Lending Club, Wealthfront and Intuit team for consumer data
What do you get when you combine Intuit, Lending Club and Wealthfront?
What do you get when you combine Intuit, Lending Club and Wealthfront?
Renaud Laplanche seeks redemption from Lending Club debacle.
Lending Club has experienced a double blow – with a net loss of $81.4 million and the departure of its CFO. These latest developments follow in the wake of the recent jobs cuts and reorganisation of its top brass. That was all initiated as the firm is looking to rebuild investor confidence following the untimely […]
Jobs will go as Lending Club reorganises its top brass and looks to rebuild investor confidence following the untimely resignation of former chairman and CEO Renaud Laplanche. Laplanche resigned in May following an internal review of sales of $22 million in near-prime loans to a “single investor”, in contravention of the investor’s express instructions, according […]
Lending Club’s chairman and CEO Renaud Laplanche has resigned following an internal review of sales of $22 million in near-prime loans to a single investor, in contravention of the investor’s express instructions. Shares in the US-based company fell by more than 20% today (9 May) as a result of the shock departure. Scott Sanborn will […]
Mike Lobanov, partner at Target Global, takes a look at the recent fluctuations in Lending Club’s share price to assess the impact on the peer-to-peer (P2P) industries. The P2P lending platform Lending Club is proudly the largest platform of its kind in the US. Founded in 2007, it successfully raised in excess of $390 million […]
The growth of peer to peer lending demonstrates that there is an alternative to the traditional lending model of banks. But can crowd funders ever replace the incumbents and do they enjoy long-run advantages or face being co-opted?