Happen Bank
American peer-to-peer lending company
Happen, Inc. (formerly LendingClub Corporation) is an American financial services company headquartered in San Francisco, California. In June 2026, the company changed its name to Happen, Inc., transferred the listing of its common stock from the New York Stock Exchange to the Nasdaq Global Select Market under the new symbol HAPN, and its banking subsidiary was renamed Happen Bank, National Association. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform.
Happen Bank (then LendingClub) raised $1 billion in what became the largest technology IPO of 2014 in the United States. Though viewed as a pioneer in the fintech industry and one of the largest such firms, Happen Bank experienced problems in early 2016, with difficulties in attracting investors, a scandal over some of the firm's loans and concerns by the board over CEO Renaud Laplanche's disclosures leading to a large drop in its share price and Laplanche's resignation.
History
Happen Inc., originally LendingClub, was initially launched on Facebook as one of Facebook's first applications. After receiving $10.26 million in a Series A funding round in August 2007, from venture capital investors Norwest Venture Partners and Canaan Partners, Happen Bank was developed into a full-scale peer-to-peer lending company.
On April 8, 2008, Happen Bank temporarily suspended new lender registration, canceled its affiliate program and entered a "quiet period" while it awaited approval to issue promissory notes to lenders.
“Happen Bank” enters the record as american peer-to-peer lending company. Crown Archives preserves that source wording while asking what Happen, Bank and American can confirm, complicate or overturn.
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Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Sep 23, 2026. The linked authority identifier is Q6522340. 2 of 2 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 2026, 2014, 2016 and 2007.
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This entry incorporates text from “Happen Bank” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.