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Peer2Peer Finance News | September 24, 2018

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Renaud Laplanche

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

Zopa’s Janardana among confirmed speakers at LendIt Europe

September 13, 2017 |

ZOPA chief executive Jaidev Janardana is among the keynote speakers confirmed for this year’s LendIt Europe.

The head of the UK’s largest consumer peer-to-peer lender is part of the top line-up at Europe’s largest fintech and lending event, which takes … Read More

LendingClub shakes off governance troubles with loanbook and revenue boost

August 8, 2017 |

US PEER-TO-PEER giant LendingClub seems to have shaken off the corporate governance scandal that hit the platform last year as it saw its loan book grow 10 per cent in the second quarter.

LendingClub reported that loan originations for the … 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

Lending Club names ex-PayPal exec Steve Allocca as president

May 16, 2017 |

LENDING Club has hired Steve Allocca (pictured) as its new president.

The US peer-to-peer lending giant, which is slowly rising out of the ashes of last year’s corporate governance scandal, said that Allocca would lead the company’s efforts to expand … 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 losses increase after tough 2016

February 15, 2017 |

US peer-to-peer giant Lending Club made a loss for the third year in a row in 2016, despite new loans picking up slightly in the fourth quarter.

The platform, which saw its founder and chief executive Renaud Laplanche resign last … Read More

A look back – the key P2P events of 2016

January 4, 2017 |

NO-ONE could have predicted half of the events which 2016 had in store for the peer-to-peer lending sector.

Company scandals, international trials, unexpected elections and evolving regulations made for an interesting year, and contributed towards the stunning growth of the … Read More

Now Lending Club’s CTO has resigned

December 16, 2016 |

SCANDAL-HIT US peer-to-peer platform Lending Club has been dealt a new blow with the resignation of its chief technology officer John MacIlwaine.

According to an 8K filing at the US Securities and Exchange Commission (SEC), MacIlwaine submitted his resignation on … Read More

Lending Club still in the red as scandal takes its toll

November 7, 2016 |

LENDING Club posted a third-quarter loss of $36.5m (£29.4m), as the high-profile scandal that led to the departure of its founder continues to hammer the firm’s balance sheet.

The US peer-to-peer lender, which hit the headlines earlier this year … Read More