PayPal Vet Koohestani Joins LendingClub as CTO

LendingClub hired technology veteran Bahman Koohestani as the company’s chief technology officer. Koohestani will report directly to CEO Scott Sanborn.

JPMorgan Agents $200MM Facility for LendingClub

LendingClub Warehouse, a wholly-owned subsidiary of fintech lender LendingClub, entered into a warehouse credit agreement with JPMorgan Chase as administrative agent.

Bloomberg: LendingClub in Talks with Citigroup for Financing

Bloomberg reported that online lender LendingClub is in talks with Citigroup to arrange more funding to support its lending platform.