Q2 positive results for Lending Club

10th November 2016
P2P
Lending club

After a difficult Q2, US P2P platform Lending Club has shown a small rise in Q3, up 1% in the last three months.

The news will no doubt be welcomed by the US platform which has been recovering from allegations of impropriety earlier in the year, resulting in CEO Renaud Laplanche’s resignation and a drop in share price.

The firm has now also announced that National Bank of Canada will also be investing $1.3bn over the next 12 months. [1]




[1] http://www.altfi.com/article/2377_lending_club_sees_flat_q3_secures_13bn_funding_line_from_bank_of_canada

[1] http://www.altfi.com/article/2377_lending_club_sees_flat_q3_secures_13bn_funding_line_from_bank_of_canada

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