LendingClub: Typical summer expenses increase loan demand

LendingClub is a US-based provider of digital financial solutions focusing on consumer loans and savings accounts. Originally launched as a peer-to-peer lending platform, the company has evolved into a fully licensed digital bank following the acquisition of Radius Bank. LendingClub utilizes data analysis and automation to accurately assess credit risks and offer tailored loan products—especially for consumers with average creditworthiness. The company benefits from the increasing demand for refinancing options, providing both attractive interest...