Lending Club, based in San Francisco, is the world’s largest peer-to-peer lending and online credit marketplace. Its online lending platform allows borrowers to obtain a loan and investors to purchase notes that are backed by payments.
It works like this: Borrowers have access to lower interest rate loans through the online or mobile platform. Investors provide the money to enable the loans and earn interest in exchange.
Lending Club operates solely online, which means there are no brick-and-mortar branches. The company thrives on using technology to lower overhead costs while also providing a quality experience. Its goal is to transform the banking system into a transparent and efficient online marketplace through which people can achieve their financial goals with the touch of a button.
Fifth Third Bank is a full-service national bank serving personal and business customers in 10 U.S. states. It boasts more than 1,200 branch locations in Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Tennessee and West Virginia. Fifth Third Bank offers all the savings and lending options you’d expect from an institution with over $200 billion in...