Lending Club: The Kind of Growth Banks Wish For (Video)

August 13, 2015 @ 4:26 pm By JD Alois

Last week Lending Club, the largest marketplace lending platform in the US, released its quarterly financial results. The numbers beat the street. But even more important is the fact the direct lending platform is growing. If you compare their growth to somnolent banks the comparison is even more dramatic.

CEO and founder Renaud Laplanche made the rounds after the results were released. Here he is on CNBC telling the world how they are really a tech platform. Something exemplified by their recent release of a site API. How often do banks do that?

Laplanche says they are more in line with tech companies and they continue to raise their guidance.

It is clear direct lenders are here to stay. How about the banks?

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 25, 2026 vs Jan 1, 2025 - Oct 25, 2025

Number of Filings131Prior 126 +4.0%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	126	+4.0%
Target raise	$3.40B	$3.54B	-3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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