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May 25, 2015 4:28 AM 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: 43
Total Annual Compensation: $438.8K
Chief Financial Officer
Age: 49
Total Annual Compensation: $329.2K
Chief Operating & Marketing Officer
Age: 44
Total Annual Compensation: $345.8K
Chief Risk Officer
Age: 55
Total Annual Compensation: $295.0K
Chief Technology Officer
Age: 44
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

LendingClub Corporation Key Developments

LendingClub Corporation Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-20-2015 10:40 AM

LendingClub Corporation Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-20-2015 10:40 AM. Venue: The Westin Boston Waterfront, 425 Summer St., Boston, MA 02210, United States. Speakers: Renaud Laplanche, Founder, Chief Executive Officer and Director.

Newtek Business Services Corp. Forms Partnership with Lending Club

Newtek Business Services Corp. announced that it has entered into an exclusive partnership with Lending Club. This partnership will allow Newtek to expand its lending product menu and offer business loans to its customer base through the Lending Club platform.

LendingClub Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for the Fiscal Year 2015

LendingClub Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, operating revenue was $81.0 million, compared to $38.7 million in the same period last year, an increase of 109% year-over-year. Adjusted EBITDA was $10.6 million compared to $1.9 million in the same period last year. GAAP net loss was $6.4 million compared to a net loss of $7.3 million in the same period last year. GAAP net loss included $11.6 million of stock-based compensation expense during the first quarter of 2015, compared to $7.0 million in the first quarter of 2014. Basic and diluted loss per share was $0.02 for the first quarter of 2015 compared to EPS of $0.13 in the same period last year. Adjusted EPS was $0.02 for the first quarter of 2015 compared to $0.00 in the same period last year. Total net revenue was $81,232,000 compared to $38,718,000 a year ago. Loss before income tax expense was $5,747,000 compared to $7,299,000 a year ago. Net cash flow from operating activities was $6,495 million compared to $20,094 million a year ago. Adjusted net income was $7,685,000 compared to $875,000 a year ago. The company provided earnings guidance for the second quarter and full year of 2015. For the second quarter, operating revenues are expected in the range of $90 million to $92 million and adjusted EBITDA in the range of $8.5 million to $10.5 million. For the fiscal year 2015, total revenues are expected in the range of $385 million to $392 million, up from $370 million to $380 million previously. Adjusted EBITDA is expected in the range of $40 million to $46 million, up from $33 million to $42 million previously.

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