Wires

UPDATE 1-LendingClub beats profit estimates on higher fee income, loans

(Compares with estimates, adds share movement)

Nov 5 (Reuters) - LendingClub Corp beat analysts' estimates for quarterly profit on Tuesday, as the online lending pioneer's income from fees jumped and it arranged for more loans.

The company collects fees for connecting consumers looking for loans to individuals or institutional investors, such as banks, through its online marketplace.

Transaction fees jumped 17% while loan originations soared 16% to $3.35 billion in the third quarter.

Total revenue rose 11% to $204.9 million.

The San Francisco-based company's net loss narrowed to $383,000, or break-even per share, in the three months ended Sept. 30, from $22.8 million, or 27 cents per share, a year earlier. (https://reut.rs/2Ck3Hdi)

Excluding one-time items, LendingClub earned 9 cents per share, while analysts on average had expected a profit of 2 cents, according to IBES data from Refinitiv.

The company's shares rose 3% to $13.67 in extended trading.

(Reporting by C Nivedita in Bengaluru; Editing by Sriraj Kalluvila)