.jpg){kind=avatar}
.jpg){kind=avatar}
In advance of the Lendit conference in NYC next week, two deals put Prosper and SoFi on firmer footing after a rough patch for broader industry. One fund manager did note that companies like Avant and Prosper will still need to grow into their valuations before they can raise new capital.
“Those concerns are back to the forefront, while funding and regulation have moved further back,” said Mr. Tarkan, who has a Sell rating on LendingClub’s shares. Despite some of the positive signs, shares of publicly traded online lenders LendingClub Corp., and On Deck Capital have slumped in recent weeks and are well below their IPO prices. Last year, amid weakening investor interest, many of the emerging lenders were forced to curb growth, cut workforce, and stymie new loan origination. Many of the startups’ revenue is tied to origination fees.
https://www.wsj.com/articles/online-lenders-turn-a-corner-1488457848
unknownx500
