Search Results for "LendingClub"
5 results for "LendingClub"
Deals 5
LendingClub and Pagaya Acquire Tally Technologies' IP Assets
LendingClub, a digital marketplace bank, partnered with Pagaya to acquire intellectual property assets from Tally Technologies, a defunct credit card debt management fintech. The deal enhances LendingClub's lending and credit management capabilities. It highlights how bank-fintech partnerships are absorbing distressed fintech IP to expand embedded lending products.
Mogo's Carta Worldwide Partners with LendingClub Bank for Card Issuance
Mogo's Carta Worldwide announced an expanded debit card issuance partnership with LendingClub Bank to enable fintech challenger banks to deploy digital banking solutions. Carta's modern card issuing platform offers virtual and physical card products with advanced authorization controls and extensive configurability via APIs.
LendingClub Closes Acquisition of Radius Bancorp Creating First Public U.S. Neobank
LendingClub Corporation completed its acquisition of Radius Bancorp, a digital bank that served as a sponsor bank for fintechs. The deal created the first publicly traded U.S. neobank and full-spectrum fintech marketplace bank. This enabled LendingClub to offer deposit accounts, loans, and other banking services directly to its 3 million members.
Treasury Prime Partners with Marqeta to Add Card Issuing to BaaS API
Treasury Prime and Marqeta announced a partnership enabling fintechs to access modern card issuing capabilities through Treasury Prime's single BaaS API. The integration launched live with LendingClub Bank and was set to go live with Piermont Bank in March 2021. Challenger, a neobank for employer-sponsored financial services, became the first product built on the combined platform.
LendingClub Acquires Radius Bank for $185M, First Fintech to Buy US Bank
LendingClub announced its acquisition of Radius Bank for $185 million, becoming the first fintech company to acquire a US-regulated bank. The deal was expected to close in 12-15 months with break-even anticipated two years after completion. This landmark transaction reshaped the boundary between fintech platforms and traditional banking.