Is LendingClub Successful?
Lending Club is the world leader in p2p lending having issued over $9 billion dollars in loans since they began in 2007. They are growing at a rate in excess of 150% a year.
Lending Club is legit for both investors and borrowers. This Lending Club review, unlike some others, will review the service from both sides of the deal. Make sure to read about my experience below before you invest or borrow with Lending Club.
Lending Club Reviews for Investors and Borrowers - Good ...
Is LendingClub going out of business?
In October 2020, the company ceased all new loan accounts on their website as part of restructuring into a neobank after the acquisition of Radius Bank. As of December 31, 2020, Lending Club will no longer operate as a peer-to-peer lender.
LendingClub - Wikipedia
In Q3, LendingClub reported record revenue of $246.2 million, up 190% sequentially, and record net income of $27.2 million, up 190% sequentially.
Lending Club's Impressive Earnings Lure Savvy Investors - TheStreet