News & Press Releases

In the News | April 23, 2019

LendingClub Changes Strategy With Small Business Lending

April 2019 — Today, LendingClub announced that effective immediately it will stop originating small business loans themselves and move to a co-branded experience with both Funding Circle and Opportunity Fund, creating a new ecosystem that will allow more small businesses to be funded.

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In the News | April 23, 2019

LendingClub Partners with Funding Circle and Opportunity Fund to Provide Better Access to Credit for SMEs

April 2019 — Beginning today, LendingClub will connect small business borrowers seeking a loan on their online lending platform with both Funding Circle and Opportunity Fund. The initiative is being pitched as a collaboration designed to substantially increase small business owners’ access to transparent, affordable and responsible credit.

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In the News | April 23, 2019

LendingClub Expands SMB Lending Footprint

April 2019 — LendingClub, Opportunity Fund and Funding Circle announced on Tuesday (April 23) a collaboration aimed at providing small businesses with more affordable credit.

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Press Releases | April 23, 2019

LendingClub Partners with Opportunity Fund and Funding Circle, Increasing Financial Inclusion and Small Businesses’ Access to Credit

LendingClub Corporation, America’s largest online credit marketplace connecting borrowers and investors; Opportunity Fund, the country’s leading nonprofit small business lender; and Funding Circle, the leading small business loan platform in the United States, today announced a collaboration designed to substantially increase small business owners’ access to transparent, affordable and responsible credit.

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In the News | April 22, 2019

LendingClub to Feed Online Small Business Loans to Opportunity Fund, Funding Circle

April 2019 — LendingClub will no longer originate small business loans on its balance sheet and will instead connect borrowers to Opportunity Fund and Funding Circle. With the new co-branded partnership, Opportunity Fund will use LendingClub’s technology to provide an online application experience to underserved small business borrowers, but will use its own lending models for underwriting and servicing.

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In the News | March 28, 2019

Opportunity Fund’s CEO Sees Leadership As ‘Helping Others Reach Their Full Potential’

March 2019 — Opportunity Fund's CEO, Luz Urrutia, is an honoree in the 2019 Silicon Valley Business Journal Latino Leadership Awards program.

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