Full-Time
Senior Product Manager
Embedded Lending
Posted on 10/6/2025
LendingClub
1,001-5,000 employees
Online P2P lender matching borrowers, investors
Compensation Overview
$175k - $205k/yr
San Francisco, CA, USA
Hybrid
Hybrid role; in-person required Tue–Thu; relocation offered.
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- 6+ years of product management experience; background in fintech and lending preferred
- Proven owner/operator who can break down complex problems, explore solutions, and ship value quickly in a regulated environment
- Excellent communicator and stakeholder influencer across engineering, design, data science, risk, compliance, and sales
- Deep customer empathy for both merchants and borrowers; strong product discovery chops (qual/quant research, prototyping, usability testing)
- Analytical athlete: comfortable with metrics/OKRs, funnels, A/B testing, and pulling your own data (SQL/Looker/Amplitude or similar)
- Familiar with origination, underwriting, KYC/KYB, fraudand the trade-offs between growth, experience, and risk
- Experience leading API-driven partner integrations and platform migrations
- Bonus: Knowledge of the Home Improvement industry or other merchant-led sales flows
- Own the origination funnel end-to-end. Redesign and optimize our lending application flows (web, mobile, API) to improve conversion, approval rates, and time-to-decision while meeting compliance and risk standards
- Ship an ROI-driven roadmap. Prioritize outcomes, define success metrics/OKRs, and lead execution from concept and discovery through launch and iteration
- Level-up merchant engagement. Drive rollout of a modern sales CRM and tooling (e.g., Salesforce) across field sales and insights teams; deprecate legacy apps with clear migration plans
- Strengthen credit & fraud performance. Partner with data science, risk, and compliance to introduce verification orchestration (KYC/KYB), fraud signals, and underwriting features that reduce losses and friction
- Obsess over the customer journey. Map current-state merchant and borrower experiences; define future-state flows, use cases, and acceptance criteria with strong UX sensibility
- Integrate with strategic partners. Lead API-first integrations with merchant platforms and third-party providers; ensure reliability, observability, and a great developer experience
- Instrument and experiment. Ensure clean event tagging, build dashboards, run A/B tests, and turn insights into shipped improvements
- Evolve the platform. Partner with engineering on platform enhancements, tech modernization, and process upgrades that improve quality, throughput, and compliance posture
- Bonus: Knowledge of the Home Improvement industry or other merchant-led sales flows
LendingClub operates an online lending platform that connects borrowers with individual investors in a peer-to-peer market, funding personal loans, small business loans, and auto refinancing. Borrowers apply on the platform and are evaluated based on credit history and financial factors; approved loans are funded when investors purchase notes that represent parts of the loan. The company earns origination fees from borrowers and service fees from investors, deriving revenue from both loan initiation and ongoing servicing. The goal is to provide accessible credit and investor opportunities through a scalable marketplace that pairs funding needs with capital.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2006
Simplify's Take
What believers are saying
- Q1 2026 delivered $2.7B originations, 31% YoY growth, $67M pre-tax profit.
- Wisetack partnership accesses 40,000 contractors for home improvement loans.
- Analysts forecast $1.3B revenue and $269M earnings by 2028.
What critics are saying
- Pagaya erodes personal loan share with AI underwriting in 12-24 months.
- Upstart captures prime borrowers from DTC channel within 6-12 months.
- Charge-offs normalize to 5%, eroding 60.4% margins in 6-12 months.
What makes LendingClub unique
- LendingClub pioneered P2P lending with SEC-registered notes since 2007.
- LCX platform offers API access, dynamic pricing, and same-day loan settlements.
- Happen Bank rebrand leverages 40% superior underwriting vs peers over five years.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Unlimited Paid Time Off
Parental Leave
Hybrid Work Options
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%LendingClub shares rose 5.9% this week after the digital lender launched a competitive 8-month certificate of deposit offering 4.15% APY, whilst broader financial stocks gained on reports of easing US-Iran tensions. The company's hybrid digital bank and marketplace model projects $1.3 billion in revenue and $269.5 million in earnings by 2028, requiring earnings growth of approximately $195.5 million from current levels of $74 million. Some analysts estimate fair value at $24.20, representing 65% upside from current prices. Whilst the headline-grabbing CD rate could help attract depositors and support balance sheet growth, the company remains exposed to risks around competition in personal loans and potential credit normalisation in its unsecured lending portfolio.
