Lending Club is the nation’s leading online credit marketplace, using technology to lower the cost of the traditional banking system.
It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market.
Lending Club operates an online lending platform that enables borrowers to obtain a loan, and investors to purchase notes backed by payments made on loans. Lending Club is the world's largest peer-to-peer lending platform. The company claims that $15.98 billion in loans had been originated through its platform up to 31 December 2015.
IPO / Stock: Went Public on Dec 11, 2014 / LC