Happen, Inc. Common Stock

Happen, Inc. (Nasdaq: HAPN), formerly LendingClub Corporation, is the parent company of Happen Bank, National Association, a Member FDIC national bank formerly known as LendingClub Bank. Happen Bank is a digital bank built for the 'Motivated Middle': high-FICO, high-income, digitally savvy consumers who actively manage their finances. It serves more than five million members.

The company operates a marketplace bank model. It originates loans and either holds them on its balance sheet, funded by about $11.5 billion of largely FDIC-insured deposits, or sells them to marketplace investors, including through proprietary structured certificates programs. Sold loans generate origination fees, servicing fees and gains on sale, while loans held for investment generate net interest income.

Products and loan types include:
- Unsecured consumer (personal) loans
- Auto loans
- Small business, commercial real estate (including SBA) and commercial and industrial loans
- Equipment finance and residential mortgages
- A newly launched home improvement financing business, built on acquired technology and talent
- Savings, money market, certificates of deposit and checking accounts

Since January 1, 2026, the company has applied fair value option accounting to all new loans held for investment. It completed its rebrand and Nasdaq ticker change to HAPN in June 2026. Its stated priorities include AI-driven operating efficiency and expansion into new marketing channels. Updated Oct 28, 2026