Lending Club

Lending Club

  • FOUNDING YEAR: 2007
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020
    Phone:
    +1 415-632-5600

Description

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:
Viewable by subscribers only
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.

PEOPLE

MEDICI analysts will analyze Lending Club soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$160.23 Millions
DATE OF LAST FUNDING:
Apr 2017
SEED & PRIOR FUNDING:
$2 Millions
FUNDING SERIES:
SERIES A
$10.26 Millions Closed: Aug 2007
SERIES B
$12 Million Closed: Mar 2009
SERIES C
$24.5 Millions Closed: Apr 2010
SERIES D
$25 Millions Closed: Aug 2011
Secondary Market
$182 Million Closed: Nov 2013
Others
$86.47 Millions Closed: Aug 2014
DEBT FUNDING:
$50 Millions
LISTED:
YES

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