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Lending Club

Welcome to the News View for "Lending Club".

Here, on these archive pages, you'll find all of the articles on Payments News for Lending Club listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 17, 2014

Headline News from PaymentsNews.com - April 17, 2014

On the Web:

On the Wires:

  • MasterCard Board of Directors Recommends Two New Candidates for Election - “The world continues to get smaller and technology opens new doors every day,” said Richard Haythornthwaite, Chairman of the Board, MasterCard. “MasterCard is advancing to meet consumer, business and societal needs in an increasingly digital world, while maintaining a focus on convenience and security. Merit and Julius’ experience and insights will add to and complement our existing Board as we pursue this vision.”
  • Warburg Pincus To Acquire Electronic Funds Source - "Warburg Pincus ... today announced it has entered into a definitive agreement whereby one of its affiliates will acquire 100% of Electronic Funds Source LLC, a leader in innovative corporate payments solutions, from an investor group including First Data Transportation Services, Inc., CTP Holdings LLC and FJ Management Inc."
  • Lending Club Acquires Springstone - "As part of the financing of this transaction, Lending Club also announced the closing of an equity capital raise. Investors in the $65 million round included funds and accounts managed by T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital."
  • Worldpay Launches China Sales Office - "The Shanghai office is headed up by Tang Kok San, VP – Business Development China, and will offer all of Worldpay’s e-commerce customer-facing functions, including relationship management and corporate support."

Updates from Glenbrook:

March 20, 2014

Headline News from PaymentsNews.com - March 20, 2014

On the Web:

On the Wires:

  • American Express Expands Benefits for Platinum Card® Members - "These benefits include complimentary, unlimited access to Wi-Fi hotspots provided by Boingo Wireless, a global market leader in Wi-Fi, as well as an application fee statement credit option for the TSA Pre✓™ program."
  • Small Businesses Get Paid Faster With QuickBooks Payments - "As part of the expanding QuickBooks ecosystem of online products and services, QuickBooks Online users who also use QuickBooks Payments get their invoices paid on average two times faster than those who don’t. When these small businesses email their invoices and allow their customers to pay online, they significantly reduce the time it takes to receive payment."

Updates from Glenbrook:

October 22, 2013

Headline News from PaymentsNews.com - October 22, 2013

On Twitter:

On the web:

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Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
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August 08, 2013

Headline News from PaymentsNews.com - August 8, 2013

On the web:

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Updates from Glenbrook:

August 07, 2013

Headline News from PaymentsNews.com - August 7, 2013

On the web:

On the wires:

Updates from Glenbrook:

May 02, 2013

Google Takes Minority Interest in Lending Club

LendingClub logo 140pxLending Club has announced that Google has acquired a minority stake in the company as part of a secondary transaction whereby new and existing investors acquired shares from existing investors. Buyers include Google and existing investor Foundation Capital.

"Lending Club is using the Internet to reshape the financial system and profoundly transform the way people think of credit and investment," said Google’s David Lawee. "We are excited to be a part of it."

"Few companies have such an in-depth understanding of the Internet as Google," said Lending Club CEO Renaud Laplanche. "We believe our relationship with Google will be very helpful in better serving our customers. We couldn’t be more excited to have them on board."

Lending Club facilitated more than $1.65 billion in loans since inception including over $350 million in the last quarter.

[Editor's note: see also this TechCrunch story on this latest round of financing for Lending Club.]

August 03, 2011

January 03, 2011

Lending Club and PerkStreet Financial Launch 'Shred Your Credit Card' Contest

perkstreet_logo_140px.pngLending Club and PerkStreet Financial have announced the launch of a 'Shred Your Credit Card' contest.

The contest inspires consumers to end the cycle of credit card debt once and for all by destroying their credit cards. Rewards of up to $1,000* will go to the contestants who devise the most creative way to destroy their credit cards and share the video. Entries can be submitted and viewed at www.shredyourcreditcard.com.
* All prizes will be paid with Visa Gift Cards, terms and conditions apply.

April 14, 2010

Lending Club Raises $24.5 Million in Series C Funding

Lending Club has announced closing a $24.5 million investment round led by Foundation Capital with participation by existing investors Morgenthaler Ventures, Norwest Venture Partners and Canaan Partners. READ MORE »

March 19, 2009

Lending Club Closes $12 MM Series B Financing Round

LendingClub.com, a peer lending network that brings together investors and creditworthy borrowers, has announced that it has closed a $12 million Series B round of funding. Morgenthaler Ventures led the round and is joined by existing investors, Norwest Venture Partners and Canaan Partners. Rebecca Lynn, a Morgenthaler Principal, is joining Lending Club’s board of directors. READ MORE »

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