Lending-Club

Credit-focused fintech startup Upgrade raises $40M after reaching $100M run rate

This morning Upgrade, a credit-focused fintech startup, announced that it has raised a $40 million Series D round that the company says gives it a $1 billion valuation. The Upgrade round slots neatly

Patch Homes locks in $5M Series A to give homeowners financial freedom without debt

Home ownership has long been touted as the American dream. But rising rates of mortgage debt and student loan debt are making the pursuit of home ownership a nightmare. Debt-burdened individuals or t

Embedded finance, or why fintech mega VC rounds have become so common

Another day, another monster fintech venture round. This morning, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised

Optimizely raises $50M Series D round for its experimentation platform

Optimizely, a platform that offers tools for A/B testing and personalization on the web and in mobile apps, today announced that it has raised a total of $105 million. This includes a $50 million Seri

Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

Andreessen Horowitz <3 Latin American startups. Latin America is the only region outside of the U.S. where the venture firm is routinely investing capital, and it just made another commitment, doub

Nyca Partners’ Hans Morris hunts for great fintech investments amid volatility

Hans Morris is a name to know in fintech, and as finance and tech sectors prepare for tougher time next year, he has some incisive thoughts to share about the kinds of companies that will succeed (or

Upgrade, the newest lending startup of Lending Club founder Renaud Laplanche, has raised $62 million in Series C funding

Upgrade, a two-year-old, San Francisco-based consumer lending venture founded by Renaud Laplanche, has raised $62 million in Series C funding led by CreditEase Fintech Investment Fund. The company&#8

India’s Rentomojo raises $10M from Bain Capital and Lending Club founder

Indian startup Rentomojo -- which lets consumers rent appliances furniture, motorbikes and other urban living essentials -- has closed a $10 million Series B to continue its expansion. The round w

Lending Club founder Renaud Laplanche is back with a new startup and $60 million in funding

Renaud Laplanche had a terrible no good very bad 2016. But the founder and longtime CEO of Lending Club is back with a new lending startup called Upgrade, along with the support of investors who’ve

Lending Club zooms into car refinancings in turnaround effort

Many Americans learned through Lending Club that they can refinance their credit card debt online; now, the lending marketplace is hoping they’ll start refinancing their automotive loans usi

How startups are trying to fix consumer debt

Consumer debt remains one of the biggest challenges with the American economy. The average household has $130,922 in debt, and debt interest payments represent 9 percent of the average household incom

Troubled P2P lender LendingClub names Scott Sanborn CEO, cuts 179 jobs amid lower loan volume

Yet more changes afoot for LendingClub — a peer-to-peer loans marketplace whose stock tanked May after its founder, CEO and chairman Renauld Laplanche resigned amid an accounting scandal. A

Lending Club’s site goes down

[Update: As of 6:40 p.m. PST last night, the site was back up and running, but it appears to be down again this Thursday morning, as of at least 6:10 a.m. PST.] Lending Club’s site has gone do

Lending Robot makes Lending Club investing easy as setting screen brightness

Thanks to Lending Robot, even those who took their finance lessons from Margot Robbie and Anthony Bourdain in “The Big Short” can invest in loans via primary and secondary markets. Users will be

In defense of online lending

The marketplace industry will be just fine. It is uncertainty – rather than a fundamental flaw in the business model – that is the root cause of the sector’s present turmoil. There’s uncertain

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 Fun

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

A year ago, privately held online lenders like <a target="_blank" href="https://www.prosper.com">Prosper</a>, <a target="_blank" href="https://www.sofi.com/">SoFi</a> and <a target="_blank" href="htt

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

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 a

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%
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