“The milestone comes less than four months after Lending Club reached $300 million in total loan originations in July. A record $27.5 million in personal loan originations in October contributed to the milestone. Lending Club loan originations are growing by more than 150 percent year-over-year, and the platform has now paid investors more than $33 million in interest.”
Lending Club Reaches $400 Million in Loan Originations
Yesterday morning, Lending Club announced its achievement of reaching the $400 million mark in loan originations:
To learn more about Lending Club, watch its demo from FinovateStartup 2009.