Lending Club Blog

We’ve acquired a company!

Today we’re excited to share the news that we have acquired Springstone Financial, a company founded in 2007 by Mike Gilroy, Mike Donovan and Jim Donovan.  The company has over 50 team members, who all joined Lending Club this morning and make for a great addition to our growing team of 500+. We are extending a warm welcome to our new fellow Lending Club team members!

Springstone offers affordable financing options for consumers looking to finance private education and elective medical procedures through a network of over 14,000 schools and healthcare providers. This product fits well within our quest to become more useful to more people, and be helpful to our customers in many occasions throughout their lives.

Springstone offers the kind of products we like: responsible, affordable and transparent, and fundamentally good for their customers. We believe we can make this offering even stronger and make it available to more people.

Springstone operates two primary websites: www.springstoneplan.com and www.yourtuitionsolution.com. You should take a look.

You can read more about this transaction in our press release.

As always let us know what you think!

Best, Renaud


Thursday, April 17th, 2014 at 6:49 am

Comments (1)

  1. Plasticman:

    Our Skipper just made another Brilliant Move by acquiring this company which has already
    established itself in Education and Medical Lending.
    I as an over 5 year Lender-member with an ever increasing number of $25 loans am worried about the Big Bailed Out Banks sponsoring Anti-Crowdfunding Bills in the U.S. House and Senate which have named both Lendingclub and Prosper in those bills.
    My suggestion is to Help the Boy Scouts who are desperately in need of Funding with NO COOKIES To SELL! like the Girl Scouts do! United Way hasn’t funded them for over 12 years!
    The Boy Scouts only ask for $160 annual donations
    Scouting involves 2 Parent involvement in the training to produce honest,trustworthy,and solidly self reliant Citizens of tomorrow These Parents are Voters who will not want the Boy Scouts’ new Major Contributor – Lendingclub whose lender members annually transfer just 5 borrower member loans to the Prime Lending Club accounts to be created instantly at each of the 278 local Councils throughout the U.S.A. to be Put OUT Of EXISTENCE by any Anti crowd-funding Bill!
    What Member of Congress or Senator Will be able to stand up to the Wrath of all those involved-VOTING Parents!
    Lender-members will have an Income Tax deduction, and their $160 in existing Loans donations will go only to their Local Boy Scout Council dictated by the Lender-members’ Zip Codes. Q.E.D.Plasticman

    April 24th, 2014 at 6:26 am


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