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How LendingClub Made Peer-to-Peer Lending Mainstream
In this episode of Startup Stories, Lucas and Luna dive into the story of LendingClub, the company that brought peer-to-peer lending to the masses. They explore how founder Renaud Laplanche turned a simple idea—borrowers and investors connecting directly—into a platform that originated over $50 billion in loans before being acquired by a bank. Lucas breaks down the early regulatory battle, the role of FICO scores in their algorithm, and why the model almost collapsed during the 2008 financial crisis. Luna asks whether the 'peer-to-peer' label still matters today and what the…
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