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July 29, 2015 11:09 PM ET

Internet Software and Services

Company Overview of LendingClub Corporation

Company Overview

LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans. The company also offers investors an opportunity to invest in a range of loans based on term and credit characteristics. It serves investors, such as retail investors, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, and university endowments. The co...

71 Stevenson Street

Suite 300

San Francisco, CA 94105

United States

Founded in 2006

843 Employees

Phone:

415-632-5600

Key Executives for LendingClub Corporation

Founder, Chief Executive Officer and Director
Age: 44
Total Annual Compensation: $438.8K
Chief Financial Officer
Age: 50
Total Annual Compensation: $329.2K
Chief Operating & Marketing Officer
Age: 45
Total Annual Compensation: $345.8K
Chief Risk Officer
Age: 56
Total Annual Compensation: $295.0K
Chief Technology Officer
Age: 45
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

LendingClub Corporation Key Developments

Lending Club Opens to Investors in Arkansas, Iowa, and Oklahoma

Lending Club is continuing to expand its reach, and announced that its marketplace is now available to investors in Arkansas, Iowa, and Oklahoma. Lending Club is a two-sided marketplace that brings together borrowers looking for lower rates and a great experience, and investors looking for attractive returns. Individual retail investors use the platform to access consumer credit as an asset class not previously available to them. Investors on the Lending Club platform can invest in loans in increments as low as $25, diversifying across hundreds or thousands of borrowers, to quickly and easily build a portfolio that fits their investment objectives. Each fraction of a loan is invested in through a Note. Lending Club Notes have Historical Returns by Grade A-C of 5.06% to 8.74%. Among investors who own 100 or more Notes of similar size representing loans to different borrowers, 99.9% have seen positive returns.

Lending Club Platform Opens to Investors in Texas and Arizona

Lending Club announced that its marketplace is now open to investors in Arizona and Texas.

LendingClub Corporation Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 10:45 AM

LendingClub Corporation Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 10:45 AM. Venue: The Ritz Carlton, 600 Stockton Street, San Francisco, California, United States. Speakers: Renaud Laplanche, Founder, Chief Executive Officer and Director.

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