LendingClub

LendingClub operates as a digital marketplace bank offering personal loans, auto refinancing, and banking products to consumers, alongside financial solutions for small businesses. The company originally pioneered peer-to-peer lending, connecting borrowers with investors, and later transformed into a chartered bank following its acquisition of Radius Bank. Individuals seeking to consolidate debt, finance major purchases, or refinance auto loans can apply online for unsecured installment loans through the platform. Investors and institutional partners can access consumer loan products and structured certificates for portfolio diversification. The company also provides everyday banking services, including checking and savings accounts, rewards checking, and certificates of deposit, positioning itself as a full-service digital financial institution.