Case Study: LendingClub accelerates loan offers and scales to $1B in personal loans with TrueNorth

LendingClub reaches $1 billion in personal loans with TrueNorth

LendingClub, a major online marketplace lending platform, faced the challenge of evolving its successful platform to the next stage. They needed to rebuild their systems to improve processes through automation, build back-end tools for credit verification to reduce manual work, and collaborate across multiple teams and timezones. They chose TrueNorth for its deep experience in financial services software and its team of senior-level professionals.

TrueNorth revamped the user interface, developed new tools for credit and fraud review, and automated workflows including marketing campaigns. As a result of this collaboration, TrueNorth helped LendingClub distribute over $1 billion in personal loans, enabled them to become the first company to deliver loan offers in one minute, and created a matching algorithm for lenders and borrowers.

LendingClub