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.
Generating Revenue/Not Profitable
Publicly Held
Formerly VC-backed
The Marketplace Lending Association & the Online Lending Policy Institute have merged to form the American Fintech Council. “This is a transformational merger between two orgs. committed to financial inclusion,” Richard Neiman, founding member of #MLA https://t.co/bEO9OWu2kK
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Could a little infusion of cash help right now? Our guide to the 8 types of loans can help. https://t.co/juoDLvF9o5
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Foundation Capital sold its full stake in the company (NYSE:LC) for an undisclosed amount on April 2, 2018.
The Marketplace Lending Association & the Online Lending Policy Institute have merged to form the American Fintech Council. “This is a transformational merger between two orgs. committed to financial inclusion,” Richard Neiman, founding member of #MLA https://t.co/bEO9OWu2kK
Did you know a personal loan can help you pay off medical bills, consolidate credit card debt, or cover emergency home repairs? Find out how #personalloans #homeimprovementloans https://t.co/eoDfAIvYN6
Could a little infusion of cash help right now? Our guide to the 8 types of loans can help. https://t.co/juoDLvF9o5
Want to learn how to make and manage money during 2021? Start listening to and reading the best personal finance podcasts and eBooks of the year. https://t.co/ZppTtIM7Bm
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