Bloomberg’s Cory Johnson Reads Between the Lines On Lending Club

| By:

Fifteen out of Lending Club’s top twenty investors have returned to the platform since the May scandal albeit at lower levels, said Lending Club’s CEO Scott Sanborn. Bloomberg News’ Cory Johnson said that the other way to read this is that a quarter of their investors have refused to come back.

Meanwhile, company CFO Carrie Dolan was still on the earnings call despite having announced her resignation moments before. Referencing the use of investor “incentives” to get investors to come back, Dolan explained that the company still anticipated higher investor acquisition costs going forward. Johnson said that this could mean for a long time, putting even more pressure on a company that has slim margins to begin with.

Watch the short clip with Johnson below:

Video not loading? View here

Last modified: August 9, 2016

Category: Marketplace Lending

Home Marketplace Lending › Bloomberg’s Cory Johnson Reads Between the Lines On Lending Club

    SOS Capital


    United Business Funding

    Smart Business Funding

    Proventure Capital

    Global Funding Experts

    ROK Financial



    Spartan Capital

    Lending Valley

    Central Diligence Group


    South End Capital


    Unique Funding Solutions

    National Funding

    Better Accounting Solutions

    Infusion Capital Group

    Idea Financial

    Accord Business Funding

    Merchant Financing Leads

    Key Capital Group

    Total Merchant Resources


    Vox Funding

    Amerifi Capital