New Investor States: Texas, Arizona, Arkansas, Iowa, and Oklahoma

Lending Club has opened up 5 new states in the past few weeks to allow more investors to participate in its platform. This is good news for people in the states of Texas, Arizona, Arkansas, Iowa, and Oklahoma. These 5 states have a combined 42.2M in population, which opens up the investors demand for LendingClub loans. We suspect LC would only do this when they can expand their loan originations business and/or when retail/institutional investing slows down.

6/29/2015
+34.1M population reach

Arizona: 6.4M
Texas: 27.7M

http://ir.lendingclub.com/file.aspx?IID=4213397&FID=30118697

7/14/2015
+8.1M population reach

Arkansas: 2.9M
Iowa: 2.1M
Oklahoma: 3.1M

http://ir.lendingclub.com/file.aspx?IID=4213397&FID=30281456

 

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