Tag Archives: Lending Club

The rise of peer-to-peer lending

Commentary

Traditional banks make money by issuing loans to borrowers. Now ordinary people have the opportunity to do the same. Currently, one of the fastest-growing industries is peer-to-peer lending, which involves offering loans to strangers over the internet and trusting that they’ll pay back with agreed upon interest. The peer-to-peer lending space is currently exploding at an exponential growth rate with over $1 billion in venture capital poured into various startups. Popular players in this field include Zopa, Lending Club and Prosper. Funding Circle and OnDeck also issue small business loans through their marketplaces. Lending Club is the largest of them all. Founded in 2006, Lending Club has issued more than $4 billion in personal loans since 2007. In August, the company filed for an IPO with a fundraising target of $692 million, valuing the company at around $4 billion. OnDeck Capital, also filed for an IPO in November. Last week, AvantCredit, an online personal loan lender based in Chicago, secured a $225 million Series D from a consortium of investors. Markets are beginning to embrace non-bank lending services and this will present a new and real threat to traditional banks’ business models.

Top 20 IPOs for November 2014

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $890,000,000 Mobileye Undisclosed Software & Services Public
2 $870,000,000 Lending Club Undisclosed Transactions Public
3 $627,000,000 Sabre Undisclosed Transactions Public
4 $600,000,000 Just Eat Undisclosed Transactions Public
5 $427,000,000 GoPro Undisclosed Hardware & Infrastructure Public
6 $286,000,000 Sina Weibo Undisclosed Media Public
7 $245,100,000 Jumei Undisclosed Ecommerce Public
8 $244,250,842 iSentia Undisclosed Software & Services Public
9 $243,563,012 3P Learning Undisclosed Software & Services Public
10 $240,000,000 Trinet Undisclosed Software & Services Public
11 $226,000,000 Arista Networks Undisclosed Software & Services Public
12 $192,000,000 GrubHub Undisclosed Transactions Public
13 $187,500,000 A10 Networks Undisclosed Software & Services Public
14 $178,000,000 Castlight Health Undisclosed Software & Services Public
15 $168,000,000 Coupons.com Incorporated Undisclosed Transactions Public
16 $168,000,000 Cheetah Mobile Undisclosed Mobile & Apps Public
17 $125,000,000 HubSpot Undisclosed Marketing Public
18 $116,000,000 Opower Undisclosed Software & Services Public
19 $100,000,000 Everyday Health Undisclosed Media Public
20 $100,000,000 Paycom Undisclosed Software & Services Public

More information

  1. Safety systems supplier Mobileye raises $890 million in IPO (Autoblog)
  2. LendingClub’s IPO is a hit, but P2P lending still has to prove itself (FinSMEs)
  3. Travelocity owner Sabre takes flight on $627M IPO (VentureBeat)
  4. Just Eat, an Online Takeaway Service, Raises $600 Million in I.P.O. (NY Times Dealbook )
  5. GoPro raises R4.5bn in Nasdaq IPO ()
  6. Weibo IPO below expectations, raises $286M (Rappler)
  7. Jumei IPO on NYSE raises $245.1 million (China Daily USA)
  8. iSentia shares jump 17pc on debut (The Australian)
  9. 3P Learning disappoints on debut (AFR)
  10. Cloud HR company TriNet stock up after it raises $240M in IPO (Biz Journal)
  11. Arista Jumps in Debut After Raising $226 Million in U.S. IPO (Bloomberg)
  12. Seamless.com Owner GrubHub Surges After $192 Million IPO (Bloomberg)
  13. A10 Networks hits high end of IPO target, raises $187.5M (Biz Journal)
  14. Health-care software firm Castlight soars after IPO (CNBC)
  15. Coupons.com raises $168 million from IPO (Coupons.com)
  16. Cheetah Mobile IPO raises $168 mln (Reuters)
  17. HubSpot Raises $125M in IPO (FinSMEs)
  18. Opower raises $116 million in recent IPO (ELP)
  19. Everyday Health Raises $100 Million in IPO, but Shares Dip in Early Trading (Recode)
  20. HR tech provider Paycom raises less than expected in $100M IPO (Venture Beat)

Top 20 Transactions Deals for December 2013

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $1,000,000,000 Climate Corporation Monsanto Transactions Acquisition
2 $800,000,000 Braintree Ebay Transactions Acquisition
3 $491,940,000 Ogone Ingenico Transactions Acquisition
4 $200,000,000 Airbnb Founders Fund Transactions Investment
5 $198,000,000 Stayz Homeaway Transactions Acquisition
6 $160,000,000 Nuomi Baidu Transactions Investment
7 $150,000,000 Open Colleges Australia Apollo Global Transactions Acquisition
8 $125,000,000 Lending Club Google, Foundation Capital Transactions Investment
9 $120,000,000 mFoundry FIS Transactions Acquisition
10 $105,000,000 eRecycling Kleiner Perkins Caufield & Byers, Silver Lake Kraftwerk Transactions Investment
11 $100,000,000 CommonBond Consortium Transactions Investment
12 $100,000,000 eHi Auto Services Ctrip.com International Ltd. Transactions Investment
13 $89,000,000 WebMotors Carsales.com Transactions Acquisition
14 $60,000,000 Eventbrite Tiger Global Management, T. Rowe Price Transactions Investment
15 $60,000,000 Lyft Andreessen Horowitz Transactions Investment
16 $60,000,000 Tuniu Temasek, DCM Transactions Investment
17 $55,000,000 ZocDoc Undisclosed Transactions Investment
18 $50,000,000 Redfin Consortium Transactions Investment
19 $50,000,000 Avito Naspers Transactions Investment
20 $50,000,000 Zuora Consortium Transactions Investment

