Lending Club partners with Citi as marketplace lending ‘matures’

By Will Caiger-Smith
14 Apr 2015

Lending Club, the online loan platform, is partnering with Citi and a structured credit-focused hedge fund to offer up to $150m of subsidised loans in the US.

The programme, which will cater to low and moderate income borrower, is one of the first partnerships between a major national bank and an online lending platform, and a sign that marketplace lending is “maturing”, said Lending Club CEO Renaud Laplanche at the Lendit USA conference in New ...

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