Lending Club Garners $865,500,000 New Financing

  • Feed Type
  • Date
    12/11/2014
  • Company Name
    Lending Club
  • Mailing Address
    71 Stevenson San Francisco, CA 94105 USA
  • Company Description
    Lending Club (NYSE: LC) is an online lending community where people can borrow and lend money, bypass the banks, and get better rates. By working together, members can borrow money more easily and at a better rate than they would get from a bank, or invest in a pool of loans at higher rates than those served by savings accounts or CDs.
  • Website
    http://www.lendingclub.com
  • Transaction Type
    IPO
  • Transaction Amount
    $865,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes are on file with company statements at the SEC.
  • M&A Terms

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  • Jennifer Underwood

    Well, I have heard many good feedbacks about Lending Club. This company operates already for many years and provides affordable personal loans. Actually I think that if you’re looking for borrowing money option it’s better to apply to alternative lenders than to traditional banks. Such communities really take care of their consumers and try to offer them very good conditions. Quite often they offer lower interest rates on loans than some banks do. Also Lending Club often cooperates with other companies to support, for example, women in business or people starting own business.