Focusing on personal lending. About a two minute read.
Comment: a profitable Fintech is indeed rare, but Lending Club has been around since 2006 and I’ve followed the business with interest. A key point: Lending Club just acquired Radius Bank, so again we’re seeing the successful Fintech’s moving away from pure play. Oh yeh, in the most recent quarter we saw solid EPS with a net profit margin of over 13%.