Lending Club Blog

Happy $400MM To Us!

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’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!

Thursday, November 3rd, 2011 at 10:12 pm

Comments (12)

  1. Amazing figures..i would say very interesting one

    November 5th, 2011 at 5:10 am

  2. Joe:

    Congratulations to the entire Lending Club Team for reaching yet
    another milestone. It seems that your business model is working out
    well for you. I have been investing with Lending Club since 2008
    and I know it has worked out well for me!

    November 5th, 2011 at 1:37 pm

  3. 33% increase in 4 months, that’s nothing to scoff at…

    November 6th, 2011 at 8:29 am

  4. Some impressive growth. Good to see active alternative lending
    programs working and growing at a better pace than the banks.

    November 8th, 2011 at 3:56 am

  5. I have been investing with Lending Club since 2008 and I know it
    has worked out well for me!

    November 15th, 2011 at 12:05 pm

  6. Congratulations, those are some very impressive numbers.

    November 21st, 2011 at 5:31 pm

  7. Dave@Android Tips:

    Congrats! What a huge gain in 4 months…

    November 24th, 2011 at 3:45 am

  8. Lendingclub.com has hit another milestone on its way to a bllion
    bucks and beyond at an accelerating pace! Lendingclub is the only
    Cash-Flo engine that pays Principal&Interest payments 260 PAY
    DAYS per YEAR! That’s Every MON.Tues.WED.Thurs.&FRIDAY! If a
    lender-member like myself REINVESTS ALL the Principal Payments that
    means 260 PAY DAYS every year! If a lender-member also REINVESTS
    just part of his after tax INTEREST PAYMENT on his 260 PAY DAYS he
    will also CREATE 260 Mon-Friday RAISE DAYS the following year! Even
    if a MONEY MARKET FUND could be found that could EQUAL the INTEREST
    that we as lender-members get-THAT would only be 1 payment per
    month, just 12 PAY DAYS a year, NOT 260! There’s NO other CASH FLOW
    MACHINE that even comes CLOSE! Q.E.D. Plasticman

    November 25th, 2011 at 2:47 pm

  9. Congratulations on yet another year for the Lending Club for
    bringing in very good numbers! Every one on the team deserves a tap
    on back for a job well done. Looking forward to another year of
    great investing!

    December 12th, 2011 at 7:51 am

  10. WOW! Amazing figures. Congratulations! You’ve once again proven
    that you’re a force to reckon with. Keep it up!

    December 14th, 2011 at 3:44 pm

  11. Gregg:

    That kind of growth just goes to show that people are discovering
    the power of peer-to-peer lending.

    May 21st, 2012 at 3:32 pm

  12. Mason M:

    Congrats to you guys and gals, in this day and age of iliguidity
    and deflationary pressures, having that flow of funds is an
    impressive feat. Perhaps you can get on a panel and teach these
    blockheads in Washington how to manage our funds the right way,
    hehe, Congrats again.

    August 3rd, 2012 at 2:53 pm

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