LendingClubThey were taken to the grave.

After the acquisition, shares of fintech giant Fintech Pioneer had stagnated over the years. 2016 ousterIts co-founder Renaud Laplanche,As recently as July 2020, trading was below $5 per share

LendingClub offers loans online, however personal loansCredit card debt is being reduced, which means that the industry is experiencing a revival.

This company decision to purchase an FDIC-backed bankThe company has also reduced its costs and developed new streams of revenue since early 2020. However, CEO Scott Sanborn states that the transformation is still very much in the beginning stages. LendingClub has seen its shares rebound by around 380% during the past twelve months. Analysts had expected the company to surpass their estimates three quarters in a row.