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Maturing fintech firm has a very bright future

Senior Manager, Technology
Current Employee
Has worked at LendingClub for 4 years
March 16, 2021
San Francisco, CA
4.0
Pros

Bank acquisition is complete, and the pandemic is behind us. This paves the way for better profitability and growth. Having been here for almost 3 years, I've never felt more positive about LC's future.

Exec leadership is top notch, and they are very transparent about where the company is in its path. The combination of a marketplace lender and a bank really opens up all kinds of possibilities that didn't exist before.

The workplace is pretty laid back, but most folks are pretty smart and hard working. I rarely work more than 40 to 50 hours in a week, and the comp is really competitive -- especially with the stock price on the rise.

Cons

Company is in the process of becoming a grown-up bank, and is learning hard lessons about the importance of documented and followed processes, and a culture of compliance.

The upside: if you're someone who is given to implementing processes, and can execute effectively, you'll find a welcome home here.

If you're a lone wolf or a cowboy, you're probably not going to be happy with the direction the company is going right now.

Advice to Management

Keep the weekly all-hands meetings—even when we return to the office. They keep us engaged and informed about the company's trajectory. This works in good times and in bad.

Additional Ratings

Work/Life Balance
5.0
Culture and Values
5.0
Diversity, Equity, and Inclusion
4.0
Career Opportunities
5.0
Compensation and Benefits
5.0
Senior Management
5.0

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