LendingClub
LendingClub is a publicly-traded online, peer-to-peer lending platform offering personal loans.
LendingClub overview
Founded
2007
Headquarter Location
San Francisco, CA
Company Size
1,000
Company Type
Public
Stock Symbol
About Lending Club
LendingClub is a publicly-traded company on the NYSE (stock ticker: LC). It is a peer-to-peer lender with over 3 million customers and have originated over $50B in loans.
Lending Club loans are made via WebBank (i.e. it relies on WebBank's licenses to lend). LendingClub funds its loans through banks, financial advisors, institutions (hedge funds), retail investors, and securitization by matching investors directly to borrowers or by using a line of credit from a bank and then packaging and selling the loans to investors.
Lending Club reviews
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