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Lending Club

A platform for lenders and borrowers offering competitive interest rates and returns on debt investments as an alternative to traditional banks.

Traditional loan servicing from banks and loan investment managers.

Source: Lending Club

Headquarters: San Francisco
CEO: Renaud Laplanche
Year Founded: 2007
Number of Employees: 200
Funding: $102.8 million
Key Investors: Kleiner Perkins Caufield & Byers, Union Square Ventures, Canaan Partners, Norwest Venture Partners, Morgenthaler Ventures, Thomvest Ventures, Google, Foundation Capital and John Mack

Vital Stats

  • Revenue increased more than 5 times from 2010 to 2012, reaching $34 million
  • $90 million revenue target for 2013
  • Reached profitability in first quarter of 2013
  • Loans funded to date: $1,744,318,450
  • Loans funded last month: $140,125,775
  • Interest paid to investors since inception: $150,897,461
  • Just completed a $125 million secondary equity sale to Google and Foundation Capital

On Disruption

"Disruption is about upending the status quo to deliver a profoundly better solution." -Renaud Laplanche, Founder and CEO


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