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Peer2Peer Finance News | September 25, 2018

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LendingClub

Victory Park Capital joins Marketplace Lending Association

May 16, 2018 |

VICTORY Park Capital (VPC) has joined US industry body the Marketplace Lending Association (MLA).

VPC, which manages the London-listed alternative finance fund VPC Specialty Lending, has joined as an associate and investor council member along with Laurel Road, Education Loan … Read More

Upgrade launches personal credit offering

April 10, 2018 |

UPGRADE, the online consumer finance start-up founded by former LendingClub boss Renaud Laplanche, is set to launch a personal credit product.

Personal Credit Line is a hybrid of a personal loan and credit card that will offer US consumers up … Read More

LendingClub sends shares down after lowering revenue forecasts

November 8, 2017 |

LENDINGCLUB has seen its share price plummet 20 per cent after lowering its revenue forecast and announcing a change in its approach to borrowers.

The US peer-to-peer lending giant reported the highest revenue in the company’s history for the third … Read More

LendingClub’s Laplanche must face shareholder lawsuit

May 26, 2017 |

LENDINGCLUB founder Renaud Laplanche’s efforts to dismiss shareholder lawsuits have been rejected by a federal judge.

Investors in the US peer-to-peer lending giant had accused the former chief executive of concealing material weaknesses in LendingClub’s ability to monitor its operations, … Read More

LendingClub founder Laplanche launches new platform

April 7, 2017 |

FORMER LendingClub boss Renaud Laplanche has launched online consumer finance provider Upgrade, his third foray into the US peer-to-peer lending sector after participating in its largest governance scandal to date.

His new San Francisco-based company has raised $60m (£48.3m) in equity and convertible … Read More

Lending Club’s former CEO investigated over share buyback

October 5, 2016 |

RENAUD Laplanche is being investigated by the U.S. Securities and Exchange Commission (SEC) over his role in Lending Club’s $150m (£118m) share buyback.

Sources have told Bloomberg that the SEC is looking into allegations that Laplanche encouraged the US peer-to-peer platform to … Read More

LendingClub hires Thomas Casey as CFO

September 13, 2016 |

LENDINGCLUB today said it has hired industry veteran Thomas Casey as its chief financial officer.

The scandal-struck US peer-to-peer platform lost its former CFO Carrie Dolan last month, following the high-profile resignation of founder Renaud Laplanche as chief executive on … Read More