LendingClub: poised for reacceleration in 2024? 🤔; Revolut employees to cash in with massive $500M share sale 😳
FinTech is Eating the World, 20 May
Hey Everyone,
Good morning! We’re starting another awesome FinTech week on Tuesday and boy it’s worth the wait 😎 Today we’re going to take a deeper dive into LendingClub (breaking down their latest numbers, and what they mean & why it’s probably significantly undervalued right now), and Revolut whose employees are about to cash in with massive share sale (why it matters + more bonus dives into Revolut). Let’s jump straight into the fascinating stuff 🌶
LendingClub: poised for reacceleration in 2024? 🤔
Following the money 💸 One of my readers recently reached out and asked me to look into the LendingClub Corporation LC 0.00%↑, the leading digital marketplace bank, that seems to be overlooked right now.
I did just that and I was rather surprised.
The FinTech company has lately demonstrated remarkable resilience and consistent profitability amidst a challenging macroeconomic environment. More importantly, LendingClub’s first quarter 2024 results yet again highlight its strong fundamentals, disciplined credit performance, and strategic positioning for future growth.
That said, let’s take a closer look at their latest numbers, and understand what they mean so we could see whether or not LendingClub is worth your time and money in 2024.