Marlette Funding Hires Senior LendingClub Executive
Marlette Funding announced that they have hired Andrew Deringer as their Chief Capital Officer; this is a new role for Marlette and will ...
Fintech Lenders Tighten Credit Standards
Last quarter the average personal loan in the U.S. went to borrowers with an average credit score of 717 and income of more ...
Fintech Unicorns Struggling in the Public Markets
The Wall Street Journal takes a look at the fintech unicorns that have gone public and have mostly struggled since then; the share ...
A Look Back at the Five Years Since the LendingClub IPO
It was five years ago that LendingClub went public; they were the first online lending platform to complete an IPO and at the ...
How LendingClub’s Structured Products Turned to Company’s Fortunes
LendingClub was in a free fall in 2016 after their CEO stepped down amid scandals and conflicts of interest and institutional investors stopped ...
Over 20 Million Americans Have Taken Out a Personal Loan Recently
The Washington Post is reporting that personal loans are “growing like a weed” and this could be a warning sign for the overall ...
What Will a LendingClub Bank Look Like?
Crowdfund Insider looks at the history of LendingClub as a public company and explores what their new bank initiative might look like; the ...
LendingClub CEO Shares Perspectives on the American Consumer
Earlier this week LendingClub released their Q3 2019 earnings where CEO Scott Sanborn shared that consumer spending remains strong though there is also ...
LendingClub Q3 2019 Earnings Results Review
Yesterday LendingClub reported their Q3 2019 earnings; the company posted record origination and revenues and are approaching GAAP profitability; originations were $3.3 billion ...
What Banks are Leveraging AI in the US?
It’s not surprising that many of the lenders that use AI today are fintechs like LendingClub, Kabbage and Upstart; for the most part other ...