Investing with the market leader
Bank on
consumer credit
With high yields and short durations, personal loans deliver returns banks, credit unions, and asset managers can count on—and accessing them from the industry’s leading provider couldn’t be easier.
Why invest with Happen Bank
Count on Happen Bank
With approximately 5M members and $100B+ in personal loans, Happen Bank is the leading digital marketplace bank in the U.S., consistently outperforming its competitors in both credit and servicing.
Well-established
Founded in 2007, we have the longest track record in the business
Data-driven, highly developed credit model
2,000+ unique attributes and 150B+ cells of proprietary data from tens of millions of repayment events over 15+ years.
Flexible and scalable
Our technology supports community banks, credit unions, and multinational institutions, enabling customized portfolios based on risk tolerance and yield requirements.
Better borrowers. Better outcomes for investors.
Our members choose Happen Bank because they want to consolidate credit card debt and know there’s a better way. They have established credit histories, higher than average incomes ($100K+), strong FICO1 scores (typically ranging from 700-745), and are dedicated to repaying their loans to meet their goals.
We assess loan candidates by reviewing their application, employment data, income data, credit history, credit profile, credit score, and more. This comprehensive evaluation ensures we’re lending to reliable borrowers.
A counterparty you can rely on
Regulated
Happen Bank is regulated by the OCC and held to the same high standards as traditional banks and credit unions. We’re a best-in-class, established counterparty.
Invested In Your Success
We’re the largest holder of our own loans.2 When we win, our investors win too.
State-of-the-Art Servicing
Our data-powered and modern collections, servicing, and fraud operations give investors the best return on their investment.
How sophisticated investors access marketplace lending
Offering a variety of structures, Happen Bank is the provider of choice for asset managers:
Securities
Purchase a pool of loans—with leverage included—in one trade without the normal transaction costs using our popular Happen Structured Loan Certificates (HAPS) (formerly Structured Loan Certificates Program (SLCLC)).
Portfolios of whole loans
Purchase whole loans by grade and term for quick access to large, scalable portfolios.
Actively select loans
Use Marketplace Connect, our electronic marketplace, to build a portfolio by filtering credit attributes. Benefit from API-driven purchasing, dynamic pricing, data transparency (100+ data fields per loan), improved liquidity, and same-day settlement.
Why consumer credit?
Solid returns
We consistently outperform our competitors in credit and servicing.3
Diversification
Balance long-duration, lower-yielding fixed-income portfolios with our high-yield, short-duration loans.
Access a growing asset
With credit card rates at historic highs4, 5, more consumers are looking for personal loans than ever before.
Meet our team of experts
Our leadership team has extensive experience in capital markets, banking, trading, analytics, and risk management. And we’ve worked for some of the best in the game, like BlackRock, Citi, Charles Schwab, Nasdaq, Merrill Lynch, CIT, and Barclays.
Learn about consumer credit
What is consumer credit?
Consumer credit refers to personal debt taken on by consumers, and includes credit cards, auto loans, personal loans, student loans, and mortgages. Personal loans are a notable and growing $1T+ category6 of consumer credit; borrowers typically use personal loans to consolidate credit card debt in a simple, easy-to-use installment loan with a fixed interest rate.
Why invest in unsecured personal loans?
Unsecured personal loans appeal to investors due to their strong return profile and ability to diversify a portfolio. Unsecured personal loans offer high yield and short duration, and can provide diversification for many investors versus traditional fixed income assets.
Why personal loans vs. other consumer credit assets?
Personal loans tend to have a relatively high yield with a short duration. Loan interest rates range from approximately 6 to 36% and are 24 to 84 months, which compares favorably to many longer-dated consumer assets.
We’re a well-capitalized, publicly traded U.S. corporation (Happen, Inc.) and a national bank (Happen Bank). Happen Bank has originated over $100 billion in loans since inception. Today, we partner with dozens of asset managers, hedge funds, and over 60 U.S. banks who have previously purchased personal loans.
In addition to offering personal loans across the full credit spectrum, Happen Bank offers auto refinancing loans and purchase finance loans (including medical, dental, and educational financing).
It’s difficult to build a consumer lending business—it takes time, money, lots of infrastructure, and expertise. We enable banks to invest in consumer credit directly without heavy infrastructure. Our business model allows bank partners to save all loan marketing and origination costs. In addition, as a U.S. national bank, our bank partners can comfortably rely on the fact that we’re also directly regulated by the OCC and Federal Reserve Board.
Our multiple platforms allow our investors the flexibility to purchase loans on a passive or active basis, in bulk or as individual loans, and as whole loans or securities.
We offer performance reports, portfolio summaries, and detailed loan-level data to keep investors informed.
Support includes a dedicated team for account management, onboarding and servicing, and credit analytics.
We typically communicate monthly or quarterly, with additional updates as needed.
Minimum purchase commitments may vary depending on the investment type.
You can explore secondary market trading or structured liquidity solutions for flexibility.
We adhere to regulatory standards through rigorous internal audits and regular reporting to federal banking agencies.
We offer a diverse range of opportunities across various risk levels and terms.
Our Portal webpage offers account management and transaction history for investors; we also offer a due diligence room for investors to access monthly platform insights, our documentation, and more
Happen Bank offers loans in 50 states and Washington DC.
Yes, we offer reporting tools that may assist with a bank’s CRA compliance.
Ready to learn more?
Find out how personal loans can help diversify your asset portfolio and boost near term income.
