Tag: Lending Club

Former Lending Club CEO Renaud Laplanche is launching a new consumer lending startup Upgrade with $60m in funding. Read more: www.fintechroundup.com

In October 2016, two leading P2P platforms in the U.S. -- Lending Club and Prosper -- announced a new increase in interest rates for lower-grade loans. Read more: techcrunch.com

The San Francisco company reported a $32m loss during the fourth quarter, bringing its losses for the full year to $146m. Read more: www.americanbanker.com

Braintree has hired a new chief technology officer in a move designed to ease the workload of Juan Benitez. Read more: venturebeat.com

lending clubLending Club has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. Read more: www.crowdfundinsider.com

Whatever Lending Club does, however, it will need to do it soon, as its share price continues to suffer. As the writing of this piece, it is a $5.56 per share — a far cry from the $15 it started at two years ago. Read more: www.pymnts.com

South Korea’s Hanwha Life Insurance has acquired a 4.1% stake in troubled peer-to-peer lending firm Lending Club. Read more: www.fintechroundup.com

Wall Street’s top cop is scrutinising whether the founder of Lending Club advocated for the company to prop up its shares without telling the board about a possible conflict of interest. Read more: www.bloomberg.com

Lending Club (NYSE:LC) has been stocking up on new executive hires during the past several months. Read more: www.crowdfundinsider.com

Lending Club has brought in its new CFO. Thomas Casey is joining the wavering peer-to-peer lending company following the departure of Carrie Dolan. Read more: www.fintechroundup.com