tiger sniffing note: August 27, 2014, P2P net loan leader, subversion of the traditional banking system Lending Club, formally submitted to the SEC prospectus, to raise $500 million. This indicates that the company may be listed in the fall. In April 2014, Lending Club completed the final sum of equity financing, valuation rose to $3 billion 760 million, funding buy shares of companies including Black Rock Inc, RowePrice group, Sands Capital Corporation and Wellington management company, trading more than four times the size of the main rival Prosper. This paper is an analysis report of Lending Club released by fast carp in 2013.

as a personal loan company in San Francisco, Lending Club was founded in 2006. They are the first to be registered as a security company in accordance with the U.S. Securities and Exchange Commission SEC (Securities and Exchange) security standards to provide personal loans to individuals. The maximum and the traditional lending institutions is different, Lending Club use this technology to build the network trading platform, directly connected to individual investors and individual borrowers, by this way, shorten the circulation of funds in detail, especially around the traditional big banks and other financial institutions, investors and borrowers can get more benefits and more fast. For investors can obtain better returns, for borrowers, you can get relatively low interest rates.

development process

Lending Club first appeared in the first batch of Facebook applications, and then in August 2007 from Norwest Venture Partners and Canaan Partners raised $10 million A round of financing, since Lending Club completely transformed into a personal loans to individuals.

in the first half of 2008, Lending Club had a series of qualification and licensing matters, the most of which is with the U.S. Securities and Exchange Commission SEC (U.S. Securities and Exchange Commission) identification and statement, makes the Lending Club development from the true sense of a banking and trading platform, this process continues to in October 2008, the loans and loans to the ownership, formally incorporated into the resale transaction form of the operating mode, which is to safeguard the rights and interests of the biggest investor, even in the event of a serious debt crisis, and even Lending Club bankruptcy or closure of the loans, will continue to receive U.S. government funding. October 14th, Lending Club to restore the registration procedures for new investors, to the

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