LendingClub Reports First Quarter 2021 Results
Sequential Revenue Growth of 40% Exceeds High End of Guidance Raising Full Year Outlook
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SAN FRANCISCO, April 28, 2021 /PRNewswire/
LendingClub Corporation (NYSE: LC), America s leading digital marketplace bank, today announced financial results for the first quarter ended March 31, 2021. We had a great start to the year, accelerating personal loan origination growth by leveraging our strategic advantages including our customer base of 3 million members, our data and technology capabilities, and our newly acquired digital bank, said Scott Sanborn, CEO of LendingClub. Personal loans are paving the road to our broader ambitions as our vertically integrated model delivers a new and recurring revenue stream, lowers our issuance costs and generates strong and sustained growth.