Lending Club

Lending Club is a peer-to-peer lending platform that connects individual investors with borrowers seeking personal loans. Instead of going through a bank, borrowers request loans on the platform, which are funded by investors. Investors earn interest over time as borrowers repay the loans. Lending Club's technology assesses the borrower's risk to help set fair interest rates, creating an alternative financing option for borrowers and an investment opportunity for individuals. It operates as a marketplace, streamlining the lending process and increasing access to credit outside traditional banking channels.