Lending Club partners with Citi as marketplace lending ‘matures’
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 ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org