LendingClub is a nationally chartered digital bank focused primarily on originating unsecured personal loans, which borrowers use mainly to consolidate and refinance higher-cost credit card debt. LendingClub targets creditworthy consumers with above-average FICO scores who carry expensive revolving debt, offering fixed-rate loans at materially lower rates than their existing credit cards. Beyond personal loans, LendingClub also originates major purchase finance loans (elective medical, dental, and home improvement), auto refinance loans, and small business and SBA loans. LendingClub also offers deposit products, including LevelUp Savings and LevelUp Checking accounts, designed to deepen member engagement and drive repeat borrowing. LendingClub generates revenue through two streams: marketplace revenue, earned by selling loans to third-party investors such as private credit funds, asset managers, and insurance companies; and net interest income, earned by retaining loans on its balance sheet funded by customer deposits. As a bank, LendingClub can fund retained loans with low-cost insured deposits rather than more expensive warehouse lines, a structural cost advantage over non-bank fintech lenders. LendingClub's growth strategy focuses on expanding origination volume by re-entering previously dormant marketing channels, growing into adjacent lending verticals like home improvement financing, and increasing member lifetime value through its mobile app tools, including DebtIQ, a debt monitoring tool that surfaces refinancing opportunities to existing members.