LendingClub Secures Investment Grade Rating from Fitch on $100 Million Structured Loan Certificates (SLCLC) Transaction with a Top Global Insurance Company

Core Insights - LendingClub Corporation has successfully closed a $100 million LendingClub Structured Loan Certificates (SLCLC) program transaction, securing an investment grade rating from Fitch Ratings, which enhances its appeal to investors [1][2] - The SLCLC program has seen significant growth since its launch in April 2023, reaching over$4 billion in total originations by December 31, 2024, indicating strong investor interest [2][3] - The company aims to broaden its investor distribution channels and diversify its funding profile by offering rated transactions, particularly targeting insurance companies with over $8.5 trillion in assets [2] Company Overview - LendingClub Corporation is the parent company of LendingClub Bank, recognized as America's leading digital marketplace bank, providing a wide range of financial products and services [4] - The company utilizes advanced credit decisioning and machine-learning models, based on extensive data, to facilitate access to credit and generate attractive risk-adjusted returns for loan investors [4] - Since its inception, LendingClub has served over 5 million members, helping them achieve their financial goals through innovative product structures [4]