Lending Club

Company Information

URL: https://www.lendingclub.com

Year Founded: 2006

Location: San Francisco, CA

Zip Code: 94105

Full-Time Employees: 501-1,000

Type of Company: Private

Target Markets: Business to Consumer

Category: Finance & Investment

Sources of Revenue: Not reported by company

Areas of social impact: Not Available

Approximate number of sources of government open data: 101+ Agencies/Local Governments/Organizations

Description:

Lending Club was founded with the mission to create a more efficient alternative to the traditional banking system that provides lower rates to borrowers and better returns to investors. The company operates an online credit marketplace where investors provide loans to creditworthy borrowers in exchange for the interest income. Lending Club leverages technology to provide a simple, cost-efficient experience generating value that it passes on to customers. As of December 2013, more than $3 billion in loans have been issued to borrowers and nearly $300 million in interest payments have been returned to investors.

Agency and Data Information

  • Multiple government open data sources

    • Public record on bankruptcies and judgments

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