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Lending Club  (Stock symbol: LC )

71 Stevenson, Suite 300
San Francisco, CA 94105
(866) 754-4094
Website Company Summary Management Team

Outside board: (May no longer be on the board) Patty McCord (Netflix Former VP HR) Simon Williams (Camelot Financial Capital CEO/Chairman) Susan Athey (Stanford University Professor) Michael Zeisser (Liberty Media) Timothy J. Mayopoulos (Fannie Mae CEO/President) Erin Selleck (Union Bank Treasurer) Allan Landon (University of Utah Assistant Dean)
Advisory board: Chris Thom (MasterCard Former Sr. Management);  Gary Briggs (eBay Former CMO)
Former outside board: Daniel T. Ciporin (Canaan Partners Venture Partner) Ken Denman (Sway Ventures Venture Partner) Jeffrey M. Crowe (Norwest Venture Partners) Rebecca Lynn (Morgenthaler Ventures Principal) Mary Meeker (Kleiner Perkins General Partner) Lawrence H. Summers (a16z) John Mack (Morgan Stanley President/CEO) Hans Morris (General Atlantic)
Former advisory board: Saad Khan (Presidio Partners Partner) Joe Hurd (Say Media VP) John G. Furjanic (Citibank Former Sr. Management);  Stephan Paternot ( co-CEO);  Lorien Gabel (uPing CEO);  Luc Hardy (Sagax President)

Business description: Lending Club is an online lending community where people can borrow and lend money, bypass the banks, and get better rates. By working together, members can borrow money more easily and at a better rate than they would get from a bank, or invest in a portfolio of loans at higher rates than those served by savings accounts or CDs. A proprietary technology called LendingMatch™ helps match lenders with borrowers using connections established through social networks, associations and online communities, and build diversified portfolios based on lender preferences. Borrowers complete a loan request and instantly view the interest rate at which they pre-qualify (it’s free to check, but we have very high credit standards so we do apologize if you don’t qualify). There are no hidden fees, and the interest rate is fixed for three years.

Rounds: 6
Recent Fundings: May 2013   Jun 2012
Capital raised: 225.0M
Last Round: 125.0M
Ownership: Public   Ipo Filing
Stock Symbol: LC
Angels/other VCs: Chen Tianquao (Shanda Interactive Enntertainment)
Corporate investors: Google

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Record updated: Feb 2021
Sector: Internet
Headcount: 1251-1600 as of Oct 2020
Rounds: 6
Recent Fundings: May 2013   Jun 2012
Capital Raised: 225.0M
Last Round: 125.0M
Ownership: Public   Ipo Filing
Stock Symbol: LC