Results 1 to 8 of 8
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03-07-2019, 05:31 PM #1
- Join Date
- Feb 2017
- Posts
- 3,411
Losses at Funding Circle jump 40%
Read all about it! Read all about it!
https://www.ft.com/content/64062150-...e-efab61506f44
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03-07-2019, 05:49 PM #2
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
thast what they get for dropping thier brokers.
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03-07-2019, 06:00 PM #3
- Join Date
- Feb 2017
- Posts
- 3,411
Don't know if dropping brokers helped or hurt.
FC kept finding dailies stacked - bring in a broker, they start with FC, then they go to OnDeck, then to the 3rd/4th/5th positions funders and make a killing all along the way.
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03-07-2019, 06:07 PM #4
- Join Date
- Apr 2014
- Posts
- 781
Wow
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03-11-2019, 05:03 PM #5
- Join Date
- Jan 2019
- Posts
- 3
Based on the article, the losses weren't caused by loan defaults, it was expansionary activities....marketing and staffing.
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03-15-2019, 12:30 PM #6
- Join Date
- Feb 2018
- Posts
- 1,349
I am sure some brokers were part of the issue. they would not have shed broker's if it was profitable.
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03-18-2019, 02:36 PM #7
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
Yeah, this is not a reference to portfolio performance - trying to glean that from the headline is misleading. These are GAAP losses due to increased marketing, overhead, etc.
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03-25-2019, 12:47 PM #8
- Join Date
- Jun 2017
- Posts
- 2,049
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