6 Interesting LendingClub Stats and Facts (January 2017)
What is LendingClub?
LendingClub is a peer-to-peer money-lending service
We are the world’s largest online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures. 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 everyday. (source)
Here are a few of the most interesting LendingClub statistics I was able to dig up. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.
Number of providers in the LendingClub network:
Last updated 1/27/17
LendingClub Q3 2016 Revenue:
LendingClub Q2 2016 Revenue:
LendingClub Q3 2016 loan originations:
LendingClub Q2 2016 loan originations:
Please note that some of these numbers are easier to find than others. A few of these stats come from the company’s own reports, but some are based on news reports and not official company tallies. Basically, this is the best I can find and I don’t guarantee anything to be 100% accurate.