Investors have become skeptical about online lending since early pioneers flamed out

Investors have become skeptical about online lending since early pioneers flamed out

6 years ago
Anonymous $Gu9VYqcl-R

https://www.cnbc.com/2017/08/19/online-lending-start-ups-investors-skeptical.html

Online lending startups looking to raise money now have to answer one important question that didn't get asked much in the past: how do avoid the fate of early pioneers like Lending Club or On Deck, which have lost nearly 80 percent of their value since going public in 2014.

At least that's what Bluevine CEO Eyal Lifshitz has experienced in his meetings with venture capitalists in recent years. Bluevine, an online lender that focuses on small businesses, last did an external round in 2016 and has raised a total of $188 million since its founding in 2013.