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.

TypePublic
Founded2007
HQSan Francisco, US
Websitelendingclub.com
Employee Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2019)1,538(-13%)
Job Openings21
Revenue (FY, 2019)$758.6 M(+10%)
Share Price (Nov 2020)$5.5 (+2%)
Cybersecurity ratingBMore

Key People/Management at Lending Club

Scott Sanborn

Scott Sanborn

Chief Executive Officer & Director
Valerie Kay

Valerie Kay

Chief Capital Officer
Tom Casey

Tom Casey

CFO
Doug Lambert

Doug Lambert

Vice President, Capital Markets Group
Jeff Andrews

Jeff Andrews

Vice President, Strategic Partnerships
Richard Loggins

Richard Loggins

Vice President, Institutional Sales
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Lending Club Office Locations

Lending Club has offices in San Francisco, Lehi, Pleasanton and Westborough
San Francisco, US (HQ)
595 Market Street, 595 Market St #200, San Francisco
Lehi, US
2701 N Thanksgiving Way #300
Pleasanton, US
5880 Owens Dr
San Francisco, US
71 Stevenson St #300, San Francisco
Westborough, US
1700 W Park Dr #310
Show all (5)

Lending Club Financials and Metrics

Lending Club Revenue

Lending Club's revenue was reported to be $758.61 m in FY, 2019
USD

Revenue (Q3, 2020)

74.7m

Net income (Q3, 2020)

(34.3m)

Market capitalization (13-Nov-2020)

431.8m

Closing stock price (13-Nov-2020)

5.5

Cash (30-Sept-2020)

445.2m

EV

84.9m
Lending Club's current market capitalization is $431.8 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

562.4m689.0m574.5m694.8m758.6m

Revenue growth, %

166%23%(17%)21%

Cost of goods sold

549.7m688.4m

Gross profit

12.6m620.0k
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

114.4m132.0m395.0m184.1m355.0m165.2m163.2m139.6m154.0m151.7m177.0m174.4m190.8m204.9m120.2m43.9m74.7m

Cost of goods sold

113.3m129.7m387.7m176.7m354.3m169.4m158.6m

Gross profit

1.1m2.2m7.3m7.5m685.0k(4.3m)4.6m

Gross profit Margin, %

1%2%2%4%0%(3%)3%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

31.2m49.3m869.8m623.5m515.6m401.7m373.0m243.8m

Accounts Receivable

40.3m

Inventories

PP&E

524.9k12.6m27.1m55.9m89.3m101.9m113.9m114.4m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

9.6m32.2m24.7m51.3m54.6m62.2m64.6m69.0m82.7m874.1m490.5m579.2m583.8m572.9m520.8m534.5m538.4m384.4m405.1m434.2m348.0m402.3m334.7m200.0m294.3m338.4m445.2m

Accounts Receivable

354.1k360.8k519.8k

Prepaid Expenses

92.1k220.5k406.8k2.1m3.0m2.6m

PP&E

327.7k376.7k398.2k3.0m5.0m8.4m15.0m19.4m23.7m31.3m39.1m47.1m64.2m75.1m82.6m92.3m97.9m100.7m107.2m110.9m110.5m118.2m119.6m117.2m116.0m106.7m101.0m
USDQ1, 2012

Financial Leverage

-5 x
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Lending Club Operating Metrics

Lending Club's Total Loans was reported to be $28.8b in Q2, 2017.
Show all operating metrics

Lending Club Acquisitions / Subsidiaries

Company NameDateDeal Size
Radius BankFebruary 19, 2020$185 m
SpringstoneApril 17, 2014

Lending Club Revenue Breakdown

Embed Graph

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

Lending Club Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Lending Club Online and Social Media Presence

Embed Graph

Lending Club Company Culture

  • Overall Culture

    C-

    65/100

  • CEO Rating

    D-

    60/100

  • Compensation

    C+

    71/100

  • Diversity

    C-

    64/100

Learn more on Comparably

Lending Club Blogs

5 Smart Ways to Use Your Tax Refund

If you’re expecting a tax refund this year, you might be wondering what money moves can help you make… The post 5 Smart Ways to Use Your Tax Refund appeared first on LendingClub Blog.

5 Steps for Building a Strong Financial Foundation

Do you want to be the master of your money? So many people crave financial health but feel less… The post 5 Steps for Building a Strong Financial Foundation appeared first on LendingClub Blog.

Spotlight On: Rockstar Women Engineers

As Women’s History Month comes to a close, we remain grateful and inspired by all the strides women have… The post Spotlight On: Rockstar Women Engineers appeared first on LendingClub Blog.

Balance Transfer Loan or Balance Transfer Credit Card? How to Choose

Feeling stuck in an ongoing cycle of credit card debt? We know how frustrating it can be to continually… The post Balance Transfer Loan or Balance Transfer Credit Card? How to Choose appeared first on LendingClub Blog.

Marketplace Loans: How Might They Perform During A Downturn?

In this issue of Marketplace Insights, we focus on how marketplace loans might perform during an economic slowdown or… The post Marketplace Loans: How Might They Perform During A Downturn? appeared first on LendingClub Blog.

24 Landmark Facts about Women and Money

In honor of Women’s History Month—and the countless female financial trailblazers whose work laid the foundation for many of… The post 24 Landmark Facts about Women and Money appeared first on LendingClub Blog.
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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, Valerie Kay and Tom Casey.

  • How many employees does Lending Club have?

    Lending Club has 1,538 employees.

  • What is Lending Club revenue?

    Latest Lending Club annual revenue is $758.6 m.

  • What is Lending Club revenue per employee?

    Latest Lending Club revenue per employee is $493.2 k.

  • Who are Lending Club competitors?

    Competitors of Lending Club include Lufax Holding, SoFi and Avant.

  • Where is Lending Club headquarters?

    Lending Club headquarters is located at 595 Market Street, 595 Market St #200, San Francisco, San Francisco.

  • Where are Lending Club offices?

    Lending Club has offices in San Francisco, Lehi, Pleasanton and Westborough.

  • How many offices does Lending Club have?

    Lending Club has 5 offices.