Google Invests In Lending Club; Google Investment Bank Coming Soon? ($GOOG)

Google is making an interesting move investing in Lending Club, an online peer-to-peer lending network like Prosper. I think we are witnessing a slow revolution in the credit market after the 'too-big-to-fail' banks destroyed the financial system and got bailed out. Google should compete or partner with the TBTF banks to make the credit market more efficient and transparent (and of course unlock shareholder value). Bloomberg TV interviewed Lending Club's founder and CEO Renaud Laplanche recently. Watch it below via Yahoo Screen.



Video also at Bloomberg.com.

Comments

  1. Hi,

    This investment has big implications for Google, Lending Club, and Peer-to-Peer Lending in general. I touch on some of them in my blog post:

    http://www.peerlendingadvisors.com/5-takeaways-from-googles-125m-investment-in-lending-club

    ReplyDelete

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