LC

Lendingclub Corporation

An online lending marketplace that connects everyday borrowers with people and institutions willing to fund them, offering personal loans for debt consolidation and home improvements, plus banking products like checking and high-yield savings. It was founded in 2006 by Renaud Laplanche, who saw how banks charged borrowers high rates while paying savers little, and it famously launched as an app on Facebook in 2007 before becoming its own website. The "Club" in its name reflects its community-style approach of bringing borrowers and lenders together outside the traditional banking system.