What is LendingClub?

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)

LendingClub User Count

How many people use LendingClub?

3.8 million members

Last updated 11/23/21

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Number of daily users:

40,000

Last updated 6/21/19

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Additional LendingClub Statistics

Amount of money facilitated in loans:

$50 billion

Last updated 6/21/19

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Number of providers in the network:

10,000

Last updated 1/27/17

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Amount LendingClub reportedly paid for Redius Bank:

$185 million

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Recent LendingClub News

• LendingClub Schedules Fourth Quarter and Full Year 2021 Earnings Release and Conference Call, 01/12/2022

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Please note that some of these numbers are easier to find than others. A few of these LendingClub statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.

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