About LendingClub
LendingClub is a company based in San Francisco (United States) founded in 2006. It operates as a Two-Sided Marketplace, Commission-Based, and FinTech. LendingClub has raised $219.26 million across 14 funding rounds from investors including SVB, Kleiner Perkins and BlackRock. The company has 1,000 employees as of December 31, 2024. LendingClub has completed 4 acquisitions, including Cushion AI, Radius Bank and Springstone. LendingClub offers products and services including Personal Loans, Auto Refinancing, and Banking Accounts. LendingClub operates in a competitive market with competitors including OneMain Financial, Eagle Financial Services, BlueChip Financial, Bacon Bacon and TrueConnect Loan, among others.
- Headquarter San Francisco, United States
- Employees 1000 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lendingclub Corporation
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Annual Revenue
$1.32 B3.63as on Dec 31, 2024
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Net Profit
$51.33 M31.82as on Dec 31, 2024
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EBITDA
$306.87 M-12.48as on Dec 31, 2024
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Total Equity Funding
$219.26 M (USD)
in 14 rounds
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Latest Funding Round
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Investors
SVB
& 16 more
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Employee Count
1000
as on Dec 31, 2024
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Investments & Acquisitions
Cushion AI
& 3 more
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IPO & Listings of LendingClub
LendingClub is a publicly listed company on the NYSE with ticker symbol LC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of LendingClub
LendingClub offers a comprehensive portfolio of products and services, including Personal Loans, Auto Refinancing, and Banking Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal loans are offered for various financial needs.
Auto refinancing is provided to reduce loan costs.
Checking and savings accounts are offered for customers.
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Software Development Team
82 people
Leadership Team
30 people
Finance and Accounting
20 people
Sales and Marketing
19 people
Senior Team
16 people
Data Analysis and Operations Team
14 people
Human Resources and Administration
11 people
Sr. Team
6 people
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Funding Insights of LendingClub
LendingClub has successfully raised a total of $219.26M across 14 strategic funding rounds. 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 14
- Last Round Last Round
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First Round
First Round
(24 May 2007)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Post-IPO - LendingClub | Valuation |
investors |
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| Apr, 2014 | Amount | Series F - LendingClub | Valuation | T. Rowe Price , Wellington |
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| Apr, 2014 | Amount | Debt – Conventional - LendingClub | Valuation |
investors |
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| 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 LendingClub
LendingClub has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Kleiner Perkins and BlackRock. 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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Growth stage tech & life sciences focused VC Firm investing in Asia and the US
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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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 LendingClub
LendingClub has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cushion AI, Radius Bank and Springstone. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bill payment and credit builder solutions for consumers
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2016 | ||||
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Network of community hospitals and behavioral health facilities
|
2010 | ||||
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Financing for elective medical and dental procedures is offered.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LendingClub
| 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 |
Lendingclub Comparisons
Competitors of LendingClub
LendingClub 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 OneMain Financial, Eagle Financial Services, BlueChip Financial, Bacon Bacon and TrueConnect Loan, 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 |
Online unsecured personal and auto loans
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| domain | founded_year | HQ Location |
Personal loans are provided via an internet-first platform.
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| domain | founded_year | HQ Location |
Provides short-term loans and credit access for underbanked consumers using machine learning.
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| domain | founded_year | HQ Location |
Delivers comprehensive personal financing solutions for individuals.
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| domain | founded_year | HQ Location |
Provides an employee benefits program offering loans without credit score requirements for financial support.
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| domain | founded_year | HQ Location |
Offers lawsuit funding, policy research, and support for law firms and plaintiffs.
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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 Lendingclub
Frequently Asked Questions about LendingClub
When was LendingClub founded?
LendingClub was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is LendingClub located?
LendingClub is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of LendingClub?
Scott Sanborn is the current CEO of LendingClub.
Is LendingClub a funded company?
LendingClub is a funded company, having raised a total of $219.26M across 14 funding rounds to date. The company's 1st funding round was a Series F of $65M, raised on May 24, 2007.
How many employees does LendingClub have?
As of Dec 31, 2024, the latest employee count at LendingClub is 1,000.
What is the annual revenue of LendingClub?
Annual revenue of LendingClub is $1.32B as on Dec 31, 2024.
What does LendingClub do?
LendingClub is established as a prominent digital marketplace bank in the U.S., connecting borrowers with investors since 2007. Operations are focused on personal loans, auto refinancing, and banking services like checking and savings accounts. Over 5 million members have been assisted with more than 90 billion in loans. The platform is designed to help members save money, pay down debt, and manage financial goals. Costs are kept low by avoiding brick-and-mortar locations, with savings passed to customers through competitive interest rates. Solutions are provided across financial sectors with a strong online presence.
Who are the top competitors of LendingClub?
LendingClub's top competitors include OneMain Financial, Eagle Financial Services and BlueChip Financial.
What products or services does LendingClub offer?
LendingClub offers Personal Loans, Auto Refinancing, and Banking Accounts.
Is LendingClub publicly traded?
Yes, LendingClub is publicly traded on NYSE under the ticker symbol LC.
How many acquisitions has LendingClub made?
LendingClub has made 4 acquisitions, including Cushion AI, Radius Bank, and Springstone.
Who are LendingClub's investors?
LendingClub has 17 investors. Key investors include SVB, Kleiner Perkins, BlackRock, T. Rowe Price, and Hanwha Life.
What is LendingClub's ticker symbol?
The ticker symbol of LendingClub is LC on NYSE.