U.S. Markets closed

Peer-to-Peer Lending Club Moves Closer to IPO

Online peer-to-peer lender LendingClub raised $115 million in equity and debt, giving it a valuation of $3.8 billion as it eyes an IPO. Peter Renton, co-founder of the Lenit Conference and CEO of Lend Academy, discusses on MoneyBeat. Photo: Getty Images.