About LendenClub
LendenClub is a company based in Mumbai (India) founded in 2015 by Dipesh Karki and Bhavin Patel.. LendenClub has raised $11.93 million across 6 funding rounds from investors including Angel List, Wellfound and Venture Catalysts. LendenClub operates in a competitive market with competitors including Kissht, Branch, Money View, mPokket and Faircent, among others.
- Headquarter Mumbai, India
- Founders Dipesh Karki, Bhavin Patel
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.93 M (USD)
in 6 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 07, 2021
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Investors
Angel List
& 71 more
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Employee Count
Employee Count
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Funding Insights of LendenClub
LendenClub has successfully raised a total of $11.93M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $10.0M
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First Round
First Round
(12 Apr 2016)
- Investors Count 72
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - LendenClub | Valuation | Tuscan Ventures , Ohm Stock Broker | |
| Dec, 2020 | Amount | Seed - LendenClub | Valuation | Wellfound , Artha India Ventures | |
| Mar, 2019 | Amount | Seed - LendenClub | Valuation | Artha India Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LendenClub
LendenClub has secured backing from 72 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Venture Catalysts. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage tech and offline focused venture capital firm investing primarily in India
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Founded Year | Domain | Location | |
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Venture capital investments in Indian startups across various sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to innovative startups in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LendenClub
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LendenClub
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lendenclub Comparisons
Competitors of LendenClub
LendenClub operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kissht, Branch, Money View, mPokket and Faircent, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personal, business, and property loans are provided by Kissht.
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| domain | founded_year | HQ Location |
Branch is focused on providing faster workforce payment solutions.
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| domain | founded_year | HQ Location |
Loans, credit cards, gold investments, insurance, and UPI are provided.
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| domain | founded_year | HQ Location |
Provider of a digital lending platform offering instant personal loans to underserved youth, providing financial solutions through a mobile app
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| domain | founded_year | HQ Location |
Peer-to-peer lending platform is provided to connect lenders and borrowers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lendenclub
Frequently Asked Questions about LendenClub
When was LendenClub founded?
LendenClub was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is LendenClub located?
LendenClub is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of LendenClub?
Bhavin Patel is the current CEO of LendenClub. They have also founded this company.
Is LendenClub a funded company?
LendenClub is a funded company, having raised a total of $11.93M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Apr 12, 2016.
What does LendenClub do?
LendenClub was established in 2015 in Mumbai, India, within the fintech sector. A platform is provided for peer-to-peer lending, where borrowers are matched with investors based on credit evaluations. Funds are disbursed directly to borrowers bank accounts, while repayments are processed through credit or debit cards. Access is enabled via a mobile application compatible with iOS and Android systems.
Who are the top competitors of LendenClub?
LendenClub's top competitors include Money View, Kissht and mPokket.
Who are LendenClub's investors?
LendenClub has 72 investors. Key investors include Angel List, Wellfound, Venture Catalysts, Italica, and Transworld.
What is LendenClub's valuation?
The valuation of LendenClub is $49.98M as of Dec 2021.