LendingClub
also referred to as: lending club
15 statements across 4 episodes · 5 bullish · 0 bearish · 3 people on the record · first statement Dec 19, 2013 by Fred Wilson · said 38 times in 5 episodes since 2013 · across every show →
Mentions by year
brought up most by Renaud Laplanche (20), Rebecca Lynn (7), Carl Angel (5), Matt Turck (4), Zach Perret (2)
tap a year for its mentions
2019 2 mentions in 1 episode
2017 8 mentions in 1 episode
2014 20 mentions in 2 episodes 10 per episode
2013 8 mentions in 1 episode
Everything said about LendingClub, oldest first
Dec 19, 2013 positive
May 29, 2014
May 29, 2014 bullish
Laplanche: Lending Club averages 12.5% borrower rates and 8% investor returns
“So LendingClub, in contrast, as an average interest rate just over 12 and a half percent and on, on the so that's the value to borrowers and as return on average close to eight percent net return after fees and after credit losses to investors.”
May 29, 2014
May 29, 2014 bullish
Laplanche: Lending Club's expense ratio is under 2% vs banks' 5-7%
“That ratio for most banks is between five and seven percent, so it's really all operating costs divided by total loans outstanding, that's between five and seven percent. The same metric at Lending Club is less than two percent, and it's coming down quarter af…”
May 29, 2014 positive
May 29, 2014
Laplanche: Lending Club faces under 10 fraudulent applications daily, totaling $140,000
“It's less than 10 loans out of a population of 9000. That happens every day, and so it's, it is a needle in a haystack, ah, but it is really material because there's sort of 10 or so fraudulent loan applications represent a total of about 140,000 dollars.”
May 29, 2014 neutral
Laplanche: Lending Club caps annual growth at 150% to manage risk
“So we've been controlling growth to a place where it's in between hundred and 150%. We could be growing faster based on supply and demand available to us but we've chosen to Sort of grow at the current pace as a matter of sort of controlling risk and especiall…”
May 29, 2014
May 29, 2014
May 29, 2014
Laplanche: Low fintech costs and cheap bank capital reduce credit costs
“It's really the best of both worlds where platforms like us, like ours, have a low cost of operation, and the banks have a low cost of capital, and when you put these two together, you can really drive down the cost of credit for consumers and businesses.”
May 29, 2014 neutral
May 29, 2014 bullish
Jul 13, 2017