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
Culture scoreC-

Latest Updates

Employees (est.) (Dec 2019)1,538(-13%)
Job Openings5
Revenue (FY, 2019)$758.6 M(+10%)
Share Price (May 2020)$5.4 (-7%)

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
Steve Allocca

Steve Allocca

President
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Lending Club Office Locations

Lending Club has an office in San Francisco
San Francisco, US (HQ)
595 Market Street, 595 Market St #200, San Francisco
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Lending Club Financials and Metrics

Lending Club Revenue

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

Revenue (Q1, 2020)

120.2m

Net income (Q1, 2020)

(48.1m)

Market capitalization (29-May-2020)

373.8m

Closing stock price (29-May-2020)

5.4

Cash (31-Mar-2020)

294.3m

EV

188.9m
Lending Club's current market capitalization is $373.8 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, 2020

Revenue

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

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, 2020

Cash

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

Accounts Receivable

354.1k360.8k519.8k

Prepaid Expenses

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

PP&E

327.7k376.7k398.2k3.0m5.0m8.4m15.0m19.4m23.7m31.3m39.1m47.1m64.2m75.1m82.6m92.3m97.9m100.7m107.2m110.9m110.5m118.2m119.6m117.2m116.0m
USDY, 2020

EV/CFO

-0.9 x

Financial Leverage

3.5 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

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 Online and Social Media Presence

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Lending Club Company Culture

  • Overall Culture

    C-

    65/100

  • CEO Rating

    D-

    60/100

  • Compensation

    C+

    71/100

  • Diversity

    C-

    64/100

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Lending Club Blogs

How to Stop Living Paycheck to Paycheck and Save Money

The struggle to stay afloat financially is real. According to a report by employment website CareerBuilder, more than three-quarters… The post How to Stop Living Paycheck to Paycheck and Save Money appeared first on LendingClub Blog.

2019 Trends in Women and Small Business

LendingClub’s second survey of more than 2,700 small business owners with our partner, Guidant Financial, reveals how female entrepreneurs… The post 2019 Trends in Women and Small Business appeared first on LendingClub Blog.

Q4 2018 LendingClub Platform Update

To maintain equilibrium in the LendingClub marketplace, periodic adjustments are made, taking into account investor feedback, marketplace demand, loan… The post Q4 2018 LendingClub Platform Update appeared first on LendingClub Blog.

2019 Trends in African-Americans and Small Business

LendingClub teamed up with Guidant Financial to survey more than 2,700 current and aspiring business owners for our second… The post 2019 Trends in African-Americans and Small Business appeared first on LendingClub Blog.

What is a Money Date? Practicing Financial Love

Is your partner practicing financial infidelity? Certainly not a sexy topic for lovebirds on a romantic night out. But… The post What is a Money Date? Practicing Financial Love appeared first on LendingClub Blog.

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.
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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 SoFi, Avant and ApplePie Capital.

  • 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 an office in San Francisco.

  • How many offices does Lending Club have?

    Lending Club has 1 office.