Schwartz: LendingClub operates as consumer lead generation, not direct business funding
Alex Schwartz · Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin? · Mar 21, 2024 · at 11:33
Alex Schwartz differentiates FunKite's business model from LendingClub when discussing competitors with Nathan Latka.
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“So Lending Club is really not a funder. It's a lot of them are like kind of lead gen. So you're, they're gathering, they're telling you they're doing it, and then they send it out. But Lending Club is not really a business funding. They do it more personal stuff, consumer-based, right?”
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