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Lending Club Earnings Results Review – Q1 2015

by Ryan Lichtenwald on May 5, 2015

Lending Club Q1 2015 Earnings Overview

Today Lending Club announced their first quarter earnings for 2015. The big focus on Lending Club has been rising expenses which was addressed in the call. Sales and marketing expenses as a total of originations have decreased from 2.16% to 2.04% year over year due to channel efficiency. In Q1 2015, they crossed the $1.5 billion mark in originations with over $1.6 billion for the quarter. This is an increase of 107% year-over-year with last year coming in at $791 million for the same time period. Total loan originations are sitting at $9.2 billion, which means we will see them cross the $10 billion mark next quarter.

Lending Club Total Loan Issuance Q1 2015

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Watch the Keynote Speakers from LendIt USA 2015

by Ryan Lichtenwald on May 4, 2015

Just last month we hosted our largest event, which brought together nearly 2,500 delegates to New York for LendIt USA 2015. As with all of our conferences, we make the recordings to every presentation available on LendIt.co, but wanted to highlight three keynote speakers. Below, you will find presentations from Renaud Laplanche (Founder & CEO, Lending Club), Ron Suber (President, Prosper) and Lawrence Summers (Former U.S. Treasury Secretary).

Renaud Laplanche’s keynote focused on leveraging technology as he spoke about the topic Is Banking an Engineering Problem?  [click to continue…]

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Marketplace Lending News Roundup – May 2, 2015

May 2, 2015

During the week I share the latest marketplace lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Four British Startups Breaking Through The Billion Dollar Mark from Forbes – Leading the list of billion dollar startups in the UK […]

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Ranger Direct Lending Fund Launches on the London Stock Exchange

May 1, 2015

Today, a new direct lending fund from Ranger Capital will be listed on the London Stock Exchange. This will be the fourth fund of its kind to be listed on the London Stock Exchange. The offering for the Ranger Direct Lending Fund was oversubscribed at £10 per share with a total market capitalization of £135 million […]

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Here Comes the Sun: Sunlight (Not “Shadow”) Banking Heralds the Future

April 27, 2015

[Editor’s Note: This is a guest post from Bill Ullman. Bill has over 20 years of financial services experience as an investment banker, operating executive, investment manager and Board member. Prior to starting his own firm, Right Wall Capital Management, LLC in 2006, Bill was a senior banker and executive at Bear Stearns and Merrill Lynch, […]

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Marketplace Lending News Roundup – April 25, 2015

April 25, 2015

Peter is on vacation this week, so I have put together the news roundup. During the week we share the latest marketplace lending news on Twitter as it happens. Then every Saturday we take the most interesting news items and blog posts from the past week and share them here. The P2P Explosion: Business Models May Change, but Risks […]

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Funding Circle Announces $150 Million Equity Round

April 22, 2015

    Funding Circle is the latest marketplace lender to announce a large financing round. The $150 million equity round was led by DST Global, Ballie Gifford, a fund managed by BlackRock, Sands Capital Ventures and Temasek. The company also recently crossed $1 billion in originations and are doing $75 million per month across the […]

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Marketplace Lending News Roundup – April 18, 2015

April 18, 2015

During the week I share the latest marketplace lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. At LendIt this week there was well over 50 announcements so there is no shortage of news. And there was also some […]

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Wrap-Up of the LendIt USA 2015 Conference

April 17, 2015

What a week. I have been in New York putting on the latest edition of LendIt, the online lending conference that I co-founded just a couple of years ago. We had our first LendIt USA conference in New York in June 2013 with just over 350 people; in San Francisco last year we had almost […]

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Avant Launches Institutional Marketplace with Some Big Name Investors

April 13, 2015

Avant has been somewhat of a quiet achiever in the online lending space. In just over two years CEO Al Goldstein and his team have built a successful business that is set to become a dominant player. Strictly a balance sheet lender until now, Avant is launching their institutional marketplace today. And they have signed […]

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