Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

Andreessen Horowitz <3 Latin American startups.
Latin America is the only region outside of the U.S. where the venture firm is routinely investing capital, and it just made another commitment, doubling down on its early-stage support for the point-o… Continue reading Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

Lending Club shares are crashing after its CEO resigns

Renaud LaPlanche, Lending Club Lending Club shares are down more than 25% — shaving off hundreds of millions of dollars off the company’s roughly $2.5 billion market cap — after it announced its CEO would resign following an internal review of $22 million in near-prime loan sales to a single investor.
Renaud Laplanche will leave the company after a review of a loan sale that didn’t meet the… Read More Continue reading Lending Club shares are crashing after its CEO resigns