This Fintech Is Building an AI-Powered Bank on the Cheap -- and Trades for Less Than Book Value
In the wake of all the economic and interest rate turmoil since the pandemic, some promising young AI fintech start-ups went bust. However, one of the older and established fintechs, LendingClub (NYSE: LC), has been scooping up several bankrupt start-ups' intellectual property on the cheap.LendingClub is using this IP in addition to its own investment to build a potentially powerful financial ecosystem with lots of growth potential in the years ahead. Investors should take note.Continue reading
In the wake of all the economic and interest rate turmoil since the pandemic, some promising young AI fintech start-ups went bust. However, one of the older and established fintechs, LendingClub (NYSE: LC), has been scooping up several bankrupt start-ups' intellectual property on the cheap.
LendingClub is using this IP in addition to its own investment to build a potentially powerful financial ecosystem with lots of growth potential in the years ahead. Investors should take note.