Bloom Credit wins "Banking Infrastructure Software of the Year" Award. Bloom Credit Inc. is proud to announce today that Bloom Credit was named the winner of the "Banking Infrastructure Software of the Year" award as part of the 2026 FinTech Breakthrough Awards program. This annual awards program highlights companies making significant progress in financial services through technology. This year's program received over 4,500 nominations from around the globe, recognizing solutions that are reshaping everything from digital banking to lending and payments. Bloom Credit was selected for its role in building the infrastructure that powers modern credit data experiences. Through its platform, including the Bloom+ API, Bloom Credit Inc. provide scalable, API-driven systems that allow financial institutions to integrate credit-building and reporting directly into their existing products and workflows. "Winning Banking Infrastructure Software of the Year is a strong validation of the work we're doing to modernize credit data," said Christian Widhalm, CEO of Bloom Credit. "We've focused on building infrastructure that helps financial institutions move faster and deliver better outcomes for consumers, and it's exciting to see that work recognized at this level." At Bloom Credit, its mission has always been to simplify access to credit data and help financial institutions deliver more impactful, consumer-first products. This win underscores the importance of modern, flexible infrastructure in enabling banks, credit unions, and fintechs to better serve their customers while navigating an increasingly complex data landscape. Bloom Credit Inc. is honored to be recognized alongside companies like Mastercard, Fiserv, Capital One, and LendingClub as part of this year's FinTech Breakthrough Awards, and to be included among a broader group of organizations shaping the future of financial services. As the industry continues to invest in digital transformation, the underlying credit data layer remains a critical area for innovation. By modernizing how payment data is permissioned, furnished, and reported, Bloom is helping institutions unlock new capabilities while maintaining control of the customer experience. Bloom Credit Inc. is grateful to its clients and partners who trust Bloom Credit Inc. to be part of their stack, and Bloom Credit Inc. is excited to continue building solutions that support the next generation of financial services. Stay tuned, Bloom Credit Inc. can't wait to share what comes next! March 19, 2026
US stocks fell after January's Producer Price Index showed wholesale inflation rose 0.5%, significantly above the 0.3% consensus forecast. Year-over-year, the index increased 2.9%. The unexpectedly high reading suggests persistent inflationary pressures and has dampened investor optimism for near-term Federal Reserve interest rate cuts. The central bank is less likely to lower borrowing costs whilst inflation remains elevated. Financial services stocks were particularly impacted. Jefferies fell 10.4%, Interactive Brokers dropped 6.1%, and Evercore declined 6.5%. LendingClub tumbled 11.1%, whilst PROG fell 5.7%. The shift in expectations for monetary policy triggered a broad market sell-off as traders adjusted to the possibility of interest rates remaining higher for longer.
Pagaya Technologies, an AI-powered fintech platform, reached profitability in 2025, posting net income of $81.4 million compared with a $401.4 million loss in 2024. Revenue grew 26.1% year over year, whilst adjusted EBITDA rose 76.3%. The company's capital-light model connects banks and fintech firms through its AI network, spreading risk across personal loans, auto loans and point-of-sale financing. However, Pagaya's management guidance signals slower near-term expansion due to tighter underwriting standards. Despite improving fundamentals, analysts favour LendingClub over Pagaya, citing LC's hybrid bank-backed lending model, which delivers steadier earnings and stronger cash flow visibility at a lower valuation. LendingClub reported 33% growth in loan originations and 23% revenue growth in 2025.
Borrower spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro. | borrower spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro | / |. Published February 18, 2026 Ownership transitions can open the door to new growth when structured strategically. Nayosha Hospitality LLC provides a strong example of how the right financing solution can support long-term stability and operational efficiency. About Nayosha Hospitality. Nayosha Hospitality LLC owns and operates the Quality Inn in Streetsboro, Ohio, located in Portage County. The 8,000 square foot hotel sits on two acres and includes 54 rooms. Originally acquired by three partners in September 2021, the ownership group later executed a purchase agreement allowing one owner to acquire 100 percent ownership. The hotel was fully renovated in 2017, with additional repairs and improvements completed in 2022 under current ownership. Today, the property is in like-new condition and benefits from strong regional demand. Demand generators include: * Kent State University * Blossom Music Center * Akron-Canton Airport * Cleveland Hopkins International Airport * Aurora Outlets Supporting a partner buyout with SBA 504 financing. OSDC partnered with LendingClub Bank to secure an SBA 504 loan that enabled the partner buyout and transition to full ownership. This financing structure allowed the business to: * Complete a smooth ownership transition * Increase operational efficiency * Retain all existing jobs * Create two new jobs By supporting the ownership transition, the SBA 504 structure helped position Nayosha Hospitality for continued growth in a competitive hospitality market. Strengthening local business through strategic financing. Partner buyouts require careful structuring to protect business stability. This project demonstrates how collaboration between borrower, lender, and OSDC can help facilitate smooth transitions while preserving jobs and strengthening the local economy. Ohio Statewide Development Corporation is proud to have partnered with LendingClub Bank and Nayosha Hospitality to support this next chapter of growth.