More information

  1. Monsanto’s feast: $1B Climate Corp acquisition shows the world is turning into 1s and 0s (Pandodaily)
  2. EBay’s PayPal Acquires Payments Gateway Braintree For $800M In Cash (TechCrunch)
  3. Ingenico Agrees To Acquire European Online Payment Services Provider, Ogone, For €360M To Build Out Multi-Channel Payments Strategy (Techcrunch)
  4. Airbnb’s Nate Blecharczyk Confirms It Raised A $200M Round Led By Founders Fund (TechCrunch)
  5. HomeAway Acquires Australian Vacation Rentals Site Stayz For $198 Million Cash (TechCrunch)
  6. Confirmed: Baidu acquires majority stake in Renren’s daily deals site for $160 million (Tech in Asia)
  7. Apollo Global in $150m deal to acquire majority stake in Open Colleges (The Australian)
  8. Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others At $1.6B Valuation (Techcrunch)
  9. Mobile Banking And Payment Startup mFoundry Sold To FIS For $120M On $165M Valuation (Techcrunch)
  10. eRecycling Raises $105M in Series C Financing (FinSMEs)
  11. CommonBond Raises over $100M in Equity and Debt Financing (FinSMEs)
  12. eHi Auto Services Receives over $100M (FinSMEs)
  13. Carsales.com eyes growth in Brazil (My Wealth News)
  14. Eventbrite Raises $60M Round Led By Tiger Global Management (Techcrunch)
  15. Lyft Lifts $60 Million From Andreessen Horowitz, Gives 30,000 Rides A Week A Year After Launch (Techcrunch)
  16. Travel Service Tuniu Raised $60 million in Series D (TechNode)
  17. Medical E-Booking Platform ZocDoc Opens Up $55 Million In New Convertible Debt (Techcrunch)
  18. Redfin Raises $50M (FinSMEs)
  19. UPDATE 1-S.Africa’s Naspers buys 18 pct stake in Russia’s Avito (Reuters)
  20. Zuora Raises $50M in Series E Funding (FinSMEs)

Top 20 Transaction Deals for October 2013

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $1,000,000,000 Climate Corporation Monsanto Transactions Acquisition
2 $800,000,000 Braintree Ebay Transactions Acquisition
3 $491,940,000 Ogone Ingenico Transactions Acquisition
4 $200,000,000 Airbnb Founders Fund Transactions Investment
5 $160,000,000 Nuomi Baidu Transactions Investment
6 $125,000,000 Lending Club Google, Foundation Capital Transactions Investment
7 $120,000,000 mFoundry FIS Transactions Acquisition
8 $105,000,000 eRecycling Kleiner Perkins Caufield & Byers, Silver Lake Kraftwerk Transactions Investment
9 $100,000,000 CommonBond Consortium Transactions Investment
10 $89,000,000 WebMotors Carsales.com Transactions Acquisition
11 $60,000,000 Eventbrite Tiger Global Management, T. Rowe Price Transactions Investment
12 $60,000,000 Lyft Andreessen Horowitz Transactions Investment
13 $60,000,000 Tuniu Temasek, DCM Transactions Investment
14 $55,000,000 ZocDoc Undisclosed Transactions Investment
15 $50,000,000 Avito Naspers Transactions Investment
16 $50,000,000 Zuora Consortium Transactions Investment
17 $50,000,000 Redfin Consortium Transactions Investment
18 $48,000,000 SgCarMart Singapore Press Holdings Transactions Acquisition
19 $45,000,000 Hotel Tonight Consortium Transactions Investment
20 $41,000,000 Minted Consortium Transactions Investment

More information

  1. Monsanto’s feast: $1B Climate Corp acquisition shows the world is turning into 1s and 0s (Pandodaily)
  2. EBay’s PayPal Acquires Payments Gateway Braintree For $800M In Cash (TechCrunch)
  3. Ingenico Agrees To Acquire European Online Payment Services Provider, Ogone, For €360M To Build Out Multi-Channel Payments Strategy (Techcrunch)
  4. Airbnb’s Nate Blecharczyk Confirms It Raised A $200M Round Led By Founders Fund (TechCrunch)
  5. Confirmed: Baidu acquires majority stake in Renren’s daily deals site for $160 million (Tech in Asia)
  6. Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others At $1.6B Valuation (Techcrunch)
  7. Mobile Banking And Payment Startup mFoundry Sold To FIS For $120M On $165M Valuation (Techcrunch)
  8. eRecycling Raises $105M in Series C Financing (FinSMEs)
  9. CommonBond Raises over $100M in Equity and Debt Financing (FinSMEs)
  10. Carsales.com eyes growth in Brazil (My Wealth News)
  11. Eventbrite Raises $60M Round Led By Tiger Global Management (Techcrunch)
  12. Lyft Lifts $60 Million From Andreessen Horowitz, Gives 30,000 Rides A Week A Year After Launch (Techcrunch)
  13. Travel Service Tuniu Raised $60 million in Series D (TechNode)
  14. Medical E-Booking Platform ZocDoc Opens Up $55 Million In New Convertible Debt (Techcrunch)
  15. UPDATE 1-S.Africa’s Naspers buys 18 pct stake in Russia’s Avito (Reuters)
  16. Zuora Raises $50M in Series E Funding (FinSMEs)
  17. Redfin Raises $50M (FinSMEs)
  18. SPH Acquires SgCarMart for $48 Million (Tech in Asia)
  19. Last-Minute Booking App HotelTonight Raises $45M With An Eye On Continued Global Expansion (TechCrunch)
  20. Minted Raises $41M in Series C Financing (FinSMEs)