Now that the dust has settled on fintech’s biggest startup IPO ever, FT Partners has put together an extensive profile of Lending Club. Lending Club’s IPO last year was one of the major events that helped put fintech in the headlines of not just technology news, but business news, as well. And FT Partners’ report so far serves as the definitive document on just how the alternative lender did it and gives clues to what comes next.
The data-rich, 60-page document focuses mostly on Lending Club, though small business lender, OnDeck, is also covered. The review of Lending Club before, during, and after its public offering includes industry reaction as well as summaries of analyst coverage.
Key milestones in the rise of Lending Club are shown graphically, from its launch in 2007, through the company’s first $25 million institutional investment five years later. An industry timeline shows Lending Club’s place in the evolution of the alternative lending market (interestingly contrasted with a graph of the U.S. 10-year Treasury yield).
The report discusses Lending Club’s competitive strengths, opportunities for growth, and includes seven pages of loan statistics and another nine pages of financial analysis focusing on revenue and revenue comparisons.
Perhaps my favorite part is the 16-page section “Selected Alternative Lending Transactions.” Looking at the variety of financing, M&A, and other transactions in both the consumer and small business markets provides a robust sense of the history and diversity of the alternative lending space.
The full report is available here.
Financial Technology Partners is an investment banking firm dedicated to the financial technology sector. The company was founded by Steve McLaughlin and is headquartered in San Francisco, California.