The Bankwatch

Tracking the consumer evolution of financial services

FaceBooks Lendingclub surpasses $100K loans in first two weeks

Hardly earth shattering numbers, but not bad for two weeks, and the pattern over the next few weeks suggests exponential growth.

Lending Club was an original Facebook Platform/ F8 partner having launched with F8 on May 24. The company closed its first loan on June 6, and has since closed 27 more loans for a total of $101,250. An additional $212,650 in loans will close in the next 12 days. More than $180,000 is currently available from 271 lenders with around 10-15 new lenders transferring money to Lending Club every day.

Source: Techcrunch

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Written by Colin Henderson

June 20, 2007 at 23:41

Posted in Social Lending

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