The peer-to-peer lending startup had connected borrowers and sellers for personal loans up to $35,000, but now it's catering to small businesses with $100,000 loans.
Renaud Laplanche's business connecting lenders and borrowers is accelerating toward an IPO. In an interview, he scoffs at traditional banks and hints at what'll come of Google's $125 million investment.
The search giant takes a minority stake in the company, which hooks up people who need cash with those who are willing to dole it out.
The startup, which offers borrowers and lenders better interest rates than banks, is angling to become a publicly traded company.
The company launched a pilot program in September and will offer it to more customers in the coming weeks.
Now, with more than 100,000 titles in its lending library, the e-commerce giant says more independent books are being bought and read.
It's like a buy-one-get-one-free deal: loan out an e-book you've purchased and you'll get a loan from someone else in return. These services pair you up with interested parties.
commentary: Several authors on Twitter mistook an e-book lending Web site for a piracy hub, a mistake that eventually took the site offline. As the dust settles, a disturbing picture of file-sharing hysteria emerges.
Later this year, Kindle users will be able to lend out certain titles to other Kindle users, once, for up to 14 days. You'll also soon be able to read Kindle newspaper and magazine subscriptions on other devices.
Starting today, Amazon customers can now borrow all seven Harry Potter books in English, French, Italian, German, and Spanish.