Lending Club, the world lending peer lending network, is the one of the fast growing company at Silicon Valley, California. Over the past three years, Lending Club’s average annual return has outperformed the S&P 500 and the Nasdaq as well as other benchmarks such as Morningstar’s Corporate Bond Fund, Schwab’s 2040 Retirement Fund and Fidelity’s Magellan Fund.
Lending Club is an online financial community that brings together creditworthy borrowers and savvy investors so that both can benefit financially. Lending Club replace the high cost and complexity of bank lending with a faster, smarter way to borrow and invest. There are approximately 2.1 Million people visited Lending Club site and 240000 registered users. . Lending Club was the first peer-to-peer lender to register its offerings as securities with the SEC (Securities and Exchange Commission) and completing its SEC registration.
Lending Club is managed by a savvy team, its co-founder Renaud Laplanche has a successful track record of building companies, his last company Triple Hub was acquired by Oracle Corporation. The technology team is headed by Soul Htite, with over 15 year of experience of which 11 years is with Oracle Corporation building the database server products and large enterprise systems. The technical team is composed of many talents from well recognized universities (MIT, Harvard, Stanford and Berkeley). The chief architect of lending club Visar Nimani holds multiple patents with Oracle corporation for his distinguished work in the database server industry.
For more details about the company and the team, please refer to http://www.lendingclub.com/public/company-leadership.action#htite
