When you use LendingClub services or services provided through LendingClub, you are using the The LC™ platform. The LC platform is a group of financial service technologies developed by LendingClub to enable the services we facilitate or provide to borrowers and investors. The platform includes an ecosystem of microservices, database technologies, cloud computing technologies, web-based software-as-a-service, and mobile software technologies built upon and improved for over a decade.
The LC™ platform includes software for matching investors and lenders with consumers in need of a loan product, such as a personal loan or a loan to finance medical or educational services. This technology makes it easier for consumers to borrow the money they need, and for lenders to find borrowers that fit their credit risk profile. In addition, consumers may use the LendingClub website, which is powered by the LC platform, to apply for a loan, obtain loan options and interest rates, and schedule and make payments on their loan. Consumers may also use LC-enabled services to check their credit scores and get feedback on their financial health, while investors may find investing options and download loan performance data to help them determine how to better invest.