Alto Solutions to Provide IRA Platform for LendingClub Investors
Alto Solutions, a self-directed IRA platform, reports that it has been selected by
LendingClub (NYSE: LC) as the new preferred IRA custodian for LendingClub IRA account holders. The news follows an announcement last month that Alto had raised $17 million in a Series A funding round led by Unusual Ventures.
According to Alto, LendingClub’s 13,000 IRA investors can now diversify their retirement accounts beyond LendingClub Notes.
At the end of 2020, LendingClub announced it was discontinuing its loan investment option for retail investors so it is not immediately clear as to how this will impact either Alto or LendingClub going forward. As LendingClub is now a digital ban
AlleyWatch
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/24/21 featuring funding details for Clasy, Bitmovin, and twenty-seven other rounds that you must know about.
AlleyWatch
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/24/21 featuring funding details for Clasy, Bitmovin, and twenty-seven other rounds that you must know about.