Lending Club Obtains New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d2f9a775-fb45-49bd-9326-07b171d553ed&Preview=1 - Date
9/9/2011 - Company Name
Lending Club - Mailing Address
370 Convention Way Redwood City, CA 94063 - Company Description
Lending Club is an online lending community where people can borrow and lend money, bypass the banks, and get better rates. By working together, members can borrow money more easily and at a better rate than they would get from a bank, or invest in a pool of loans at higher rates than those served by savings accounts or CDs. - Website
http://www.lendingclub.com - Transaction Type
Venture Equity - Transaction Amount
Undisclosed - Transaction Round
Undisclosed - Proceeds Purposes
The investment is a part of a strategic relationship that will invest in the two highest grades of 36 month consumer loans originated through the Lending Club platform. - M&A Terms
- Venture Investor
Thomvest Ventures
