LendingClub: The Overlooked Fintech Turnaround with Bank License and Major Investors Behind It
Reading Time: 4 minutes
From Scandal-Fintech to Profitable Hybrid Bank New Major Partners, New Growth, Still Moderate Valuation From P2P Rebel to Regulated Growth Story LendingClub is one of those stocks that can be easily overlooked – until you take a look at how fundamentally the company has changed. Started as a pioneer in the peer-to-peer lending business, LendingClub was thrown off its successful track in 2016 due to a governance scandal. Internal controls revealed that loans were sold to an institutional investor that did not exactly match its criteria,...
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