This morning Lending Club and Prosper crossed another major milestone. There have now been more than $2 billion in total...
What a great month for the two leading p2p lenders. Combined they issued $160.4 million in new loans. This is...
How rising interest rates would affect marketplace lenders has been a question that many people have been asking for a long...
Happy Halloween everyone. October is in the books and there is nothing spooky about the results from Lending Club and...
Scott Sanborn took over as chief executive officer at Lending Club, facing the challenge of rebuilding confidence in an innovative business model that helped to introduce the concept of P2P lending to the US in 2006; bringing unique experiences from a career that began in advertising, Sanborn has been with Lending Club since 2010, beginning in a role as chief marketing officer for the firm; in the Q&A he provides details about the firm's strategy for evolving through challenging times and what the firm is doing to meet new goals for the future. Source
While hosting their first investor day the online lender again cut guidance for profits and shares fell to record lows; “The last 18 months have been among the most challenging of my career, but my conviction has never wavered: consumer credit is a data problem that a technology-driven marketplace is well positioned to solve,” CEO Scott Sanborn said at the investor day; Lending Club has had is share of issues and new entrants like Marcus have begun to crowd the market; not all investors are put off by the news, Chinese investor Shanda said he was keeping the faith in the lender as they recently made a big investment. Source.
A question investors often ask when investing in Lending Club and Prosper loans is whether they should invest in 36 month...
Two months ago I reviewed Lending Club PRIME sharing my thoughts and results after opening the account in April 2010....
Every quarter I take some time to share how my p2p lending returns have been doing. I open the kimono...
Today, Lending Club released an updated S-1 filing for its upcoming IPO. In this document is the long awaited confirmation...