×

Lending Club

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

Disrupting
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

Tech

Latest Special Reports

  • Top States 2016

    CNBC's annual study measures all 50 states on more than 60 different metrics.

  • People walk amongst aircraft exhibited on the tarmac during the opening of the International Paris Airshow at Le Bourget on June 15, 2015.

    The International Paris Air Show is celebrating its 52nd anniversary this year with the big movers and shakers in the aerospace and defense industry all attending the event.

  • International business and political leaders gather in Dalian, China for the 2017 instalment of the World Economic Forum’s Annual Meeting of the New Champions.