LendingClub's Q1 platform update illustrates a difficult period for P2P lenders - Business Insider

📆 14/09/41 10:14 م
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Despite a challenging quarter, LendingClub is well positioned to ride out the turbulence due to its fast response to the economic crisis

Crowdfund Insider. Three key financial highlights demonstrate the difficult Q1: Loan originations declined 8% in comparison to Q1 2019, net revenue sank 31% during the same period, and net loss was reported at $48.1 million compared to $19.9 million in Q1 2019. What's more, LendingClub has

its revenue growth forecasts for 2020 amid the economic slowdown caused by the coronavirus, after achieving profitability in 2019. lending at the start of April.

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