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Company Description (as filed with the SEC)
Transforming the banking system to make credit more affordable and investing more rewarding. Overview Lending Club is the world's largest online marketplace connecting borrowers and investors. We believe a technology-powered marketplace is a more efficient mechanism to allocate capital between borrowers and investors than the traditional banking system. Our marketplace substantially reduces the need for physical infrastructure and improves convenience and automation, which increases efficiency, reduces manual processes, and improves the overall borrower and investor experience. Qualified consumers and small business owners borrow through Lending Club to lower the cost of their credit and enjoy a better experience than traditional bank lending. We believe the range of loan products we facilitate are simple, fair and responsible credit products that make it easier for consumers to budget for monthly repayment and meet their financial goals. ... More ...
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|Annual EPS Est:||$0.01|
|Quarterly EPS Est:||-0.09|