News

LendingClub Corporation (LC) Soars 5.28% on January 19

Posted on January 20, 2017
By Raymond Krehn

LendingClub Corporation (LC) had a good day on the market for Thursday January 19 as shares jumped 5.28% to close at $5.78.

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Funding Circle has raised another $100m from a group of well-respected institutional investors

Posted on January 13, 2017
By Raymond Krehn

The latest equity investment takes the total amount of funding raised by the business to £300m since its launch in 2010.

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2016 Algorithm Results

Posted on January 9, 2017
By Raymond Krehn

How would we rate the performance of Flux Robot? I will review each of our algorithms (low-risk, medium-risk, and high-risk) in this article to determine the performance. Then I will evaluate whether or not a change is needed for each algorithm as I do every quarter.

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Improved Account Page

Posted on January 5, 2017
By Raymond Krehn

We’ve added some new information to look at when you are visiting your Lending Club account. It will now provide you your total account balance, received interest, received principal, received late fees, outstanding principal, total notes, and your ROI. Login to your account and click on “Lending Club” to see all of this information. You … Continue reading “Improved Account Page”

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Earn United MileagePlus miles through Lending Club

Posted on November 10, 2016
By Raymond Krehn

In a surprising turn of events, Lending Club now allows you to receive one mile for every two dollars you invest through Lending Club. Investors must deposit and invest a minimum of $2,500.

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LendingClub to Offer Auto Loans

Posted on October 26, 2016
By Raymond Krehn

Online lender LendingClub Corp. said Tuesday that it was expanding into auto loans, a change in tack for a company that has spent nearly six months retrenching following the ouster of its founder and chief executive. Currently, this is only being offered to residents in California. How this affects you: The robot will not accept … Continue reading “LendingClub to Offer Auto Loans”

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Updates to Interest Rates

Posted on October 15, 2016
By Raymond Krehn

Lending Club regularly adjusts to changing market conditions, and has the ability to adapt underwriting models and dynamically increase or decrease interest rates to provide an appropriate level of loss coverage to investors.

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LendingClub appoints Thomas Casey CFO

Posted on September 13, 2016
By Raymond Krehn

Thomas Casey was appointed as chief financial officer to replace Carrie Dolan, who resigned last month. Casey worked most recently as executive vice president and CFO at the medical device company Acelity. He previously spent more than two decades in senior leadership roles at GE Capital, Washington Mutual, JPMorgan Chase and Citigroup. How this affects you: … Continue reading “LendingClub appoints Thomas Casey CFO”

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My Personal Account

Posted on August 2, 2016
By Raymond Krehn

As the founder and owner of Flux Robot, I feel it is fair to share my account information with all of my clients and potential clients. Below is a screenshot of my portfolio as of August 1, 2016 10:45 PM MDT. Over a year ago I created a portfolio that only accepted notes from the software that … Continue reading “My Personal Account”

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LendingClub Names BlackRock’s Dunne Chief Capital Officer

Posted on July 18, 2016
By Raymond Krehn

LendingClub Corp. named Patrick Dunne chief capital officer as the company seeks to restore investor confidence. Dunne, who previously led BlackRock Inc.’s San Francisco office, will work with LendingClub investors and retail distribution partners, the company said Monday in a statement. LendingClub is seeking to reverse a stock slump and win back bond buyers rattled … Continue reading “LendingClub Names BlackRock’s Dunne Chief Capital Officer”

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