Lending Club

Lending Club is the world’s largest online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures and K-12 education and tutoring. Borrowers access lower interest rate loans through a fast and easy online or mobile interface. Investors provide the capital to enable many of the loans in exchange for earning interest.

We operate fully online with no branch infrastructure, and use technology to lower cost and deliver an amazing experience. We pass the cost savings to borrowers in the form of lower rates and investors in the form of attractive returns. We’re transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals every day.

Company Growth (employees)
Type
Public
HQ
San Francisco, US
Founded
2007
Size (employees)
1,530 (est)+11%
Lending Club was founded in 2007 and is headquartered in San Francisco, US

Key People at Lending Club

Scott Sanborn

Scott Sanborn

President and CEO
Tom Casey

Tom Casey

Chief Financial Officer
Angela Loeffler

Angela Loeffler

Chief People Officer
Tim Bogan

Tim Bogan

Chief Risk Officer
Patrick Dunne

Patrick Dunne

Chief Capital Officer
Sandeep Bhandari

Sandeep Bhandari

Chief Credit Officer
Sameer Gulati

Sameer Gulati

Chief Operations Officer

Lending Club Office Locations

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

Lending Club Data and Metrics

Lending Club Financial Metrics

Lending Club's revenue was reported to be $500.8 m in FY, 2016 which is a 16% increase from the previous period.
$, USD

Revenue (FY, 2016)

500.8 m

Revenue growth (FY, 2015 - FY, 2016), %

16%

Gross profit (FY, 2016)

(187.6 m)

Gross profit margin (FY, 2016), %

(37%)

Net income (FY, 2016)

(146 m)

EBIT (FY, 2016)

8.3 m

Market capitalization (23-Jun-2017)

2.3 b

Closing share price (23-Jun-2017)

5.7

Cash (31-Dec-2016)

515.6 m
Lending Club's current market capitalization is $2.3 b.
$, 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)

Gross profit Margin, %

42%73%(28%)(37%)

Sales and marketing expense

37.4 m85.7 m171.5 m

R&D expense

15.5 m38.5 m77.1 m

General and administrative expense

19.8 m81.1 m122.2 m

Operating expense total

90.7 m242.6 m432.1 m651 m

EBIT

219 k219 k3.2 m8.3 m

EBIT margin, %

0%0%1%2%

Pre tax profit

(4.2 m)

Income tax expense

1.4 m2.8 m(4.2 m)

Net Income

7.3 m(32.9 m)(5 m)(146 m)
$, 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

Goodwill

72.6 m72.7 m35.6 m

Total Assets

1.9 b3.9 b5.8 b5.6 b

Accounts Payable

4.5 m5.9 m5.5 m10.9 m

Preferred Stock

103.2 m103.2 m

Additional Paid-in Capital

15 m1.1 b1.1 b1.2 b

Retained Earnings

(50.3 m)(83.2 m)(88.2 m)(234.2 m)

Total Equity

68.1 m973.2 m1 b975.8 m

Financial Leverage

28.5 x4 x5.6 x5.7 x
$, 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 Receivable

(3.2 m)(3.2 m)(14 m)(2.2 m)

Accounts Payable

330 k330 k(598 k)5.6 m

Cash From Operating Activities

(393 k)(393 k)74.7 m545 k

Purchases of PP&E

(419.2 m)(76 m)

Cash From Investing Activities

(441.1 m)(441.1 m)(2.4 b)(423 m)

Cash From Financing Activities

462.8 m462.8 m2.1 b314.5 m

Interest Paid

52.5 m52.5 m536.4 m684.8 m
$, USDY, 2016

Revenue/Employee

362.4 k

Financial Leverage

5.7 x

Lending Club Operating Metrics

Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q4, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016

Total Loans Issued

$3.24 b$4.03 b$5.04 b$6.21 b$7.62 b$9.26 b$11.17 b$13.4 b$15.98 b$18.73 b$20.69 b$22.66 b

Total Loans Issued, units

240.32 k296.88 k379.06 k477.33 k595.13 k726.47 k883.51 k1.06 m1.28 m1.5 m1.66 m1.84 m

Lending Club Market Value History

Lending Club Job Categories

Lending Club Online and Social Media Presence

Lending Club Company Life and Culture

You may also be interested in