OverviewSuggest Edit

Lending Club operates as an online marketplace that connects borrowers and investors. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and small business loans and lines of credit. The Company also offers investors an opportunity to invest in a range of loans based on term and credit characteristics. It serves retail investors, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, and university endowments.

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TypePublic
Founded2007
HQSan Francisco, US
Websitelendingclub.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Feb 2019)1,835(+4%)
Job Openings102
Revenue (FY, 2017)$574.5 M(-16%)
Share Price (Feb 2019)$3.6

Key People/Management at Lending Club

Scott Sanborn

Scott Sanborn

President and CEO
Tom Casey

Tom Casey

CFO
Steve Allocca

Steve Allocca

President
Patrick Dunne

Patrick Dunne

Chief Capital Officer
Angela Loeffler

Angela Loeffler

Chief People Officer
Sameer Gulati

Sameer Gulati

Chief Operations Officer
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Lending Club Office Locations

Lending Club has offices in San Francisco and Westborough
San Francisco, US (HQ)
300 71 Stevenson St
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Lending Club Financials and Metrics

Lending Club Revenue

Lending Club's revenue was reported to be $574.54 m in FY, 2017
USD

Revenue (Q2, 2018)

177.0m

Market capitalization (13-Feb-2019)

1.5b

Closing stock price (13-Feb-2019)

3.6

Cash (30-Jun-2018)

434.2m
Lending Club's current market capitalization is $1.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

193.0m211.1m562.4m689.0m574.5m

Revenue growth, %

115%104%16%

Cost of goods sold

187.4m56.6m549.7m688.4m

Gross profit

5.6m154.5m12.6m620.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

51.7m73.5m48.6m93.3m114.4m132.0m395.0m184.1m355.0m165.2m163.2m264.1m154.0m151.7m177.0m

Cost of goods sold

51.4m73.0m85.6m94.5m113.3m129.7m387.7m176.7m354.3m169.4m158.6m

Gross profit

365.0k464.0k(37.0m)(1.2m)1.1m2.2m7.3m7.5m685.0k(4.3m)4.6m

Gross profit Margin, %

1%1%(76%)(1%)1%2%2%4%0%(3%)3%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

49.3m869.8m623.5m515.6m401.7m

Accounts Receivable

16.0m24.3m38.1m40.3m

Inventories

PP&E

12.6m27.1m55.9m89.3m101.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

62.2m64.6m69.0m82.7m874.1m490.5m579.2m583.8m572.9m520.8m534.5m538.4m384.4m405.1m434.2m

PP&E

8.4m15.0m19.4m23.7m31.3m39.1m47.1m64.2m75.1m82.6m92.3m97.9m100.7m107.2m110.9m

Goodwill

72.7m72.6m72.7m72.7m72.7m72.7m37.3m35.6m35.6m35.6m35.6m35.6m

Total Assets

1.6b2.2b2.6b2.8b4.3b4.8b5.4b5.9b5.6b5.6b5.2b5.0b4.8b4.3b3.9b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

7.3m(4.2m)(5.0m)(146.0m)

Depreciation and Amortization

1.7m236.0k21.6m29.9m46.2m

Inventories

Accounts Payable

1.8m330.0k(598.0k)5.6m(1.9m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

4.5m(7.3m)(9.2m)(23.9m)(6.4m)(10.5m)(9.6m)4.1m(77.2m)(113.7m)(29.8m)

Depreciation and Amortization

907.0k6.6m4.7m9.8m15.5m6.7m13.7m21.4m10.3m21.1m32.4m11.7m24.3m

Accounts Payable

1.1m4.0m(1.1m)(1.8m)(669.0k)(3.1m)(123.0k)2.0m1.9m(3.8m)1.6m(3.8m)(6.1m)4.2m

Cash From Operating Activities

16.2m35.4m6.5m21.8m53.4m9.9m(1.2m)(7.7m)(17.1m)(30.7m)(160.8m)13.7m(212.5m)
USDY, 2018

Financial Leverage

4.5 x
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Lending Club Operating Metrics

Lending Club's Total Loans was reported to be $28.8b in Q2, 2017.
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Lending Club Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
SpringstoneApril 17, 2014

Lending Club Revenue Breakdown

Embed Graph

Lending Club revenue breakdown by business segment: 13.5% from Servicing fees, 84.2% from Transaction fees and 2.3% from Other

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Lending Club Online and Social Media Presence

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Lending Club Blogs

How to Take Out a Loan: Your Top 3 Questions Answered

Need to fill gaps in your budget this month or pay for a large purchase? Understanding how to take… The post How to Take Out a Loan: Your Top 3 Questions Answered appeared first on LendingClub Blog.

How Does Compound Interest Work to Grow Your Money?

Banking accounts, credit cards, student loans, mortgages, personal loans—each uses compound interest. To manage your finances successfully, it helps… The post How Does Compound Interest Work to Grow Your Money? appeared first on LendingClub Blog.

Soft Credit Check vs. Hard Credit Check: What’s the Difference?

Despite what you may think, not all credit inquiries have a negative impact on your credit score. Do you… The post Soft Credit Check vs. Hard Credit Check: What’s the Difference? appeared first on LendingClub Blog.

Do Your Future Self a Favor—Invest for Retirement

Will you outlive your retirement savings? According to the Social Security Administration, about one out of every four 65-year-olds… The post Do Your Future Self a Favor—Invest for Retirement appeared first on LendingClub Blog.

Doing What’s Right: Gender Diversity at LendingClub

We at LendingClub are a team of smart, dedicated people from a diverse set of backgrounds and experiences, including… The post Doing What’s Right: Gender Diversity at LendingClub appeared first on LendingClub Blog.

How to Stick to a Budget: 6 Fixes for Common Problems

Determined to stick to your money goals? Having a budget is your first line of defense. A good budgeting… The post How to Stick to a Budget: 6 Fixes for Common Problems appeared first on LendingClub Blog.
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Lending Club Company Life and Culture

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Lending Club Frequently Asked Questions

  • When was Lending Club founded?

    Lending Club was founded in 2007.

  • Who are Lending Club key executives?

    Lending Club's key executives are Scott Sanborn, Tom Casey and Steve Allocca.

  • How many employees does Lending Club have?

    Lending Club has 1,835 employees.

  • What is Lending Club revenue?

    Latest Lending Club annual revenue is $574.5 m.

  • What is Lending Club revenue per employee?

    Latest Lending Club revenue per employee is $313.1 k.

  • Who are Lending Club competitors?

    Competitors of Lending Club include Lendr, Dealstruck and ApplePie Capital.

  • Where is Lending Club headquarters?

    Lending Club headquarters is located at 300 71 Stevenson St, San Francisco.

  • Where are Lending Club offices?

    Lending Club has offices in San Francisco and Westborough.

  • How many offices does Lending Club have?

    Lending Club has 2 offices.