About the Trading Platform

If you are a Lending Club investor and wish to sell some of your Notes, or buy Notes currently held by other investor, you can now use the Note Trading Platform operated by FOLIOfn, member FINRA/SIPC. You will need to open an account with FOLIOfn, and the trading platform is not available to residents of all states. You can use the funds available in your Lending Club account to buy Notes through the Trading Platform, and receive the proceeds of any sale of Notes (minus a 1% trading fee) directly into your Lending Club account. Only Notes that were issued after October 12, 2008 can be traded on the Trading Platform.


Financial Innovation

Lending Club doesn’t have physical branches, or several other layers of costs that weigh down traditional banks. But Lending Club also seems to exploit a market inefficiency that is really quite shocking, given the supposed sophistication of the big Wall Street firms.

The Atlantic

Featured Borrower

Dan

"My loan was 100% funded within 12 hours, and I had funds in my account within 4 days. It was ridiculously fast..."