ADDED
As of January 30, 2026, there were 115,180,598 shares of the registrant s common stock outstanding.
Business A Digital Bank for the Motivated Middle LendingClub operates a leading nationally chartered digital bank focused on serving a large and underserved segment of creditworthy U.S.
These consumers are digitally capable, value-conscious, and make frequent use of credit to achieve intentional financial goals; however, they are often poorly served by traditional financial institutions due to structural inefficiencies and limited transparency.
Our branchless, mobile-first platform enables members to apply for and manage lending and banking products digitally, delivering competitive pricing and a streamlined experience.
We focus on high-demand areas of lending where inefficiencies persist, including personal loans, auto refinance, and point-of-sale financing for major purchases.
Our competitive differentiation is grounded in four core advantages: (i) an underwriting platform built on nearly two decades of proprietary data and machine-learning models; (ii) products designed to provide meaningful value to our members; (iii) digital experiences that enhance transparency and drive engagement, loyalty, and operating efficiency; and (iv) a technology stack engineered for innovation and scalability.
Our advanced decisioning, pricing, and risk management capabilities are enabled by an extensive and diverse dataset spanning borrower behavior, credit performance, and economic cycles.
We leverage our data advantage, lower-cost deposit base, and complementary marketplace platform and bank balance sheet to optimize loan sales and retention, generating both recurring net interest income and capital-light fee revenue while maintaining attractive returns through economic cycles.
Our lending products typically serve as the entry point to our ecosystem, with members often returning for additional borrowing needs as their financial needs evolve.
We supplement these lending interactions with ongoing engagement through our mobile application and award-winning banking products, including checking and savings accounts and digital tools that provide members with insights into their debt, spending, and savings behavior.
REMOVED
As of January 31, 2025, there were 113,383,917 shares of the registrant s common stock outstanding.
Business Introduction LendingClub is a digital-first company focused on building lifetime lending relationships with our members.
We execute against a core strategy of acquiring new members with our award-winning personal loan product, then engaging and retaining them with other innovative lending, deposit and debt management products.
Founded in 2006, LendingClub operates a leading, nationally chartered, digital marketplace that leverages data and technology to increase access to credit, lower borrowing costs, and improve returns on savings.
We offer a suite of deposit and loan products through a smart, simple and rewarding digital experience.
We retain a portion of the loans we originate and sell the remainder to marketplace investors including banks, credit unions, asset managers, and private credit funds.
Since our founding, more than 5 million individuals have become members and we have facilitated more than $95 billion of loans.
Our loan origination and deposit gathering model Our sales and marketing efforts are designed to efficiently attract and retain members, build brand awareness, and support member satisfaction.
We attract and retain members directly through our website and mobile app, using channels such as, online affiliate partners, direct mail, paid search engines, online display advertising, email, social media, and strategic relationship referrals.
When our members need another loan or deposit product, many return to LendingClub at very low acquisition cost to us which increases the lifetime value of these repeat members while providing them additional opportunities to improve their financial position.