Happen, Inc. (formerly LendingClub Corporation) operates as a digital marketplace bank in the United States through its wholly-owned subsidiary, Happen Bank. The company's core business model revolves around originating unsecured consumer personal loans, which are primarily used by customers for debt consolidation and credit card refinancing. Following its transformative acquisition of Radius Bancorp in 2021, the company gained a national bank charter, allowing it to gather FDIC-insured consumer deposits to fund a portion of its loan portfolio. This hybrid model enables Happen to retain highly profitable loans on its own balance sheet while continuing to sell other loans to institutional investors through its marketplace platform, optimizing capital efficiency and interest rate risk. In addition to personal loans, the company offers auto refinance loans, patient and education financing, and commercial loans. On the deposit side, Happen Bank provides high-yield savings accounts and rewards-based checking accounts designed to encourage positive financial behaviors. The company rebranded from LendingClub to Happen, Inc. in June 2026 to better reflect its evolution from a pure online lender into a comprehensive digital banking ecosystem serving high-FICO, digitally savvy consumers.
