Lending Club Garners $865,500,000 New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf8ef7e6-29db-4ee2-9fb1-a77e83b6fc7a - Date
12/11/2014 - Company Name
Lending Club - Mailing Address
71 Stevenson San Francisco, CA 94105 USA - Company Description
Lending Club (NYSE: LC) 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
IPO - Transaction Amount
$865,500,000 - Transaction Round
Undisclosed - Proceeds Purposes
Proceeds purposes are on file with company statements at the SEC. - M&A Terms
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Well, I have heard many good feedbacks about Lending Club. This company operates already for many years and provides affordable personal loans. Actually I think that if you’re looking for borrowing money option it’s better to apply to alternative lenders than to traditional banks. Such communities really take care of their consumers and try to offer them very good conditions. Quite often they offer lower interest rates on loans than some banks do. Also Lending Club often cooperates with other companies to support, for example, women in business or people starting own business.