Lending Club operates as an online marketplace that connects borrowers and investors in the United States. 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 investors, such as retail investors, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, and university endowments.

Type
Public
HQ
San Francisco, US
Founded
2007
Size (employees)
1,673 (est)+10%
Lending Club was founded in 2007 and is headquartered in San Francisco, US
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Key People/Management at Lending Club

Scott Sanborn

Scott Sanborn

President and CEO
Tom Casey

Tom Casey

Chief Financial Officer
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 Financials

Lending Club's revenue was reported to be $500.81 m in FY, 2016 which is a 16.5% increase from the previous period.
USD

Revenue (Q1, 2018)

151.7 m

Market capitalization (15-May-2018)

1.4 b

Closing share price (15-May-2018)

3.3

Cash (31-Mar-2018)

405.1 m
Lending Club's current market capitalization is $1.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

98 m211.1 m429.9 m500.8 m

Revenue growth, %

115%104%16%

Cost of goods sold

56.6 m56.6 m549.7 m688.4 m

Gross profit

41.4 m154.5 m(119.8 m)(187.6 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

51.7 m73.5 m48.6 m93.3 m114.4 m132 m148.6 m184.1 m170.8 m165.2 m163.2 m139.6 m151.7 m

Cost of goods sold

51.4 m73 m85.6 m94.5 m113.3 m129.7 m144.7 m176.7 m177.6 m169.4 m158.6 m

Gross profit

365 k464 k(37 m)(1.2 m)1.1 m2.2 m3.9 m7.5 m(6.8 m)(4.3 m)4.6 m

Gross profit Margin, %

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

Cash

49.3 m869.8 m623.5 m515.6 m

Accounts Receivable

16 m24.3 m38.1 m40.3 m

PP&E

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

Cash

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

PP&E

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

Goodwill

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

Total Assets

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

Net Income

(4.2 m)(4.2 m)(5 m)(146 m)

Depreciation and Amortization

236 k236 k21.6 m29.9 m

Accounts Payable

330 k330 k(598 k)5.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

2.7 m(7.3 m)(9.2 m)(7.4 m)(6.4 m)(4.1 m)950 k4.1 m(81.4 m)(36.5 m)(29.8 m)

Depreciation and Amortization

4.7 m21.1 m11.7 m

Accounts Payable

4 m3.4 m(1.8 m)5.1 m3.8 m5.9 m7.7 m7.7 m7.5 m1.6 m(6.1 m)

Cash From Operating Activities

6.5 m(30.7 m)13.7 m
USDY, 2018

Financial Leverage

4.7 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
Springstone April 17, 2014
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