A smarter way to invest and borrow.


As President, Steve Allocca is responsible for leading the company’s efforts to deliver affordable credit to more people across current and future product categories.

Prior to joining LendingClub, Steve led PayPal’s multi-billion-dollar credit business, PayPal Credit, where he drove both the consumer and business lending experiences. He also founded and ran Loan Science, LLC, a $330 million Austin-based company that remains one of the leading providers of loan portfolio analytics and management for banks, education companies, insurers, and investment firms. He still serves as Chairman. He has also served as President and COO of Education Finance Partners, the nation’s fourth largest originator of private student loans, and held notable positions at Wells Fargo, including Head of Personal Credit and SVP of Customer Acquisition and Integrated Marketing for the company.

Steve holds a BA in Economics from Washington & Lee University, where he graduated cum laude, and has an MBA from the Kellogg School of Management at Northwestern University.