“Can a chartered marketplace bank dominate consumer credit by combining proprietary underwriting with deposit-funded balance sheet and embedded point-of-sale distribution?”
LendingClub launched in 2007 as the original peer-to-peer consumer lending marketplace and went public in 2014. After regulatory and governance turbulence in the mid-2010s, it pivoted decisively by acquiring Radius Bancorp in February 2021 — becoming the first public U.S. neobank and combining its lending engine with a deposit-funded bank balance sheet. The current chapter is balance-sheet-funded consumer credit (personal loans, deposits, and now home improvement financing via embedded distribution partners like Wisetack).
LendingClub Bank discloses LendingClub Bank, N.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
LendingClub Bank does not disclose a bank charter of its own; its banking services are provided through LendingClub Bank, N.A. (in-house).
LendingClub Bank moves money over ACH.
LendingClub Bank connects to bank accounts through Plaid and MX.
LendingClub Bank integrates with QuickBooks.
The Embedded Finance Index 2026 maps 7 layers in LendingClub Bank's stack: Money movement (ACH); Banking / BaaS (LendingClub Bank, N.A. (in-house)); Lending (LendingClub Personal Loans (in-house), LendingClub TopUp Loan (in-house), LendingClub CleanSweep Line of Credit (in-house), LendingClub Home Improvement Loans (in-house, distributed via Wisetack) and 2 others); Open banking (Plaid and MX); Sponsor bank (LendingClub Bank, N.A. (in-house)); Accounting (QuickBooks); Transaction enrichment (MX).
LendingClub Bank is founded in 2007 and headquartered in San Francisco, CA.
Get a read on where your own stack stands against LendingClub Bank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.