Thursday, August 23, 2007

Lending Club Raises $10.26M

Sunnyvale-based Lending Club announced Thursday that the firm has raised $10.26M in a Series A financing. The funding round was led by Canaan Partners and Norwest Venture Partners. Lending Club operates a personal lending service based on Facebook, which allows users to lend money to each other. The company said the funding will go to expand its lending community beyond Facebook. More information »