Company profile

Future of LendingClub

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| Quantumrun Global 1000

ounded in 2006 and headquartered in San Francisco, Calif., is an American peer-to-peer lending company that was the first lender of its kind to register its offering as securities with the Securities and Exchange Commission (SEC). Since it’s founding, the company has grown significantly, eventually becoming the world’s largest peer-to-peer lending platform. It has also won numerous awards and has been recognized by its peers as an innovative and promising company.

Home Country:
Sector:
Industry:
Personal Finance, Software
Website:
Founded:
2006
Global employee count:
1530
Domestic employee count:
Number of domestic locations:
2

Financial Health

Revenue:
$500812000 USD
3y average revenue:
$380627667 USD
Operating expenses:
$651009000 USD
3y average expenses:
$441915333 USD
Funds in reserve:
$515602000 USD

Asset Performance

  1. Product/Service/Dept. name
    Transaction fees
    Product/Service revenue
    423494000
  2. Product/Service/Dept. name
    Servicing fees
    Product/Service revenue
    68009000
  3. Product/Service/Dept. name
    Management fees
    Product/Service revenue
    11638000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

Company Headlines