We are pleased to initiate our coverage of Lending Club, the largest marketplace lender in the U.S. Lending Club has led the US online lending market and matured from a start up to a top 20 US consumer lender and has been listed on the NYSE since late 2014.

In the first quarter of 2017, Lending Club originated $1,959 million in loans, of which approx. 85% were purchased by institutions (40% banks, 33% managed accounts and a further 12% by other Institutional). The trailing 12 months to 31st March 2017, has seen Lending Club originate $7,873 million in loans.