Profitability Helps San Diego Lender Step Out from Industry Cloud
Xconomy
JULY 26, 2016
In contrast to some alternative lenders, the San Diego firm said it is growing fast and is consistently profitable. LendingClub helped to pioneer the model, saying in November 2012 that it had surpassed $1 billion in loans issued since 2006, when it was founded. million in 2012 to more than $59 million in 2015.
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