Funding Received
$392.2 Million in 12 Rounds from 16 Investors
Most Recent Funding
$65 Million Private Equity on April 17, 2014
Founded:
October 1, 2006
Headquarters:
San Francisco, CA
Description:
Lending Club is the nation’s leading online credit marketplace. We're using technology to lower the cost of the traditional banking system.
Founders:
Renaud Laplanche
Categories:
Finance Technology, Personal Finance, Finance
Website:
https://lendingclub.com

Detailed Description

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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.

Current Team (16)

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Past Team (17)

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Board Members and Advisors (8)

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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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Investors (3)

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Offices/Locations (1)

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  • HQ

    71 Stevenson Street

    Suite 300

    San Francisco, CA 94105

    USA

Competitors (9)

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  • 3a728d4f7bcf503a5381557ebbf7eec1

    LoanNow

    Next Generation Lender
  • Fe8727c3d1d2e164a132bb1373dee391

    GreenNote

    GreenNote is a higher education crowd-funding site enabling students to reach out to their social...
  • 1df6d0a78a0d89ddbce11114f1e83f04

    Loanio

    Loanio is an auction-based peer-to-peer lending website.
  • B0218e18a31a8c0b07a1cfe37ba3db57

    CapAlly

    CapAlly is an online peer-to-peer student loan marketplace that links students to financial...
  • 5b4c8ba97c0cfdd7c2f2248801d31add

    LendKey Technologies, Inc.

    LendKey develops a cloud-based platform, enabling lenders to quickly, securely, and profitably...
  • 7ae8f401ddbf06a08b13038edfcc7dbe

    The Fish Pool

    Fishpool Creations is a Finland-based web design and IT consulting shop. They are the team behind...
  • 5fe5afd0210d774cbb5b5061010fb9a0

    Academic Capital Exchange

    Academic Capital Exchange (ACE), a peer-to-peer student loan marketplace, helps students obtain...
  • 819665a750cb088a1043a3ad5e357ac7

    Prosper

    Prosper is a peer-to-peer lending marketplace, allowing people to invest in each other...

Images (1)

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