P2P Finance

Founded in 2006, LendingClub was a pioneer in the peer-to-peer lending industry in the United States, creating a platform where individuals could invest in personal loans issued to other individuals. After its IPO in 2014, the company evolved its business model significantly. In 2021, LendingClub completed its acquisition of Radius Bank, becoming the first US fintech to acquire a national bank. This transformation allows it to hold loans on its own balance sheet and offer a broader suite of banking products, including checking and savings accounts, positioning itself as a full-service digital marketplace bank focused on helping its members achieve financial wellness.