Wednesday, August 3, 2011

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. More information »