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.