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LendingClub reports smaller loss on higher interest income

Aug 7 (Reuters) - Online lending platform operator LendingClub Corp reported a smaller loss on Monday, helped by higher net interest income and a drop in expenses.

The San Francisco-based company reported a net loss of $25.5 million, or 6 cents per share, for the second quarter ended June 30, compared with a profit of $81.4 million, or 21 cents per share, a year earlier.

Net revenue rose 35 percent to $139.6 million.

LendingClub has been on a revival mode since last May when an internal probe found the company had falsified documentation when selling $22 million of loans to an investor, leading to the ouster of its former Chief Executive Renaud Laplanche. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Shounak Dasgupta)