While hosting their first investor day the online lender again cut guidance for profits and shares fell to record lows; “The last 18 months have been among the most challenging of my career, but my conviction has never wavered: consumer credit is a data problem that a technology-driven marketplace is well positioned to solve,” CEO Scott Sanborn said at the investor day; Lending Club has had is share of issues and new entrants like Marcus have begun to crowd the market; not all investors are put off by the news, Chinese investor Shanda said he was keeping the faith in the lender as they recently made a big investment. Source.
Today Lending Club announced their first quarter earnings for 2015. The big focus on Lending Club has been rising expenses which...
Lending Club held it’s Q2 2015 earnings call today and expenses continue to be on the minds of many investors. The stock has had...
Mitchel Harad has been the Vice President of Marketing at Lending Club since 2011. But my history with Mitchel goes...
Lending Club files an 8K for a $200mn warehouse funding agreement; JPMorgan Chase was the administrative agent and Wilmington Trust was the collateral trustee; the revolving credit facility will be with certain lenders not yet announced; the move is another step in the funding sources diversification direction the company discussed late last year. Source.
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Lending Club has announced the creation of five year loans, adding a longer term peer to peer loan alternative that...
Lending Club held its first earnings call announcing Q4 2014 earnings results. The stock has had incredible swings since the...
John MacIlwaine has taken a new role as chief technology officer at Braintree; Braintree is a mobile payments technology company owned by PayPal; MacIlwaine submitted his resignation at Lending Club in December. Source
It was nearly a year ago when an astute Lend Academy reader first noticed Lending Club’s plan to start a...
Well the time has finally come. It has been more than 20 months since Renaud Laplanche, the CEO and founder...