Lending Club is proud of the recent successes we've had as a financial community with our investors and borrowers, and we've been fortunate to have been featured in many well-established, recognized publications in the past few months. From hitting $400 million in loan originations, to airing our very first TV commercial, we're looking forward to wrapping up 2011 with a bang (and maybe with some more record-breaking news, too!)
Here's a look back at some of our most recent video highlights:
Fox Business – Oct. 7, 2011
"A Loan That Works for Borrowers and Investors"
Renaud LaPlanche, Lending Club founder and CEO, on his business model and why it is beneficial for borrowers and investors alike.
Wall Street Journal – September 23, 2011
"Opinion: Taking On the Banking Giants"
Renaud LePlanche on the LendingClub's peer-to-peer loan machine.
World Economic Forum Award
"Technology Pioneer 2012 - Renaud Laplanche (Lending Club)"
CEO Renaud Laplanche explains how Lending Club has help to drive innovation in the U.S.'s financial sector.
We’re proud to announce that this week Lending Club passed $400 million in total loan originations, less than four months after reaching $300 million. It’s hard to visualize such a large number, and we’ve had some fun kicking around ways to understand just how much money $400 million is—for example, it could buy 100 million gallons of gas (enough to drive from San Francisco to New York 1 million times!), 200 million Slurpees, or maybe 250 Lamborghini Reventons.
But in all seriousness, reaching $400 million is a big milestone for us, and an exciting way to move into the final months of what has been a tremendous year for Lending Club. Here are some of the highlights of the last few months:
We expanded the LC Advisors team with the additions of Brad Pattelli, a former Angelo Gordon partner, and Jeff McCarthy, formerly of Jefferies & Company.
Throughout 2011, loan originations have been growing by more than 150 percent year-over-year, and we’ve seen average month-over-month growth of 10 percent.
We’ve now paid investors $33,718,754 in interest as of November 2, 2011. Thanks for being a part of Lending Club. We’re thrilled to be joining with you to change the way the world thinks about borrowing and investing, and we can’t wait to celebrate the half-billion mark with you soon!