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Company:
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LENDINGCLUB CORP (LC)
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Form Type:
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424B3
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Filing Date:
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8/3/2020
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CIK:
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0001409970
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Address:
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595 MARKET STREET
SUITE 200
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City, State, Zip:
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SAN FRANCISCO, California 94105
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Telephone:
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415-632-5600
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$10.66
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Change:
-0.59 (-5.24%)
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Trade Time:
Jan 15
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Market Cap:
$833.96M
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Description of Business
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LendingClub was incorporated in Delaware on October 2, 2006, and is currently
the largest provider of unsecured personal loans in the US. We operate America's
largest online lending marketplace platform that connects borrowers and
investors. LendingClub provides tools that help Americans save money on their
path to financial health through lower borrowing costs and a seamless,
technology-driven user experience. Investors provide capital to enable the
funding of loans in exchange for earning competitive risk adjusted returns. Our
marketplace enables efficient credit decisioning, pricing, servicing and support
operations. We operate fully online with no traditional branch infrastructure.
Our vision is to expand our marketplace model and support it with a bank
charter, which we believe will be both strategically and financially accretive
to the Company.
On February 18, 2020, the Company and Radius Bancorp, Inc.
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