Lending Club

 

Lending Club Blog

Posted by Renaud Laplanche :: November 14, 2008 @ 4:18 pm

Four weeks after completing our federal registration with the SEC, we are ecstatic to announce that the wonderfully creative and sunny state of California has decided to promote financial innovation at the time the country and the state need it the most, and cleared our securities filing this morning. As residents of the state dubbed in its early history as “Cornucopia of the World”, Californians can now invest in loans made to Lending Club members.

Since California hosts more than 25% of our lender members, we thought we’d edit our orange map to make that clear:

state-approvals-as-of-2008-11-14

More from our feed soon…

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Borrowers hurt by the credit squeeze and investors looking to boost their returns are increasingly turning to the same place: peer-to-peer lending.

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