Prosper is the latest Silicon Valley company to get dinged by, and settle charges with, the SEC

Another Silicon Valley company is settling with the SEC: the online lending company Prosper, which the SEC had accused of “miscalculating and materially overstating annualized net returns to ret

Understanding Renaud Laplanche’s next Upgraded act

Renaud Laplanche spent ten years building LendingClub. In the process, he created an industry from scratch. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Lar

Online lender Earnest sells to Navient, in a disappointing deal for investors

Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to repor

Instacart CMO Cheryl Law is no longer at the company

Instacart CMO Cheryl Law is no longer at the company, TechCrunch has learned. Instacart confirmed the departure. We were tipped off about her departure a bit before the whole Amazon making a $13.7B bi

CrunchBase Spotlight: Data hints at down rounds, but not wipeout, for marketplace lending

Marketplace lending may not be prospering now but a resurgence could be on deck.

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="">Prosper</a>, <a target="_blank" href="">SoFi</a> and <a target="_blank" href="htt

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 proble

Making sense of the lending industry’s rapid changes

Lending, one of the biggest industries, is currently undergoing a transformation. As it was with the automobile industry transformation, a number of modern innovators will probably face serious diffic

Prosper Marketplace relaunches its BillGuard app under the Prosper brand

Prosper Marketplace, the marketplace lender focused on refinancing and credit rehabilitation, has re-launched its BillGuard app (acquired last September) under its own brand as Prosper Daily. With

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

Our 2016 Predictions For The IPO Market

2015 was not a good year for IPOs — it was actually the worst year for tech IPOs since the financial crisis in 2009. More and more startups are opting to remain private for longer periods of time. A

Peer To Peer Lending Marketplace Prosper Raises $70M, a peer-to-peer lending marketplace in the U.S., has raised $70 million led by Francisco Partners, a private equity firm with Institutional Venture Partners (IVP) and Phenomen Ventures par

Lending Marketplace Prosper Locks Down $25M From Sequoia, BlackRock

Prosper, a peer-to-peer lending platform, announced today that it has raised an additional $25 million. The round was led by Sequoia, a longtime investor in the company, with participation from BlackR

Peer-To-Peer Lending Marketplace Prosper Raises $20M From Sequoia, Eric Schmidt And Others; Brings On New CEO

<a target="_blank" href="">,</a> a peer-to-peer lending marketplace in the U.S., has raised $20 million in new funding led by Sequoia, with the company's existing inv

Social Lending Marketplace Prosper Raises $17.2M From Eric Schmidt, DFJ, Others

<img src="" class="shot2" /> <a href=""></a>, a social lending marketplace that connects borrowers with

Lending Club Surpasses $10M In Monthly Loan Fundings, Makes Key Hire

<img src="" class="shot2" />Peer-to-peer lending network <a href="">Lending Club</a> this morning a

Prosper Raises $14.7 Million For Peer To Peer Lending Market; Eric Schmidt Invests

<img src="" class="snap_nopreview shot2" alt="" /><a href="">,</a> a popular peer-to-peer lending marketplace

Old Line Banker Puts $1 Million Into P2P Lender Prosper

<img src="" width="141" height="31" /> <a href="">,</a> a popular peer-to-peer lending market
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