Lending-Club

  • 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

  • Alibaba And Lending Club Launch Financing Program For U.S. Businesses

    Alibaba And Lending Club Launch Financing Program For U.S. Businesses

    Alibaba.com and peer-to-peer financing site Lending Club have inked a strategic partnership designed to get more U.S. businesses to buy inventory from the e-commerce giant’s wholesale marketplace. The two will offer a new financial service called the Alibaba.com e-Credit Line that will let American companies apply for credit lines of $5,000 to $300,000 through the site, which they can… Read More

  • New Relic And Hortonworks See Strong Public Debuts

    New Relic And Hortonworks See Strong Public Debuts

    In early trading, New Relic’s shares are up 31 percent in its first day as a public company. Another technology company, Hortonworks, will begin trading this morning as well. Update: Hortonworks has opened to a massive gain of more than 40 percent as well. For tech IPOs, today is a huge day. The two companies are trading on different exchanges, with New Relic selecting the NYSE, and… Read More

  • SoFi Closes On $80 Million To Expand Its Lending Business

    SoFi Closes On $80 Million To Expand Its Lending Business

    Confirming our earlier reporting, the peer-to-peer lender Social Finance said it closed on $80 million in fresh funding, as it looks to expand its lending operations to mortgages and personal loans. Read More