In this episode, I talk to Scott Sanborn, CEO of “OG” fintech LendingClub, which made the transition from being a fintech “peer-to-peer” lender to acquiring and becoming a bank.
We had a chance to talk about:
The factors that drove LendingClub to become a bank; what lessons today’s fintech (and crypto) companies can learn from the challenges LendingClub has navigated; how LendingClub is responding to the changing economic climate; the opportunity and impact of “alternative data,” like cashflow-based underwriting, and novel products, like earned wage access; and more!
Special thanks to episode sponsor TripActions, the end-to-end travel, expense management, and corporate card solution.
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