Happen Bank Crosses $10 Billion in Personal Loans Sold Through Its Proprietary Structured Loan Certificates Programs
Happen Bank, the subsidiary of Happen, Inc. (Nasdaq: HAPN), crossed $10 billion in personal loans sold through its proprietary structured loan certificate programs, HAPS and LENDR. HAPS, launched April 2023, is a two-tranche private securitization where the bank retains the senior note and sells the residual to marketplace investors; LENDR, launched June 2025, offers Fitch-rated note tranches for investment-grade buyers.
Key figures
- Members
- five million plus
- Haps launch
- April 2023
- Lendr launch
- June 2025
- Cumulative loans sold
- $10 billion
AI analysis
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