Friday, October 17, 2008

Lending Club rapidly adding more states

On Tuesday, Lending Club completed their registration with the SEC and opened for lenders from 15 states. Already, in less than a week, they have added four more states - Utah, Wyoming, Hawaii, and Nevada. We expect Lending Club to continue to rapidly add states as they work with state regulators.

Lending Club's re-emergence could not have been timed better. With Zopa and Prosper now closed, Lending Club now only has to compete with upstart Loanio for the p2p lending market.

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