LendingClub is a nationally chartered digital marketplace bank that originates, funds, and services consumer and commercial loans through its subsidiary bank. The company operates a two-sided marketplace connecting individual and small-business borrowers seeking personal loans, mortgages, equipment financing, and commercial credit with institutional and retail investors, while also holding loans on its balance sheet and funding operations through retail deposit accounts. LendingClub generates revenue from origination fees, loan servicing fees, loan sales to marketplace investors, and net interest income on loans held for investment and deposits, while leveraging data and technology to increase credit access, reduce borrowing costs, and improve savings returns for its members.