LendingClub Status
Foundation Capital sold its full stake in the company (NYSE:LC) for an undisclosed amount on April 2, 2018.
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
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Website
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Business Status
Generating Revenue/Not Profitable
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Ownership Status
Publicly Held
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Financing Status
Formerly VC-backed
LendingClub News and Updates
Top 10 Fintech News Stories for the Week Ending May 15, 2021
Lend Academy | May 15, 2021
Fintech Lending Market is Thriving Worldwide with Atom Bank, Lending Club, Lufax – The Shotcaller
The Shotcaller | May 15, 2021
Former Radius chief brings fintech mentality to New York de novo
American Banker | May 14, 2021
Need a credit card or auto loan? Banks are making them easier to get
Livemint | May 14, 2021
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Headquarters
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HQ Address Line 171 Stevenson Street
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HQ Address Line 2Suite 1000
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HQ CitySan Francisco
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HQ State/ProvinceCalifornia
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HQ Post Code94105
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HQ CountryUnited States
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