Lending Club, a San Francisco-based peer-to-peer lending start-up, filed for an IPO yesterday, hoping to raise half a billion dollars at a $5 billion valuation. The company’s original focus was personal lending – individuals borrowing a few thousand dollars here and there to pay off credit card bills or fund a home improvement project.
What the Lending Club IPO Means for Business
Community banks are in decline, and technology is trying to pick up the slack.
August 28, 2014
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HBR Learning
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Strengthen your fluency in financial statements.