# LendingClub Corporation

LendingClub Corporation is an Asset Manager based in San Francisco, US.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, US
- **Region:** Asia
- **Address:** San Francisco, CA, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** lendingclub.com
- **LinkedIn:** https://www.linkedin.com/company/lending-club

## Regulatory record

- **Reports private funds:** No

## About

We’re rewriting the rules of traditional banking, and we only win when our customers succeed. Personal loans up to $60,000, savings, CDs and more. Check your rate online in minutes without impacting your credit score.

## Sectors

- Consumer Lending
- FinTech
- Digital Banking

## Questions

### How does LendingClub make money?

LendingClub earns transaction fees from borrowers (origination fees) and from investors (service fees). It also generates net interest income from loans it holds on its balance sheet and, since acquiring Radius Bank, from deposit products.

### Is LendingClub a bank?

Yes. In January 2021, LendingClub completed its acquisition of Radius Bank, a nationally chartered bank, and now operates as LendingClub Bank, N.A. This gives it a bank charter and the ability to accept deposits, offer checking and savings accounts, and issue FDIC-insured CDs.

### What types of loans does LendingClub offer?

The firm primarily offers unsecured personal loans (up to $60,000) for debt consolidation, credit card paydown, and other personal expenses. It also offers auto loan refinancing and, through its bank, provides consumer deposit products including checking, savings, and CDs.

### Who invests in LendingClub loans?

Institutional investors — including banks, asset managers, hedge funds, and insurance companies — purchase loan notes through the LendingClub marketplace. Individual investors can also participate through the firm's retail platform, though institutional capital accounts for the majority of funding.

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Last updated: 2026-06-03T20:00:00.000Z

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