Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Sign in
Reading
Warren Buffett Makes A Huge Investment in Lending Club
ShareTweet
Home
Peer to Peer Lending
Warren Buffett Makes A Huge Investment in Lending Club

Warren Buffett Makes A Huge Investment in Lending Club

Peter Renton·
Peer to Peer Lending
·Apr. 1, 2013·1 min read

[Update: The following story is not true. Warren Buffett has not made an investment in Lending Club. So if you are just stumbling across this article you should keep in mind that it was published on April 1st.]

Big news out of Lending Club this morning. The world’s leading investor, Warren Buffett, has invested $150 million in to Lending Club for a 10% ownership stake that values the company at a whopping $1.5 billion.

This is a coup for Lending Club in so many ways. Buffett is simply the biggest name in investing today and brings with him unparalleled knowledge and experience. There is no one with more finance credibility and this will certainly help raise the profile of both Lending Club and p2p lending worldwide.

This is not Buffett’s first foray into financial services. His company, Berkshire Hathaway has a large stake in American Express, MasterCard, US Bank as well as his new stake in Goldman Sachs that was announced just last week. Clearly, with his latest investment he is aligning himself with a company that could well be at the heart of financial services in the future.

The last cash infusion that Lending Club received was back in June of last year and that valued the company at $540 million. Buffett’s investment means that the value of Lending Club has tripled in less than a year. Given that he is known as the consummate value investor Buffett must believe that at a $1.5 billion valuation Lending Club is still a bargain.

Lending Club has agreed to expand their board from their current eight members to nine to allow Buffett a seat. That is a no-brainer; you want this guy in your board meetings.

I have reached out to the office of the Oracle of Omaha for comment but have not heard back as of this writing. If I ever hear back I will update this post.

photo credit: Fortune Live Media via photopin cc

  • Peter Renton
    Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

    View all posts
Advertisement
Tags
April Fools DayLending ClubWarren Buffett
Related

LendingClub exceeds expectations in strong Q1 earnings

Criminal Masterminds Take a Day Off: No Fintech Fraud Today

LendingClub delivers better than expected earnings in Q4 2023

New SBA Lending Rules Are Only a Start

Popular posts

Today:

  • Revised-AI-InvoiceAI Faces Skepticism. Startups Say: OK, Pay When it Works Jun. 25, 2025
  • Globe-money-symbolsOPINION: Why Brazil and India are leading the global digital shift through payment innovation Jun. 24, 2025
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025
  • PayabliFunded: Payments infrastructure co Payabli lands $28M Series B to AI-ify Jun. 20, 2025
  • TechNexus The AI IssueSteal Like an AI? Defining Fair Use & Creativity Jun. 25, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • TechNexus The AI IssueThe AI Paradox Jun. 18, 2025
  • WP UmbrellaTo Bank or Not to Bank: The ILC Question Jun. 5, 2025
  • DanMurphy-FN-headshotCFPB’s Next Open Banking Battle Begins Jun. 3, 2025

This month:

  • WP UmbrellaTo Bank or Not to Bank: The ILC Question Jun. 5, 2025
  • DanMurphy-FN-headshotCFPB’s Next Open Banking Battle Begins Jun. 3, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • Current stablecoin adoptionWhy Banks (and Fintechs) Need to Embrace Stablecoins Today Jun. 12, 2025
  • ai-work-nexusWalkMe Vets Declare War on SaaS Bloat with $10M Seed for Autonomous Agents Jun. 10, 2025
  • SimonWu-CaptionCathay’s Wu: Secondaries now “a structural pillar” for VC liquidity, exits Apr. 3, 2025
  • Finfluencers(1)Tori Dunlap, Humphrey Yang, Taylor Price–Millions Flock to Finfluencers on TikTok, YouTube–and yes, Facebook–Amid Market Chaos May. 27, 2025
  • Ben Hemani, Founding Partner at Bison VenturesThe Risk and Reward of Betting Big on AI’s Next Frontier Jun. 4, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • Ironclad State of AI ReportThe Economics of AI Trust Jun. 11, 2025

Advertisement
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results