+1-650-457-5617meetings@svicenter.com
+1-650-457-5617
meetings@svicenter.com

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Operator of an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility

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LendingClub

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LendingClub Corp is a United States-based company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offer loan products such as personal, education and patient finance, small business and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.

Year Founded
2006
Employees
1.8 K
RevenueFY 2018
$694.8 M
Net IncomeFY 2018
($128.3 M)
General Information
  • Website

    http://lendingclub.com/

  • Business Status

    Generating Revenue/Not Profitable

  • Ownership Status

    Publicly Held

  • Financing Status

    Formerly VC-backed

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LendingClub Status

Foundation Capital sold its full stake in the company (NYSE:LC) for an undisclosed amount on April 2, 2018.

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Headquarters
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  • HQ Address Line 1
    71 Stevenson Street
  • HQ Address Line 2
    Suite 1000
  • HQ City
    San Francisco
  • HQ State/Province
    California
  • HQ Post Code
    94105
  • HQ Country
    United States
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