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- The Accelerator Conundrum
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consumer loans
1Mby1M Deal Radar 2010: LendingClub, Redwood City, California
Posted on Monday, Aug 9th
LendingClub removes banks from the lending process by providing a platform that enables consumers to secure fixed-rate loans and investors to capture the spread on consumer debt. Since 2007, investors have earned a net annualized return of over 9.5%, and borrowers have obtained loans at rates 20%–30% below marketplace alternatives. It’s an approach that has
