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LendingClub
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015. LendingClub enabled borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period was three years. Investors were able to search and browse the loan listings on LendingClub website and select loans that they wanted to invest in based on the information supplied about the borrower, amount of loan, loan grade, and loan purpose. Investors made money from the interest on these loans. LendingClub made money by charging borrowers an origination fee and investors a service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renaud Laplanche
Renaud Laplanche (born 1970) is a French-American entrepreneur and business executive. He is the co-founder and CEO of the fintech company, Upgrade, Inc. Prior to founding the company, Laplanche co-founded and served as the CEO of Lending Club, an American peer-to-peer lending company, for a decade. Before his tenure at Lending Club, he also co-founded and led TripleHop Technologies, the maker of the MatchPoint software, which was subsequently acquired by Oracle Corporation. Early life and education Renaud Laplanche was born in 1970 and grew up in France. He was interested in sailing and raced competitively on the national level, winning the French sailing championships on Lasers, 13.5 ft, one-sail, one-man sailboats, in 1988 and 1990. Laplanche studied business and law. He received a post-graduate DESS-DJCE ( J.D.) degree in Tax and Corporate Law from Université de Montpellier, Montpellier, France, and an MBA degree from HEC Business School in Paris, France, and London ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peer-to-peer Lending
Peer-to-peer lending, also abbreviated as P2P lending, is the practice of loan, lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower Overhead (business), overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making Computing platform, platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites. Peer-to-peer fundraising encourages supporters of a charity or non-profit organisation to individually raise money. It's a subcategory of crowdfunding. Instead of having one main crowdfunding page ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fintech
Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as cryptocurrencies. Financial technology companies include both startups and established technology and financial firms that aim to improve, complement, or replace traditional financial services. Evolution The evolution of financial technology spans over a century, marked by significant technological innovations that have revolutionized the financial industry. While the application of technology to finance has deep historical roots, the term "financial technology" emerged in the late 20th century and gained prominence in the 1990s. The earliest documented use of the term dates back to 1967, appearing in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canaan Partners
Canaan Partners, LLC (Canaan) is an American venture capital firm headquartered in Stamford, Connecticut with offices in San Francisco, Menlo Park and New York City. The firm focuses on investing in early stage companies in the technology and healthcare industries. Since 2014, the firm has also been investing in technology companies based in Israel. Background In 1987, Harry Rein, Eric Young and several other employees at the venture capital unit of General Electric performed a management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 19 ... to spin out the unit as an independent firm. The firm was subsequently named Canaan Partners and would be based in Westport, Connecticut. In 2003, Rein left Canaan for a position with Foundation Medical Partners. Towards the end of 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
595 Market Street
595 Market Street is a skyscraper at the corner of Second Street and Market Street in the Financial District of San Francisco, California. It contains 30 floors, and was completed in 1979. The hexagonal-shaped skyscraper was designed by Skidmore, Owings & Merrill. In 2009, Visa Inc. moved its corporate headquarters to 595 Market Street from San Mateo, before deciding to move to Foster City in October 2012. Current tenants include LendingClub and the Consulate General of Sweden. See also * List of tallest buildings in San Francisco San Francisco, California, in the United States, has at least 482 high-rises, 58 of which are at least tall. The tallest building is Salesforce Tower, which rises and is the List of tallest buildings in the United States, 17th-tallest buildin ... References External links * * 595 Market Street on SkyscraperPage595 Market Street on The Skyscraper Center {{Buildings in San Francisco Skyscraper office buildings in San Francisco Market ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' newspapers of record. The first issue of the newspaper was published on July 8, 1889. The editorial page of the ''Journal'' is typically center-right in its positions. The newspaper has won 39 Pulitzer Prizes. History Founding and 19th century A predecessor to ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xconomy
Xconomy was a media company providing news on business, life sciences, and technology{{cite web , title=Company Overview of Xconomy, Inc. , url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=36215051 , publisher=Bloomberg Business , date=nd , access-date=19 July 2015 focusing on the regions of Boston, Boulder/Denver, Detroit, New York City, Raleigh-Durham, San Diego, San Francisco and Seattle. The website was launched in June 2007 by founders Robert Buderi and Rebecca Zacks.{{cite news , author=Rafat Ali , date=February 11, 2009 , title=Business News Blog Network XConomy Gets Second Round Funding , url=https://www.cbsnews.com/news/business-news-blog-network-xconomy-gets-second-round-funding/ , archive-url=https://web.archive.org/web/20091023073713/http://www.cbsnews.com/stories/2008/11/25/paidcontent/main4631868.shtml , archive-date=23 October 2009 , publisher=CBS News , agency=paidcontent.org , url-status=live , access-date=30 June 2021 Xconomy content ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwest Venture Partners
Norwest Venture Partners (Norwest) is an American venture and growth equity investment firm. The firm targets early to late-stage venture and growth equity investments across several sectors, including cloud computing and information technology, Internet, SaaS, business and financial services, and healthcare. Headquartered in Menlo Park, California, Norwest has offices in San Francisco and subsidiaries in Mumbai, India and Tel Aviv, Israel. The firm has funded more than 700 companies since inception. History Northwest Venture Fund, a private equity and venture capital affiliate of Norwest Corporation, was founded in Minneapolis in 1961. It later merged with Wells Fargo in 1998. The Northwest Growth Fund grew under the leadership of CEO Robert Zicarelli, including the opening of an office in Silicon Valley. Zicarelli retired in 1988 and was succeeded by Daniel Haggerty who retired in the 1990s. George J, Still, Jr. (now partner emeritus) and Promod Haque took over as managing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunnyvale, California
Sunnyvale () is a city located in the Santa Clara Valley in northwestern Santa Clara County, California, United States. Sunnyvale lies along the historic El Camino Real (California), El Camino Real and U.S. Route 101 in California, Highway 101 and is bordered by portions of San Jose, California, San Jose to the north, Moffett Federal Airfield and NASA Ames Research Center to the northwest, Mountain View, California, Mountain View to the northwest, Los Altos, California, Los Altos to the southwest, Cupertino, California, Cupertino to the south, and Santa Clara, California, Santa Clara to the east. Sunnyvale's population was 155,805 at the 2020 United States census, 2020 census, making it the second most populous city in the county (after San Jose, California, San Jose) and the List of cities and towns in the San Francisco Bay Area, seventh most populous city in the San Francisco Bay Area. As one of the major cities that make up California's High tech, high-tech area known as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
