Tuesday, June 28, 2022
Tags Lending Club

Tag: Lending Club

Former Lending Club CEO launches rival platform with $60m

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

Tech will lead to new sub-prime crunch

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

Damage from scandal continues to hit Lending Club

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 hires former Lending Club exec John MacIlwaine as CTO

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

Lending Club releases investor update on loss forecasts

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

Lending Club’s terrible twos

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 Korean insurer buys 4.1% stake in Lending Club for $66m

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

Lending Club probe said to review buyback as Laplanche faced loss

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 Chief Capital Officer reassures investors

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

Lending Club hires new CFO to lead through turbulent times

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

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