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April 17, 2014 06:28 pm GMT

Lending Club Raises $115M In Debt And Equity, Buys Financing Company Springstone Financial For $140M

Google-Backed_Lending_Club_Brings_Peer-To-Peer_Lending_To_Business_Loans___TechCrunchPeer-to-peer lending marketplaceLending Club is announcing new funding and an acquisition this morning. The company raised $65 million from T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital, and $50 million in debt. And Lending Club acquired financing company Springstone Financial for $140 million in cash and stock. Read More

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