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LendingClub: Navigating Today’s Rapidly Evolving Macroeconomic Environment as the Leading Digital Marketplace Bank   

August 3, 2022
LendingClub: Navigating Today’s Rapidly Evolving Macroeconomic Environment as the Leading Digital Marketplace Bank    

2021 was a strong year for neobanks and fintech, with deals and funding reaching record highs across the space and many companies experiencing record growth at breakneck speed. However, after this period of favorable economic conditions, current macroeconomic factors are serving as a wake-up call for the industry leaders that drove growth as well as the ones that coasted on the rising tides that lifted all of the fintech industry’s boats.

With inflation at a 40-year high, and economic uncertainty casting a shadow over the second half of the year, one thing is certain: LendingClub’s revenue diversity, funding resiliency, and structural advantages as a digital marketplace bank enables it on its pathway of profitability and growth. 

We recently hosted our quarterly webinar, where Anuj Nayar, our Financial Health Officer, and Clarke Roberts, our SVP of Marketplace Services and Near Prime, had a vibrant discussion on:  

  • The current macroeconomic landscape – which is seeing the highest inflation numbers in decades  
  • A wealth of new data on the financial health of U.S. consumers from our latest Paycheck-to-Paycheck report
  • LendingClub’s recently reported Q2 2022 earnings
  • A look into the expansion and growth of our client-to-client sales on LCX, LendingClub’s automated loan auction platform

Check out the video below to learn more.  

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