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
Lending Club operates an online credit marketplace where investors provide loans to creditworthy borrowers in exchange for the interest income.
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.
Viewable by subscribers only
Guild Staging & design.
Citi bank, HomeAdvisor, BancAlliance, Alibaba, Google, CreditKarma, MileagePlus, YNAB, Quizzle, etc.
To provide affordable loans to consumers, lending club has strategic partnership with banks.
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.
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
NUMBER OF EMPLOYEES:
Flint Capital,Coatue Management,BlackRock,Sands Capital Ventures,DST Global,FinSight Ventures,T. Rowe Price,Union Square Ventures,Thomvest Ventures,Foundation Capital,Norwest Venture Partners - NVP,Canaan Partners,Gold Hill Capital,Google Capital,Kleiner Perkins Caufield & Byers,Morgenthaler Ventures,Amidzad Partners,Silicon Valley Bank
VALUATION / MARKET CAP:
$8.5 Billions in 2015
NUMBER OF TRANSACTIONS:
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.