• Why your wallet is becoming the next platform Crunch Network

    Why your wallet is becoming the next platform

    As digital wallets increasingly become the origination point for consumer spending, they will become THE platform for downstream financial services — creating an opportunity for startups and a problem for established players. Read More

  • What Lending Club’s falling share price means for the P2P lending sector Crunch Network

    What Lending Club’s falling share price means for the P2P lending sector

    Lending Club, the largest P2P lending platform in the U.S., has seen its share price drop by more than 50 percent since December 10; the price per share on the NASDAQ Stock Market dropped from $14 to less than $7 (current price per share will vary). So what is the reason for such a precipitous decline in the share price of the world’s leading P2P lender, and what does it tell us about… Read More

  • Biz2Credit Gets $250 Million Commitment

    Biz2Credit Gets $250 Million Commitment

    Lending startups are en vogue this year, with LendingClub and OnDeck planting the flag for the industry in public markets (and offering healthy returns to investors). But there’s a crop of other lenders and service providers waiting in the wings, like Biz2Credit, which just received a $250 million commitment from investment firm Direct Lending Investments. Read More

  • LendingClub Files For $500M IPO

    LendingClub Files For $500M IPO

    LendingClub, a company that provides an online loan marketplace, filed today to go public. According to its S-1 document, the company intends to raise up to $500 million in its flotation. LendingClub, as with many technology companies currently seeking the public markets, has quickly growing revenues but isn’t profitable. Read More

  • Lending Club Gets A $12 Million Credibility Boost

    P2P money lending service Lending Club has closed a $12 million Series B round with Morgenthaler Ventures as the lead and joined by existing investors Norwest Venture Partners and Canaan Partners. The total capital invested in the company is now $30 million. (It raised $12 million in angel and Series A funding in 2007, and then another $6 million in a Series A extension in September… Read More

  • LendingClub To Close $10.26 Million Series A

    Peer to peer lending service Lending Club will close a $10.26 million series A round of financing from Norwest Venture Partners and Canaan Partners tomorrow. This comes a few months after the company’s $2 million angel round. Coinciding with the investment, Jeff Crowe and Dan Ciporin (former ceo of shopping.com) are joining Lending Club’s board of directors. Similar to other… Read More