LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
Tally closed in August, citing insufficient funding as the primary reason for its shutdown.
LendingClub
LendingClub to cut 225 jobs as interest rate rises impact loan demand
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
LendingClub shuts retail P2P offering as it focuses on institutional investors
The fintech allowed consumers to invest in Notes, corresponding to fractions of loans.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
LendingClub becomes first fintech to buy a US regulated bank
The fintech has acquired the $1.4 billion asset-holding Radius Bank for $185 million.
LendingClub shuts down SME lending arm
And redirects to alternative businesses.
