Lending Club

Learning from online lending’s stumble

Learning from online lending’s stumble

“For online lending to regain its footing, it must address the risks inherent in the emerging asset class and clean up the ecosystem.” Online lending had enjoyed significant wind in its sails over the past five years. Aided by the ...

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Biz2Credit begins expansion in India

Biz2Credit begins expansion in India

Now is the perfect time to expand into India, Rohit Arora believes. Mr. Arora is the cofounder and CEO of Biz2Credit, America’s leading online small business marketplace. So far they have arranged more than $1.4 billion in financing  for thousands ...

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Investor group suing Lending Club

Investor group suing Lending Club

The Shareholders Foundation has filed a lawsuit in California on behalf of some purchasers of shares of Lending Club over alleged securities law violations by the marketplace lender. The suit alleges Lending Club made inaccurate statements and/or failed to disclose inadequate internal ...

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Alt-fi heavyweights form Marketplace Lending Association

Alt-fi heavyweights form Marketplace Lending Association

Funding Circle, Lending Club and Prosper Marketplace have launched the Marketplace Lending Association (MLA). The non-profit organization promotes proper business practices and public policy. Among the new organization’s initiatives is the Marketplace Lending Operating Standards, a document addressing investor transparency, ...

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Lending Club joins Millennium Alternative Investment Network

Lending Club joins Millennium Alternative Investment Network

Fintech asset custody solutions provider Millennium Trust Company has added Lending Club to its Millennium Alternative Investment Network (MAIN). MAIN is a centralized, online service which simplifies alternative investment management while providing access to a network of altfi platforms. “MAIN ...

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Lending Club celebrates 2015 results

Lending Club celebrates 2015 results

Despite a plummeting post-IPO share price, there was plenty to celebrate at Lending Club, executives said this week. Loan originations of $2.58 billion in 2015 were an 82 percent increase over 2014’s $1.41 billion. Since being founded in 2006 Lending ...

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Startup traction all about easing pain points

Startup traction all about easing pain points

Count Gilad Woltsovitch among those entrepreneurs whose personal experience played a critical role in the formulation of his company. Mr. Woltsovitch is co-CEO and head of product at Backed, a platform providing young borrowers with accessible and affordable loan products ...

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