Happen, Inc. is a San Francisco-based financial technology company and the parent organization of Happen Bank, a digital-first national bank. The company was founded in 2006 as LendingClub and originally operated an online marketplace that connected consumer borrowers with investors seeking exposure to personal loans. It later expanded into a broader banking institution after acquiring Radius Bank, and in June 2026, LendingClub Corporation adopted the Happen, Inc. name as part of the rebranding of LendingClub Bank as Happen Bank.
The company provides consumer lending and deposit products through an online platform and mobile application. Its services include unsecured personal loans, debt-consolidation financing, checking and high-yield savings accounts, certificates of deposit, automobile refinancing, business financing, and other credit products. Happen Bank operates without a traditional branch network, allowing customers to apply for loans, open accounts, transfer money, and manage their finances digitally.
Happen’s lending business uses proprietary technology, automated underwriting, credit information, employment data, income records, and repayment history to evaluate borrowers and price loans. Personal loans are commonly used to consolidate credit-card balances, refinance existing debt, fund home improvements, or cover other major expenses. The company also offers tools and account benefits intended to reward customers for saving regularly, making loan payments on time, and using connected banking products.
The company operates a marketplace-bank model that combines traditional banking with institutional loan distribution. Happen Bank may retain loans on its own balance sheet while also selling loans or providing consumer-credit investments to banks, credit unions, asset managers, and other institutional buyers. This structure allows Happen to generate income from interest, loan origination and servicing, banking relationships, and the sale of credit assets while serving both individual customers and institutional investors.