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Last week, Patrick Gannon, SVP Investor Services, and I had the great pleasure of unveiling Lending Club’s new Statistics page.   During the presentation we covered topics such as returns by loan grade, returns by amount invested, and defaults by loan type.  After the presentation we opened the floor to questions.

If you missed the webinar check out the replay here >>.

Lending Club’s new statistics page let’s you slice and dice data like never before. You can analyze returns by credit grade, loan amount and purpose across various time periods. For all you datum fans – you can download historical data on declined loans, loans in funding, as well as issued loans.  Lending Club notes are offered by prospectus  filed with the SEC.

Cheers to data!
Sam

We are delighted to present a new statistics section now available here with fascinating data on our financial community, investment performance and loan details.

Personally, I am excited to see data that confirms the high performance and responsible behavior of our community, in sharp contrast with the traditional banking sector:

• Our borrowers are very creditworthy, with a 724 average FICO® score
• Our investor community enjoys a solid 9.66% average net annualized return after fees and defaults
• 88.5% of our investors earn returns of 6% or more
• The best performing credit grades are E and D loans, with 10.88% and 9.93% net annualized returns respectively
• Lending Club has kept defaults to a low 3.16% annualized default rate since inception

Another number that I get particularly excited about is that Lending Club has paid more than $4.1mm in interest to our investors to date!  Notes are offered by prospectus.

Want to hear more stats?  Please join Patrick Gannon, Senior Vice President of Investor Services, and Sam Kasle, Director of Investor Marketing, for the unveiling of Lending Club's new Statistics section Thursday at 4:00pm PDT (7:00 PM PDT).

The webcast will cover topics such as returns by loan grade, returns by amount invested, and defaults by loan type.  After the presentation there will be ample time for an in depth Q&A.

Unveiling the New Statistics Section >>>
Register now for this webcast on
Thursday, October 22th, 2009
4:00 pm PDT (7:00 pm EDT)

Space is limited to 150 attendees, so reserve your spot now.

Enjoy!

Rob
@RobGarciaSJ

Yesterday morning our CEO, Renaud Laplanche, appeared on Fox Business News and discussed how Lending Club is leading the charge in a rapidly growing peer-to-peer lending space.

Check out Renaud on Fox Business News >>

We all know peer-to-peer lending is a fast growing alternative for those looking for a personal loan. Lending Club offers an easy, confidential and secure way of getting a loan without involving your bank.

On the investors side, Lending Club notes average 9.66% net annualized returns. Lending Club notes are offered by prospectus filed with the SEC.

My favorite part of the interview was when Renaud points out that Lending Club is not an option for those with weak credit histories, but instead, Lending Club is an alternative for creditworthy borrowers. That is, smart borrowers looking to get rates that are often lower than those offered by banks or credit card companies.

Enjoy the interview!

Rob

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At Lending Club, we are ecstatic about the possibilities of participating in the upcoming South by Southwest Interactive 2010 conference in Austin (SXSW).

We are planning to host 2 power-packed sessions and ask for your vote via the crowdsourced 2010 SXSW PanelPicker to ensure these 2 fantastic panels make it to the final program:

Session 1: Banking 2.0: Financial Services Driven by People & Emerging Technologies

We’ll be talking about the many changes in the Banking industry brought by the emergence of people and technology-driven financial products: personal finance management, p2p lending, microfinance, credit score tracking, stock picking communities, mobile banking, and more.

We have assembled an all-star team so far (all confirmed):

Aaron Patzer, CEO of Mint.com
Arkadi Kuhlman, CEO of INGDirect
Ken Lin, CEO of CreditKarma
Marc Hedlud, Co-founder of Wesabe
Mike Ferrari, Co-founder of SmartyPig
And yours truly, Rob Garcia, Director of Product Strategy at Lending Club

We have also contacted our friends at USAA, WeSeed, Billeo, Obopay, Zecco and Geezeo to join us. With so many great names, we may need to do more than 1 session!

Session 2: The rise of P2P Lending & Microlending in the US

In this panel, we’ll discuss how P2P Lending and Microfinance are becoming the smart and obvious choices to finance and invest in fellow Americans. We have extended invitations to Kiva, Microplace, ACCION USA and several other organizations that will make this panel a must-see.

Voting ends this Friday, September 4 at 11:59 CST. Thanks in advance for your support. Vote, vote, vote!

@RobGarciaSJ

Yesterday over 300 investors took part in our first ever “Beat the Average” webinar. Scott Langmack, the webinar’s guest star, has invested over half of million dollars and his entire IRA into Lending Club. Scott’s Lending Club notes are averaging over 12.5% returns since 2008. Lending Club notes are offered by prospectus filed with the SEC.

During the presentation and Q&A session Scott shares his research, insight, as well as his “4 Keys to Maximizing Returns.”

View Replay

For more information on Scott Langmack please visit

www.peerlendingwealth.com

Enjoy,
Sam