"LendingClub doesn't loan out its own capital and collects fees of loans that are originated on its platform from both individuals and more sophisticated investors alike."
Lending Club owns a subsidiary fund that invests in the platform as well.
Investors should be aware that LC is both a platform, and an investor in it's own platform which, if not monitored closely, can be potentially dangerous.
"LendingClub doesn't loan out its own capital and collects fees of loans that are originated on its platform from both individuals and more sophisticated investors alike."
Lending Club owns a subsidiary fund that invests in the platform as well.
Investors should be aware that LC is both a platform, and an investor in it's own platform which, if not monitored closely, can be potentially dangerous.
[Source] http://www.prnewswire.com/news-releases/lending-club-announc...