18 June 2018
Visit www.avoka.com

Lending Club launches API suite

12 August 2015  |  3627 views  |  0 Source: lending Club

Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, has launched Lending Club Open Integration (LCOI).

LCOI allows online advisors and broker-dealers to offer Lending Club investments quickly and easily to their client bases, using a suite of Application Programming Interface (API) services that integrate directly into their websites. It provides the same functionality that currently exists on Lendingclub.com, including money movement, investing, reinvesting, real-time reporting of cash and holdings, and tax reporting.

Renaud Laplanche, founder and CEO of Lending Club, said, "Retail investors have always been a key constituency for us. With LCOI, we are making it easy for advisors and broker-dealers to offer Lending Club Notes to their retail clients and deliver a blissful, seamless experience."

Lending Club brings together borrowers looking for lower rates, and investors looking for attractive returns. Through Lending Club, individual retail investors have access to consumer credit as an asset class that generally has not been available to them. Investors can invest in loans in increments as low as $25, diversifying across hundreds or thousands of borrowers, to quickly and easily build a portfolio that fits their investment objectives. Each fraction of a loan is invested in through a Note. Lending Club Notes have Historical Returns by Grade A-C of 5.19% to 8.88%.* Among investors who own 100 or more Notes of similar size representing loans to different borrowers, 99.9 percent have seen positive returns.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...
A Finextra member Finextra Member Commented on: NatWest taps Open Bank...
A Finextra member Finextra Member Commented on: HSBC promises $17bn in...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48540 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10132 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9234 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8150 views comments | 8 tweets | 21 linkedin
NatWest taps Open Banking for cardless online paymentsNatWest taps Open Banking for cardless onl...
7994 views 11 comments | 12 tweets | 12 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job