We’ve acquired a company!

December 11, 2019

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


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