LendingClub Acquires AI-Powered Spending Intelligence Platform

Core Insights - LendingClub Corporation has announced the acquisition of Cushion, an AI-powered spending intelligence platform, to enhance its mobile financial products and services [1][3] - Cushion's technology helps users manage their financial obligations, including tracking bills, making payments, and monitoring BNPL loans, which aligns with LendingClub's mission to improve consumer financial health [2][3] Company Overview - LendingClub is a leading digital marketplace bank in the U.S., providing a range of financial products aimed at helping consumers save on borrowing and earn more on savings [5] - The company has over 5 million members and has facilitated more than $100 billion in loans since its inception in 2007 [5] Acquisition Details - Cushion, founded in 2016, served over one million consumers and raised over $21 million in funding before ceasing operations in early 2025 [2][4] - The acquisition will allow LendingClub to offer enhanced visibility into consumer financial obligations beyond traditional credit monitoring, building on its previous acquisition of Tally in Q4 2024 [3]