FinancesA Brief History Of Lending Club
The recent history of Lending Club is well-known to, frankly, probably just about everyone at this point. Founder Renaud Laplanche pulled off the...
-
Security & FraudSizzle Or Fizzle: Payday Loans, Wells Fargo, Chip Cards – And Cybersecurity
April showers are supposed to bring May flowers, but so far, they’ve brought more fizzles than sizzles. This week, in particular, was...
-
InternationalLending Club Ripple Effect Reaches Across The Pond
The Lending Club saga has had reverberations across the pond, according to Reuters. As noted by the newswire on Tuesday (May 10),...
- Alternative Finances
Banks Push Pause On Lending Club Deals
The fallout from Lending Club’s admissions of improper loan sales earlier this week might come in the form of chilly reception for...
-
EarningsLending Club Closes Under $5 A Share
Shares of Lending Club broke through what might be an important psychological barrier on Monday (May 9) — the $5 level —...
- Alternative Finances
Lending Club’s Bombshell And Alt-Lending Aftershocks
“What is even more exciting is the potential of where we are headed. I feel that our competitive advantage compared to traditional...
- Alternative Finances
Lending Club CEO Resigns
Renaud Laplanche, the CEO of Lending Club, has resigned following a board investigation regarding allegations of improper practices surrounding a loan sale with...
-
Alternative FinancesLending Club, Funding Circle And Prosper Join Forces And Form A Trade Association
On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces...
- Marketplace Lending Platform
Is The Tide Going Out On Marketplace Lending?
Warren Buffett is a lot more than just a mega-billionaire and one of the world’s most revered investors. He’s a philanthropist. He’s...
-
Alternative FinancesLending Club’s Bumpy Ride
Even by the unusually turbulent standards set by the first eventful 31 days of 2016, Lending Club’s entrance into the new year...
-
InternationalWall Street Warming Up To FinTech Startups
The movement to fund FinTech is gathering steam, at least on Wall Street, where traditional, and traditionally rather buttoned-up, banks are joining...
- News
Lending Club Launches In Three More US States
Lending Club, the online peer-to-peer lending platform, said Friday (Sept. 18) that it is expanding its reach domestically, adding three states to...
- In Depth
Will Wall Street Carnage Hurt Startups?
As stocks plunge double digits, and investors fret about China, there’s another group of casualties a-brewing – startups that have flown high...
-
Alternative FinancesWill The Market Cool-Off Freeze Some Alt Lending Players?
When the stock market opens and immediately drops a thousand points, it is an eye-catching moment for investors everywhere. And that is what...
- Alternative Finances
US Treasury Eyes Marketplace Lending Practices
The U.S. Treasury Department will open a study on the lending practices within the fast-growing online marketplace sector, the agency announced yesterday...
- Alternative Finances
Lendingkart Secures $10M To Help India’s SMBs
Lendingkart is on its way to helping more small businesses in India secure more capital. The New Delhi-based company recently raised $10 million,...
