Lending Club opened 14 new states to retail investors in 2015, which made the platform available to over 92 million Americans (+29% of the U.S. population). The biggest states were Texas and Michigan. This was in the works since the company went IPO in late 2014, which made it easier to open up new states for investors in its platform.
When we rank all the newly eligible states by population, it’s clear that Lending Club pushed for making their platform available to the everyone. The remaining states that are not yet eligible are (in order of population rank): Pennsylvania, Ohio, North Carolina, Maryland, New Mexico, North Dakota, and Alaska.
To sum it up, Lending Club now has 43 eligible investor states, covering over 276 million people (86% of the U.S. population), up from 201 million people a year ago.