What is LendingClub?
Marketplace bank and consumer lending company with $864.6M 2025 revenue net of interest expense and digital marketplace bank for personal loans, deposits, marketplace loan sales, and consumer financial health products.
- Category
- Marketplace bank and consumer lending
- Headquarters
- San Francisco, CA
- Founded
- 2006
- Employees
- Approximately 1,000
- Total funding
- Public company; no active VC funding profile
- Status
- NYSE: LC; public company
What is LendingClub?
LendingClub is a marketplace bank and consumer lending company headquartered in San Francisco, CA. Its latest public scale signal is $864.6M 2025 revenue net of interest expense.
LendingClub operates in marketplace bank and consumer lending and serves borrowers, depositors, investors, bank customers, and marketplace loan buyers. As of June 2026, the most durable scale signal is $864.6M 2025 revenue net of interest expense, with Approximately 1,000 and a platform spanning Personal loans, Marketplace bank, High-yield savings, Certificates of deposit, Auto refinance. The company should be evaluated through public filings, investor relations material, and official leadership pages rather than private-market funding databases.
The operating footprint combines local market execution with centralized technology, data, finance, compliance, and procurement functions. For vendors, the strongest buying motion maps to business units that own measurable outcomes: revenue conversion, transaction throughput, servicing quality, risk, data quality, customer acquisition cost, or operating expense.
Because LendingClub is a public company, seller research should focus on disclosed segment performance, leadership changes, acquisition history, office footprint, and the systems behind regulated or transaction-heavy workflows. digital marketplace bank for personal loans, deposits, marketplace loan sales, and consumer financial health products gives the account enough complexity for enterprise selling, but buying cases still need a direct line to reported operating metrics.
What does LendingClub offer?
LendingClub offers Personal loans, Marketplace bank, High-yield savings, Certificates of deposit, Auto refinance, Patient solutions and related services for borrowers, depositors, investors, bank customers, and marketplace loan buyers.
- Personal loans· Offering
- Marketplace bank· Offering
- High-yield savings· Offering
- Certificates of deposit· Offering
- Auto refinance· Offering
- Patient solutions· Offering
- Structured certificates· Offering
- Loan marketplace· Offering
How does LendingClub make money?
LendingClub earns net interest income, origination fees, loan sale gains, servicing revenue, interchange and deposit economics, and marketplace investor revenue.
LendingClub earns net interest income, origination fees, loan sale gains, servicing revenue, interchange and deposit economics, and marketplace investor revenue. The most important unit economics are not generic subscription seats; they are the reported revenue, margin, transaction, credit, servicing, premium, fee, or portfolio metrics tied to the company's segment disclosures.
Borrower APRs and origination fees depend on credit and term; deposit pricing varies by market; investor economics depend on loan sale spreads and marketplace demand. Growth is driven by a mix of demand generation, pricing discipline, conversion, retention, risk management, lower fulfillment cost, better data, and channel productivity. In the current rate and housing environment, operating leverage and balance-sheet discipline matter alongside top-line growth.
For B2B sellers, budget opens fastest where the product improves a metric management already reports or discusses with investors. Strong cases quantify faster close cycles, better lead conversion, lower servicing cost, higher agent or borrower productivity, reduced compliance risk, improved data quality, or more resilient infrastructure.
Who leads LendingClub?
LendingClub is led by Scott Sanborn, Chief Executive Officer, with finance, operations, technology, and business-unit leaders shaping major buying decisions.
- Scott SanbornChief Executive OfficerCEO since 2016Leads the digital marketplace bank strategy.
- Drew LaBenneChief Financial OfficerCFOLeads accounting, finance, treasury, marketplace, and investor relations.
- Jordan ChengChief Administrative OfficerExecutive leadershipLeads operations and corporate administration.
- Mark ElliotChief Customer OfficerExecutive leadershipLeads customer experience and member growth.
How do you contact LendingClub's leadership?
LendingClub publishes company-level investor, media, or corporate contact routes, but the reviewed sources do not establish personal executive emails as the official way to reach leaders. Use the public contact route listed here and treat any inferred personal address as unverified unless the company publishes it.
ir@lendingclub.com; personal executive email format not verifiedHow much funding has LendingClub raised?
LendingClub is best understood through public-company capital markets, not an active venture funding profile.
LendingClub is a public company, so the relevant capital profile is public equity, operating cash flow, debt, acquisitions, share repurchases, dividends where applicable, and strategic transactions rather than seed or Series A through Series D rounds. The major capital events are: 2006 Founded (LendingClub begins as a peer-to-peer lending marketplace.); 2014 IPO (LendingClub lists publicly.); 2021 Radius Bank acquisition (Company completes bank acquisition and gains a bank charter.); 2025 $864.6M revenue net of interest expense (Annual revenue measure reported in the 2025 Form 10-K.); 2026 Happen Bank rebrand planned (Management advances a bank-brand transition while scaling new loan categories.).
The latest durable capital signal is 2026 Happen Bank rebrand planned: Management advances a bank-brand transition while scaling new loan categories.. Daily market capitalization changes, so this profile uses status, filing data, revenue scale, and announced strategic transactions as the more stable view.
For sellers, the funding implication is mature buying capacity with mature controls. Expect procurement, security, legal, compliance, finance, and business-unit review, and anchor the case to revenue growth, risk reduction, transaction conversion, servicing efficiency, claims or credit quality, or operating-cost savings.
How did LendingClub get here?
LendingClub's history is defined by founding, public-market or strategic capital events, product expansion, and current operating scale.
- 2006FoundedPeer-to-peer lending marketplace launches.
- 2014NYSE listingLendingClub becomes public.
- 2021Bank charterRadius Bank acquisition closes.
- 2022Credit cycle resetMarketplace funding and credit mix are managed through rate volatility.
- 2025Record earnings progressMarketplace bank model matures.
- 2026Happen Bank strategyCompany prepares a new bank brand and home-improvement lending expansion.
Who are LendingClub's competitors?
LendingClub competes with public and private companies that target similar customers, workflows, or transaction economics.
LendingClub — frequently asked questions
