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Happen Bank Crosses $10 Billion in Personal Loans Sold Through Its Proprietary Structured Loan Certificates Programs

  • Happen Bank, a subsidiary of Happen, Inc. (Nasdaq: HAPN), announced it has sold over $10 billion in personal loans through its structured loan certificate programs, HAPS & LENDR.
  • The HAPS program launched in April 2023, while the LENDR program launched in June 2025, both designed to expand investor access to loan assets & provide scalable marketplace funding.
  • The $10 billion milestone reflects sustained demand, with existing investors increasing purchases & new investors joining the platform.
  • HAPS is a two-tranche private securitization where Happen Bank retains the senior note & sells the residual certificate to investors, offering levered returns with low friction.
  • LENDR offers multiple note tranches rated by Fitch to attract investors seeking investment-grade ratings, diversifying funding sources & enhancing loan placement efficiency.
  • Clarke Roberts, Senior Vice President & General Manager of Marketplace at Happen Bank, stated that structured certificates enable streamlined financing & efficient asset access across varying market conditions.
  • Happen Bank is a digital institution built for the "Motivated Middle," formerly known as LendingClub Bank, serving over five million members with advanced credit underwriting.
  • The press release includes standard Safe Harbor statements regarding forward-looking statements & potential risks affecting actual results.