Happen Doubles Loan Issuance Through App as Deposits Grow 22%
By PYMNTS
AI summary of the source article
Happen, formerly known as LendingClub, reported that third-quarter deposits grew 22% year-over-year to $11.5 billion. Borrowers initially using the bank to pay off credit cards are also providing additional business through savings.
Key facts
- Happen reported third-quarter deposits grew 22% from a year earlier to $11.5 billion.
- Happen was formerly known as LendingClub.
- Credit card payoff borrowers are supplying the bank with additional business through their savings.
Source excerpt · PYMNTS
Borrowers who came to Happen to pay off credit cards are giving the bank additional sources of business through their savings. Happen, formerly known as LendingClub, reported that deposits grew 22% from a year earlier to $11.5 billion in the third quarter, according to earnings results released on Wednesday (Oct. 28). The number of active […] The post Happen Doubles Loan Issuance Through App as De…