100 times and a Million Dollars in Loans!

100 times and a Million Dollars in Loans!

Lending Club launched on Twitter more or less 100 times ago and has now simply surpassed the $1 million buck loan mark.

Lending Club Statistics
Twitter launch might 24, 2007
First loan closed June 6, 2007
Passed $1,000,000 in loan origination September 11, 2007
Loans given 172 for $1,046,000
present applications 37 for $399,650
refused candidates 804
Verified lenders 683

While the first service that is financial ever introduce on a myspace and facebook, plus one of a handful of Day 1 Facebook applications, we have been happy to observe that Facebook has significantly more than doubled its active user base to 40 million and therefore nowadays there are 4,000 Facebook applications. We examined in with Facebook on our progress and generally are appreciative of these continued help:

    “Facebook Platform had been built to allow business that is innovative for several application designers. We’re very happy to see Lending Club, one of several first Facebook applications, leveraging the social graph to construct a effective company around Twitter system.”
    Dave Morin, Senior System Manager for Facebook

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