Yesterday morning our CEO, Renaud Laplanche, appeared on Fox Business News and discussed how Lending Club is leading the charge in a rapidly growing peer-to-peer lending space.
Check out Renaud on Fox Business News >>
We all know peer-to-peer lending is a fast growing alternative for those looking for a personal loan. Lending Club offers an easy, confidential and secure way of getting a loan without involving your bank.
On the investors side, Lending Club notes average 9.66% net annualized returns. Lending Club notes are offered by prospectus filed with the SEC.
My favorite part of the interview was when Renaud points out that Lending Club is not an option for those with weak credit histories, but instead, Lending Club is an alternative for creditworthy borrowers. That is, smart borrowers looking to get rates that are often lower than those offered by banks or credit card companies.
Enjoy the interview!
Rob
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Today, we're excited to receive a nod from Harvard Business Review, which has highlighted social lending as a Breakthrough idea for 2009.
"Whenever people come together to create a pool of capital, the potential for wealth creation blossoms. ...the internet and social networks enable peer-to-peer interaction on an unprecedented scale." - John Sviokla
Hit up the full read at HarvardBusiness.org.
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.
For some of the latest details on Lending Club including on the reactivated growth we’ve seen since reopening our platform last week (offering Notes by Prospectus), 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 Renaud’s had with Yahoo! Finance, The Wall Street Journal, NuWire Investor and Fox Business.
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 and borrow money at better rates.
A week earlier, CNBC’s The Big Idea with Donny Deutsch had a segment that highlighted person-to-person lending as a great financing alternative. You can read about that segment on The Big Idea Blog to get their take on social lending, and on Lending Club in particular.
To round up the week, we were pleasantly surprised to find that Lending Club was mentioned in the cover story of last week’s issue of BusinessWeek.
Social lending is rapidly gaining mainstream adoption, and this is excellent news for the Lending Club community.
Better Rates. Together.
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