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Social Lending Offers Alternatives

Yesterday on ABC, Renaud was interviewed by Jackie Hyland on “Money Matters”. To check out the discussion of how social lending can be part of solving the current economic crisis, watch the video here.

© 2008 Lending Club. All rights reserved.
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Lending Club in the News

For some of the latest details on Lending Club, including on the reactivated growth we’ve seen since reopening our platform last week, and thoughts on how our new secondary market now empowers people with even more ways to do things that previously only banks and other corporate financial entities could do, check out recent discussions [...]

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Lending Club CEO Renaud Laplanche Interviewed on CNBC

Social lending is getting increasingly mainstream media coverage. As Rate Ladder reported yesterday, peer to peer lending received prominent placement in Forbes Magazine and CNBC over the last few days.
Our CEO, Renaud Laplanche, was interviewed on CNBC’s Power Lunch program earlier this week to explain how social lending is helping people across America lend [...]

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It Was a Very Good Year

The end of each year gives us an opportunity to reflect on all of the events that have occurred over the past twelve months. For Lending Club, 2007 was a very good year.
The launch of Lending Club in May on Facebook was just the beginning. As a Facebook application, Lending Cub facilitated its first $1 [...]

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Regulators should view money the way consumers want to use it

Simon Gleeson of Clifford Chance has written a very concerning overview of the shortcomings in the Financial Services Authority’s review of how the retail financial services that it regulates are distributed to consumers.
He suggests that the proposed three tiers of advice, coupled with EU-driven changes to the test of what is appropriate, will increase [...]

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Take time to celebrate

Something amazing happened last weekend: we were very fortunate to be featured in Barron’s only 2 weeks after our public launch beyond Facebook, and as a result saw more lenders signing up over that weekend than in the 2 weeks before! The Barron’s article came shortly after the Reuters piece last week, which also contributed [...]

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Opening up Lending Club

Going beyond Facebook has sparked quite a lot of press and the interest of more users, most of whom are unfamiliar with P2P Lending. Along with the opening of our website, we have also received several requests to expose raw data and performance statistics about loans and lenders. We believe this is very important [...]

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Kiva.org is a World Summit Award 2007 winner!

Kiva.org was today announced a winner of the World Summit Award 2007 for the category “e-Business”.The World Summit Award Grand Jury 2007 met on the island of Brijuni from September 1-7 bringing together eminent multimedia and e-Content experts from 32…

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In search of lost Zopa

 
Imagine, if you will, that you’d never heard of Zopa. A horrible though, I know. But fear not: chances are we would be brought back together by the wonders that are Internet search engines. Zopa has managed to gain a foothold on the prestigious “first page of Google results” for quite a few queries:

“lend money” [...]

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Three questions to Jeff Crowe, General Partner at Norwest Venture Partner

Prior to Norwest, Jeff served as President, COO and board member of DoveBid, Inc., a privately held business auction firm, which expanded during his tenure via internal growth and acquisition from a $10M revenue run rate to a $120M revenue run rate with 400 employees. From 1990 to 1999, Jeff was co-founder, President, CEO and [...]

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Three Questions to Daniel T. Ciporin, Venture Partner at Canaan Partners

Prior to joining Canaan Partners, Dan Ciporin was CEO of Shopping.com, where he oversaw the company’s growth from zero to over $100 million in revenues in just 5 years, culminating in the company’s initial public offering in October 2004. Shopping.com was was the third largest ecommerce site on the web before it was acquired by [...]

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Welcome NVP and Canaan Partners

As reported earlier yesterday afternoon, we are thrilled to announce that Norwest Venture Partners and Canaan Partners invested in the Company as part of a total $10.26MM investment round. Jeff Crowe from NVP and Dan Ciporin from Canaan Partners are joining the Company’s board of directors.
We launched the company as part of the Facebook [...]

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Lending Club Video Contest Awards

18 competitors, 4 winners, $8,000 in prizes, 100,000+ views
We have just announced on Facebook® the names of the 4 winners in the first Lending Club Video Contest. The Contest took place simultaneously on Facebook® and YouTube® from July 18th through August 10th and the Lending Club videos have been watched a combined 100,000 [...]

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