Lending Club Finds $25M More
San Francisco-based Lending Club, the person-to-person microlending marketplace operator, said Wednesday that it has raised a $25M investment round. The round was led by Union Square Ventures, and also included the firm's prior investors. Lending Club said that Union Square gains a board observer position on its board of directors. LendingClub is headed by Renaud Laplanche. LendingClub said it is issuing over $20M in prime consumer loans each month.
posted on Wednesday, August 3, 2011 (Link to more information)
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