Lending Club

lendingp2p lending

FOUNDING YEAR: 2007
LOCATION: United States
Last Update: 19/01/2021

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About

LendingClub is America's largest online marketplace connecting borrowers and investors, facilitating personal loans, business loans, and financing for elective medical procedures and K-12 education and tutoring. Borrowers access lower interest rate loans through a fast and easy online or mobile interface. Investors provide the capital to enable many of the loans in exchange for earning interest. We operate fully online with no branch infrastructure, and use technology to lower cost and deliver an amazing experience. We pass the cost savings to borrowers in the form of lower rates and investors in the form of attractive returns. Were transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals every day.Since launching in 2007 weve built a trusted brand with a track record of delivering exceptional value and satisfaction to both borrowers and investors. LendingClubs awards include being named to the Inc. 500 in 2014 and a CNBC Disruptor 50 for the second year in a row, one of Forbes Americas Most Promising Companies three years in a row, one of The Worlds 10 Most Innovative Companies in Finance by Fast Company in 2013 and a 2012 World Economic Forum Technology Pioneer.(Notes by Prospectus - https://www.lendingclub.com/info/prospectus.action)

MEDICI Analysis

Lending Club is an online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures. It enables borrowers to access lower interest rate loans through a fast and easy online or mobile interface. Investors provide the capital to enable many of the loans in exchange for earning interest. In Apr 2014, It acquired Springstone for $140M in cash & stock. It was named one of Forbes' America's Most Promising Companies three years in a row

Focus

PRODUCTS & SERVICES

Costumer loans, Business Loans. Provides loans at a very low rate when compared to banks. Investors - Better return from the diversified portfolio of loans.

REVENUE MODEL

The company charge borrowers an origination fee of 1%-5% (depending on credit risk) and creditors a service fee equal to 1% of the loan amount.

MAIN CLIENTS

Guild Staging & design.

EXISTING PARTNERSHIPS

Citi bank

HomeAdvisor

BancAlliance

Alibaba

Google

CreditKarma

MileagePlus

YNAB

Quizzle

etc. To provide affordable loans to consumers

lending club has strategic partnership with banks.

COMMENT

No prepayment penalty, fast processing of the loans when compared to traditional banks. The online system and sound technology help the company lower the cost of credit and pass the savings back in the form of lower rates for borrowers and solid returns for investors.

Traction

VALUATION / MARKET CAP:

$8.5 B in 2015

COMPANY TYPE:

For Profit

STOCK EXCHANGE:

NYSE - New York Stock Exchange

REVENUE

$10M+ in 2014

VALUATION AT IPO:

5400000000

MONEY RAISED AT IPO:

865500000

NUMBER OF TRANSACTIONS:

290 K

TRANSACTIONS VALUE:

$3.5 B

ACTIVE USERS:

0.1300

TRACTION COMMENT:

Lending Club has joined the Millennium Alternative Investment Network (MAIN) expanding access for investors and advisers who may now quickly and easily build a diversified portfolio of Lending Club loans.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

2,057,129

AVERAGE VISITS (6 MONTHS)

2,824,946.61

MONTHLY VISITS GROWTH

-12.02%

VISIT DURATION

226

VISIT DURATION GROWTH

5.03%

PAGE VIEWS VISIT

4.63

PAGE VIEWS VISIT GROWTH

6.57%

BOUNCE RATE

31.57%

BOUNCE RATE GROWTH

-0.29%

GLOBAL TRAFFIC RANK

20,970

MONTHLY RANK CHANGE

-762

MONTHLY RANK GROWTH

-3.51%

Innovation Programs

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Lending Club

About

Lending Club operates an online credit marketplace where investors provide loans to creditworthy borrowers in exchange for the interest income.

Focus

PRODUCTS & SERVICES

Costumer loans, Business Loans. Provides loans at a very low rate when compared to banks. Investors - Better return from the diversified portfolio of loans.

REVENUE MODEL

The company charge borrowers an origination fee of 1%-5% (depending on credit risk) and creditors a service fee equal to 1% of the loan amount.

PRIMARY CUSTOMER TYPE

Consumer

Traction

ANNUAL REVENUE:

$10M+

NUMBER OF TRANSACTIONS:

290 K

TRANSACTIONS VALUE:

3.5 B

ACTIVE USERS/ACCOUNTS:

0.1300 Million

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

501-1000

BOARD MEMBERS AND ADVISORS:

Michael S. Barr, Jeff Huber, Alex W. "Pete" Hart, Gary Briggs, Christopher D Thom, Brian M. Barefoot, John Furjanic, Dr. Walter Kuemmerle, Soul Htite, Renaud Laplanche, John Mack, Mary Meeker, Hans Morris, Lawrence H. Summers, Simon Williams, Daniel T. Ciporin, Jeff Crowe

INVESTORS:

Amidzad Partners

BlackRock

Canaan Partners

Coatue Management

DST Global

FinSight Ventures

Flint Capital

Foundation Capital

Gold Hill Capital

Google Capital

Kleiner Perkins Caufield & Byers

Morgenthaler Ventures

Norwest Venture Partners - NVP

Sands Capital Ventures

Silicon Valley Bank

T. Rowe Price

Thomvest Ventures

Union Square Ventures

Momentum

FUNDED

YES

TOTAL FUNDING:

$89.3 M

LISTED

YES

SEED CLOSED ON

May 2013

FUNDING SERIES

SERIES A  · $10.3 M  · Aug 2007

SERIES B  · $12 M  · Mar 2009

SERIES C  · $24.5 M  · Apr 2010

SERIES D  · $25 M  · Aug 2011

SERIES E  · $17.5 M  · Jun 2012