LendingClub

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Scott Sanborn's photo - President & CEO of LendingClub

President & CEO

Scott Sanborn

CEO Approval Rating

61/100

Founded:

2006

Status:

PublicIndependent CompanyNYSELC

LENDINGCLUB TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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SoFi is one of LendingClub's top competitors. SoFi is a Private company that was founded in San Francisco, California in 2011. SoFi is in the Fintech field. SoFi has 280 fewer employees vs. LendingClub.

Prosper is perceived as one of LendingClub's biggest rivals. Prosper was founded in 2005 in San Francisco, California. Prosper competes in the Fintech industry. Prosper generates $198.8M less revenue than LendingClub.

Upstart is a top competitor of LendingClub. Upstart's headquarters is in San Carlos, California, and was founded in 2012. Upstart competes in the Fintech field. Upstart generates 101% of LendingClub's revenue.

LendingClub Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$289.4M

LendingClub's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 313.8M. Over the last four quarters, LendingClub's revenue has grown by 141.3%. Specifically, in Q1 2021's revenue was $105.8M; in Q4 2020, it was $64.9M; in Q3 2020, it was $74.7M; in Q2 2020, LendingClub's revenue was $43.9M.

LendingClub Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Radius Bank

Feb 2020

Source »
$185M
Radius Bank provides loans, credit cards, overdraft protection and cash management for individuals and businesses.

-

Radius Bancorp

Feb 2020

Source »
undisclosed
-

LendingClub Funding History

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Dec 2014
$865.5M
-
Debt
Apr 2014
$50M
Equity
Apr 2014
$65M
Equity
Apr 2013
$125M
Equity
May 2012
$17.5M

LendingClub Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

EVEN develops an API for financial research, acquisition and monetization applications.
$25M
Sep 03, 2019
Equity
-

LendingClub News

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Social Media

LendingClub Headquarters

595 Market Street Suite 200

San Francisco, California94105

888-596-3157

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LendingClub Summary

ABOUT

Overview

Lending Club (NYSE: LC) is an online financial community that connects lenders with borrowers for transaction of loans. Founded in 2006 and headquartered in New York with 843 employees, it is the world's largest online credit marketplace, facilitating...

CEO

LendingClub's President & CEO, Scott Sanborn, currently has an approval rating of 61%. LendingClub's primary competitors are SoFi, Prosper & Upstart.

Frequently Asked Questions about LendingClub

  1. When was LendingClub founded?

    LendingClub was founded in 2006
  2. Who is LendingClub's CEO?

    LendingClub's CEO is Scott Sanborn
  3. How much revenue does LendingClub generate?

    LendingClub generates $289.4M in revenue
  4. How much funding does LendingClub have?

    LendingClub has historically raised $1.2B in funding
  5. Where is LendingClub's headquarters?

    LendingClub's headquarters is in San Francisco California, USA
  1. How many employees does LendingClub have?

    LendingClub has 1,768 employees
  2. What sector does LendingClub operate in?

    LendingClub is in Fintech
  3. Who are LendingClub's competitors?

    LendingClub's top competitors are SoFi, Prosper, Upstart
  4. Who has LendingClub invested in?

    LendingClub's has invested in companies such as EVEN