💼 BlackRock is making a bold move

The world’s largest asset manager is investing $1 billion into LendingClub, a California-based fintech firm known for its marketplace lending programs.

🏦 LendingClub made headlines in 2020 by acquiring Radius Bank — becoming one of the first fintechs with a national bank charter.

Since launching its structured certificates in 2023, the company has already sold nearly $6B in loans.

📊 Market reaction:

LC stock: Up 28% over the past month

BLK stock: Up 4% in 30 days

LendingClub’s leadership says this validates their underwriting strength and industry trust.

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