IEG Holdings Corp

Company Snapshot: IEG Holdings Corp

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Company Overview

IEG Holdings Corp. provides $5,000 and $10,000 online personal loans in the United States. Founder/CEO Paul Mathieson established a similar business in Australia that lent ~$48m to over 11,500 customers prior to moving to the United States in 2008 to replicate the successful business model. Loans are offered online in the US via IEGH's state licensed operating subsidiary Investment Evolution Corporation under the consumer brand "Mr. Amazing Loans".

The Group is headquartered in Las Vegas, Nevada and originates direct consumer installment loans online to residents of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Texas, and Utah. Investment Evolution Corporation holds state licenses and/or certificates of authority to lend in these sixteen states and offers all loans within the prevailing statutory rates.

IEGH plans to increase US population coverage to 25 US states encompassing ~75% of US market by obtaining 8 additional US online state licenses during 2016 including New York and Ohio

Client News

  1. Sep 1 2017 IEG Holdings Corporation Surpasses $15 Million Cumulative Loan Volume Level
  2. Aug 1 2017 IEG Holdings Will Not Proceed with LendingClub Tender Offer
  3. Aug 1 2017 IEG Holdings Corporation Announces Declaration of Dividend and Q2 2017 Earnings Results
  4. Jul 13 2017 IEG Holdings Highlights the Urgency of LendingClub Correcting its Flawed, Slim Margin "Broker" Business Model and Weak Underwriting Standards