The internet giant Google has acquired a minority stake in the platform of loans between individuals The Lending Club as part of a transaction involving a total of $ 125 million made with other investors, announced platform.
"Few companies have such a thorough knowledge of the internet that Google," said Renaud Laplanche, CEO of The Lending Club, quoted in a statement Thursday. "We believe that our relationship with Google will be very useful to provide better service to our customers." For his part, the Director of Development David Lawee Google noted that "The Lending Club uses the internet to reshape the financial system and profoundly changing the way people look at credit and investment." "We are very excited to be part of that, "said David Lawee, who will sit as an observer on the Board of Directors of the start-up founded in 2007.
According to the release, Google has taken a "minority interest" not specified in a transaction conducted with new and existing investors as Foundation Capital, who bought for $ 125 million an unspecified stake in the platform loan. The New York Times argues that the Internet giant has a share of less than 7%, and that the company could make its IPO next year.
The Lending Club has made more than $ 1.65 billion of loans since its inception, more than 350 million in the last quarter.
