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Company

Lending Club Corp Products   
440 N Wolfe Rd
Sunnyvale,  CA  94085
United States
Telephone: (408) 524-1540
Fax: (408) 524-1527
URL: http://www.lendingclub.com
Email: info@lendingclub.com

Lending Club Corporation, based in Sunnyvale, California, is a privately held company that operates an online, person-to-person consumer borrowing and lending community. The firm's platform allows participants to bypass banks and find better loan rates. The proprietary LendingMatch (TM) technology connects lenders with borrowers. Borrowers and lenders are identified only by screen names. The company authenticates all users. Credit scoring systems rate borrower risk. Borrowers must have a minimum FICO score of 640. Lenders can offer better rates to trusted borrowers. An automated clearing house (ACH) system transfers funds. Lending Club manages loan repayment, reporting, and 1099 tax form submission processes. Borrowers and lenders pay processing fees to the company. Lending Club investors include Norwest Venture Partners and Canaan Partners. The firm was launched by Renaud Laplanche, who previously funded TripleHop Technologies.

Org. Type: Corporation Equity Type: Private
Company Status: Active

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