According to Bloomberg, the company is in advanced talks for the latest round; the valuation would be about double of Affirm’s last round in April 2016; Affirm works with over 1,000 retailers and also recently rolled out a mobile app which includes a virtual credit card; the point of sale loans have annual percentage rates between 10-30%. Source
[Editor’s note: Many of us have questions on marketplace lending loan valuation so when we were approached to see if...
The company may go public as soon as late autumn; sources state that the company will exceed a £1 billion valuation; investment banks are expected to be in place by spring; Funding Circle would be the first p2p lender in the UK to go public. Source
According to this piece published in the Financial Times this afternoon Lending Club has boosted the size of its planned IPO...
Lending Club has a new S-1 registration out this morning as they begin their investor roadshow this week. It gives...
[Editor’s note: Many people have been discussing Lending Club’s somewhat lofty valuation so I thought it would be useful to...
Two fintech legends, Steve McLaughlin of FT Partners and Ron Suber, sat down to discuss raising capital and M&A in...
Lend Academy digs in to the complex topic of valuation with this Q&A piece conducted with Houlihan Lokey. Source
More big news out of Lending Club this morning. I reported in May about Google’s investment in Lending Club that...
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https://lendit.wistia.com/medias/zmw4ew8yhx?embedType=async&videoFoam=true&videoWidth=640 London is the undisputed heavyweight champion of fintech, but it has found itself with a PR problem: Brexit. Will...