LendingClub

LendingClub is an American peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission, and to offer loan trading on a secondary market.

Source: lendingclub.com

Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit

Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
August 23, 2018  |  Loans

When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done...

READ MORE >
FinTechs Wary Of US Bank Charter Plan
FinTechs Wary Of US Bank Charter Plan
August 15, 2018  |  Banking

Despite having the chance to apply for banking licenses with the Office of the Comptroller of the Currency, many online lenders are proceeding with caution....

READ MORE >
LendingClub Reports Record Revenue, Originations In Q2
LendingClub Reports Record Revenue, Originations In Q2
August 08, 2018  |  Earnings

It’s been a good week for marketplace lenders on The Street. After OnDeck announced that it had notched better-than-expected earnings and loan volume, LendingClub followed suit...

READ MORE >
Personal Loans Are The Fastest-Growing Lending Category
Personal Loans Are The Fastest-Growing Lending Category
July 04, 2018  |  Loans

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first...

READ MORE >
Why Digital Lenders Are Tightening Their Lending Criteria
Why Digital Lenders Are Tightening Their Lending Criteria
June 12, 2018  |  Alternative Credit

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital....

READ MORE >
What are the Forces Behind the GreenSky IPO?
What are the Forces Behind the GreenSky IPO?
May 17, 2018  |  IPO

GreenSky is going big, hoping to raise nearly $750 million for its initial public offering, an achievement that would put the lending FinTech firm in...

READ MORE >
Finding Value While Fending Off Threats
Finding Value While Fending Off Threats
May 11, 2018  |  Today In Data

For years, it seemed every payments prestidigitator was predicting an imminent mobile disruption. After a run of false starts, the digital revolution is finally upon us....

READ MORE >
Lending Club Surprises With Profits On Higher Loan Volume
Lending Club Surprises With Profits On Higher Loan Volume
May 09, 2018  |  Alternative Credit

Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that it loading up...

READ MORE >