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Lending Club Overview
Lending Club is an online financial community that brings together creditworthy borrowers and savvy investors so that both can benefit financially. We replace the high cost and complexity of bank lending with a faster, smarter way to borrow and invest.
The Lending Club experience is truly liberating:
* You can join in minutes.
* If you're borrowing, you can apply for a loan and get...More»
Lending Club is an online financial community that brings together creditworthy borrowers and savvy investors so that both can benefit financially. We replace the high cost and complexity of bank lending with a faster, smarter way to borrow and invest.
The Lending Club experience is truly liberating:
* You can join in minutes.
* If you're borrowing, you can apply for a loan and get an instant rate quote.
* If you're investing, you can open an account instantly and get started building a portfolio that earns more than other investments with comparable risk.
* Everything is done online, so the whole process is fast, confidential, private, and rock-solid secure.«Less
Key People
Management
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 05/2007 | Seed | 2M | Unknown |
|
| 08/2007 | Series A | 10.26M | Unknown | |
| 03/19/2009 | Series B | 12M | Unknown | |
| 04/2010 | Series C | 25M | Unknown |
Products
| Name: | Lending Club |
| Product URL: | http://lendingclub.com/ |
| Description: | Lending Club makes borrowers go through a credit assessment and hand out credit grades ranging from A-G. Lenders can browse borrowers' profiles and find someone they want to lend to depending on the amount of risk they are willing to take or depending on who the borrower is (like a friend). Borrowers can use anonymous screen names to post their loan requests on the Lending Club Facebook application. Most of the loan requests are for consolidating debt so most borrowers probably don't want their credit histories to be public information. On the other hand, being open with potential lenders can increase the chance of landing a loan. According to Lending Club, average loan sizes clock in around $5,500, with $1,000 being the minimum loan size and $25,000 the max. Borrowers with low credit grades have higher average interest rates than borrowers with high credit grades. |
| Screenshots: |
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Page Information
11/07/2010 06:31AM by robgarciasj
User Opinions
Bulls vs. Bears (3)
| Bullish Opinions (2) | Author/Date | Do you agree? | |
|---|---|---|---|
|
P2P Lending should grow rapidly on social networks like Facebook |
dave 02/05/2008 |
  |
83% 6 votes 5 17% 1 |
|
P2P Lending has been shown to be successful by Prosper and Zopa |
dave 02/05/2008 |
|
100% 5 votes 5 0% 0 |
| Bearish Opinions (1) | Author/Date | Do you agree? | |
|---|---|---|---|
|
They were shut down due to lack of license
1 comment
Add Comment
|
kevins 06/20/2008 |
|
50% 4 votes 2 50% 2 |
Sounds like they may be able to resume service
|
tara | 06/20/2008 | |
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| Alexa Rank: | n/a |  |
n/a |
| Yahoo Search Results: | n/a | ||
News & Blogs
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Twitter VC Fred Wilson’s first late-stage investment: $25M for Lending Club
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Apr 8, 2011 - 0 comments
Lending Club Finds $25M More
Aug 3, 2011 - 0 comments
Lending Club gets $25M in round led by Union Square
Aug 3, 2011 - 0 comments
What you need to know - 08/03/11
Aug 3, 2011 - 0 comments
Lending Club on Twitter
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