Lending Club Blog

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for September, 2011



Posted by , Sep 6

We’re thrilled to announce that Lending Club is one of 25 companies worldwide selected as a World Economic Forum 2012 Technology Pioneer!

The recognition by the World Economic Forum is a great validation of our model and our goal: to provide borrowers and investors a better alternative to the traditional lending (or bank lending) system. We are honored to be chosen alongside some of the most exciting technology companies in the world.

Beyond our excitement at our own selection, we were encouraged to see that two thirds of the companies chosen—18 out of 25, to be exact—are based in the U.S. What an optimistic statement on American innovation and the entrepreneurial spirit despite the lingering financial challenges we face as a country.

Robert Kennedy once said, “Some men look at things the way they are and ask why? I dream of things that are not and ask why not?” We’re honored to be numbered among those who are asking “why not?” Thanks for joining us as we redefine consumer credit—we look forward to innovating with you for years to come.

In accepting this award, our CEO, Renaud Laplanche, shared his thoughts about Lending Club’s place as a technology leader, and about what it means to be an innovator here:


Posted by , Sep 6

Thanks for all of the submissions we received for our Wordless Wednesday contest! We'll be quiet now and let you take in our favorite entries:

 

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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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  • Sarah
  • Newfield, NJ
  • Pay off Credit Cards
  • $15,000 loan at 9.79%APR

"As an accountant, I am very conservative about money. My daughter's credit card jumped her interest rate... I found Lending Club and got a loan to pay off her credit card."

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