Credit platform appoints Sid Jajodia as VP, business
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Oct 16, 2013, 08:00 ET
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BAY AREA , Oct. 16, 2013 /PRNewswire/ — Lending Club today announced so it has appointed Sid Jajodia as vice president, small company. Jajodia formerly served being a senior vice president at Capital One Bank, where he oversaw business lending. He serves from the board associated with small company Financial Exchange, a market consortium made up of small company lenders formed to market the rise and health regarding the business credit industry that is small. At Lending Club, he can simply take a role that is leading the launch of your small business financing platform prepared for 2014.
«smaller businesses are driving both economic development and work creation, yet are struggling to get into capital,» said Lending Club CEO Renaud Laplanche . «We will be Lending that is using Club low priced operations to create credit more available and much more affordable for small enterprises and deliver a radically enhanced client experience. Our company is delighted to welcome Sid as being a key person in the group.»
Lending Club has facilitated significantly more than $2.6 billion in customer loans up to now, and intends to roll down a small company loan platform year that is next. Lending Club continues to cultivate quickly with $203 million in brand brand new loans given through its platform in September 2013 . The working platform’s growth happens to be fueled by borrowers searching for reduced prices and payments that are fixed and investors searching for yield. Read More