Lending-Club

  • The mercurial nature of P2P lending Crunch Network

    The mercurial nature of P2P lending

    The meteoric rise of e-lending platforms attracted a lot of interest among investors and entrepreneurs. Lending Club and OnDeck have already become public companies, and their competitors, such as Funding Circle, SoFi, Prosper, RateSetter, Zopa, Avant, Kabbage and others continue to develop and increase their loan portfolios. Read More

  • For online lenders, it’s suddenly touch-and-go

    For online lenders, it’s suddenly touch-and-go

    A year ago, privately held online lenders like Prosper, SoFi and Avant looked all but certain to go public at the same unicorn valuations their venture investors had assigned them — if not higher. They were seemingly reshaping the student, consumer and small business lending business. The market they’re chasing is enormous: The U.S. consumer lending market is a $3.5… Read More

  • Lending Club shares are crashing after its CEO resigns

    Lending Club shares are crashing after its CEO resigns

    Lending Club shares are down more than 25% — shaving off hundreds of millions of dollars off the company’s roughly $2.5 billion market cap — after it announced its CEO would resign following an internal review of $22 million in near-prime loan sales to a single investor. Renaud Laplanche will leave the company after a review of a loan sale that didn’t meet the… Read More

  • Norwest Raises Third Consecutive $1.2 Billion Fund in Five Years

    Norwest Raises Third Consecutive $1.2 Billion Fund in Five Years

    Norwest Venture Partners, the 55-year-old, Palo Alto, Calif.-based venture firm, has closed its third consecutive $1.2 billion fund. The group, which employs 20 investors altogether, raised the same amount in 2014, as well as in 2010. If Norwest’s single limited partner – the banking giant Wells Fargo – likes what it sees, it’s easy to see why. Read More

  • J.P. Morgan, OnDeck And The Future of Alternative Lending Crunch Network

    J.P. Morgan, OnDeck And The Future of Alternative Lending

    Earlier this month, J.P. Morgan announced a strategic partnership with OnDeck Capital to originate, underwrite, and distribute loans targeted specifically at small businesses. As evidenced by a 28% single-day spike in OnDeck’s share price, this announcement clearly is a big deal to one of the leading FinTech companies today, and has major implications for the future of alternative lending. Read More

  • Lessons From An Advertising Past Crunch Network

    Lessons From An Advertising Past

    The Lending Club IPO was a watershed moment for marketplace lending. One of the largest U.S. public Internet offerings ever, its success makes crystal clear that peer-to-peer lending is not only here to stay, but is poised to grow enormously. With this stamp of validation behind it, the next question is: What lies ahead for the future of marketplace lending? Read More

  • A Super Angel’s View On Venture Capital In 2015 Crunch Network

    A Super Angel’s View On Venture Capital In 2015

    As the first quarter of 2015 draws to a close, it’s clear that the venture capital industry is evolving. Since 2005, thousands of new millionaires have been minted by the IPOs of Alibaba Group, Lending Club, Go Pro, Box, Zendesk, Facebook, Pandora, Zynga, Linkedin, Homeaway, Zipcar and countless others. Read More

  • No Traditional Financial Institutions? No Problem Crunch Network

    No Traditional Financial Institutions? No Problem

    On Lending Club’s February 2015 quarterly earnings call, an analyst asked CEO Renaud Laplanche a simple question: have you considered getting the loans you’re issuing rated? Renaud had a simple answer: We have, but we won’t. As Renaud said, the marketplace lending platform’s loan grading system, which it illustrates on its website, is in many ways more transparent and… Read More

  • Fundbox Raises $40 Million To Pay Invoices On Demand

    Fundbox Raises $40 Million To Pay Invoices On Demand

    Fundbox, a company that loans businesses money for outstanding invoice payments, has raised $40 million to grow its own business in the trillion-dollar alternative lending market. The Series B round was led by General Catalyst with participation from NyCa Investment Partners and help from existing backers Khosla Ventures, Shlomo Kramer and Blumberg Capital. If a small business owner… Read More