Funding Received
$392.2 Million in 12 Rounds from 17 Investors
Most Recent Funding
$65 Million Private Equity on April 17, 2014
Headquarters:
San Francisco, CA
Description:
Lending Club is the nation’s leading online credit marketplace, using technology to lower the cost of the traditional banking system.
Founders:
Renaud Laplanche
Categories:
Credit, Finance Technology, Personal Finance, Finance
Website:
https://lendingclub.com

Company Details

Update
Founded:
2007
Contact:
| (888) 376-6642
Employees:
12 in CrunchBase

Lending Club was founded in 2007 with one simple mission: create a more efficient alternative to the traditional banking system that provides lower rates to borrowers and better returns to investors. The company operates an online credit marketplace where investors provide loans to creditworthy borrowers in exchange for the interest income. Lending Club leverages technology to provide a simple, cost-efficient experience generating value that it passes on to customers. As of December 2013, more than $3 billion in loans have been issued to borrowers and nearly $300 million in interest payments have been returned to investors.

The company was founded by Renaud Laplanche, a highly respected entrepreneur; backed by a solid team that is made up of innovators from financial services, technology and consumer products.

Lending Club was recently recognized as one of the 20 "Breakthrough Ideas for 2009" by Harvard Business Review, has been nominated for "Top 100 Innovators" by The Industry Standard, is on the JMP Hot 100 list, and the Always On Global 250 Top Private Companies list. In addition Lending Club won the Webby Award in 2008 for the "Best Banking Website" while also obtaining nominations and honors in 2009, 2011.

Products (1)

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  • Uoxwsdo6rc5iw7ebdiqc

    Lending Club

    Lending Club is an online financial community that brings together creditworthy borrowers and...

Acquisitions (1)

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    BlackRock

    Global investment management.
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    T. Rowe Price

    Investment management firm
  • A80b59d3940daea060d7271a7a28fb9a

    Sands Capital Ventures

    Investment Management Firm
  • 978c81fb21a617003290b55ec7696a52

    Coatue Management

    Coatue Management invests in public and private equity markets focusing on the technology, media...
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    DST Global

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  • Eyvkeanfgp85cfg0sxbd

    FinSight Ventures

    Finsight Ventures helps entrepreneurs to disrupt the world of finance with technology.
  • 8d9f58b1d921f841bd95e76b4c0fa1e8

    Google Capital

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    Foundation Capital

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Offices/Locations (1)

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  • HQ

    71 Stevenson Street

    Suite 300

    San Francisco, CA 94105

    USA

  • 3a728d4f7bcf503a5381557ebbf7eec1

    LoanNow

    Next Generation Lender
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    Loanio is an auction-based peer-to-peer lending website.
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    CapAlly

    CapAlly is an online peer-to-peer student loan marketplace that links students to financial...
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    LendKey Technologies, Inc.

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Images (2)

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