Lending Club

FOUNDING YEAR: 2007
LOCATION: United States
Last Update: 03/09/2020

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About

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

MEDICI Analysis

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.

MAIN CLIENTS

Guild Staging & design.

EXISTING PARTNERSHIPS

Citi bank

HomeAdvisor

BancAlliance

Alibaba

Google 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

REVENUE

$10M+ in 2014

NUMBER OF TRANSACTIONS:

290 K

TRANSACTIONS VALUE:

$3.5 B

ACTIVE USERS:

0.1300

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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.

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