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Peer2Peer Finance News | November 20, 2017

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Scott Sanborn

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

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

Lending Club posts Q1 loss but lifts full-year forecast

May 5, 2017 |

LENDING CLUB posted its fourth consecutive quarterly loss on Thursday but raised its revenue forecast for the full year, as chief executive Scott Sanborn restated his ambition to return the company to growth within one year from his predecessor’s departure.

The scandal-struck … 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