LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) vs SoFi
Business model, scale, and a side-by-side Litmus framework score — which model wins, and for whom.
SoFi wins on scale and product breadth; LendingClub wins on focus and a deeper personal-loan credit dataset.
At a glance
| Metric | LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) | SoFi |
|---|---|---|
| Revenue | ~$998.8M (FY2025 total net revenue, actual) | ~$1.09B (Q1 2026 adjusted net revenue, +41% YoY) |
| Profit | Profitable; Q1 2026 net income $51.6M (vs $11.7M YoY) | $166.7M (Q1 2026 GAAP net income, +134% YoY) |
| Active users | 5M+ Members | 14.7M members |
| Employees | ~1,400 | Uncertain — conflicting third-party figures (~4,500 to ~6,100); not independently verified |
| Founded | 2006 | 2011 |
| HQ | San Francisco, CA | San Francisco, USA |
LLitmus Framework Score
Overall: LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) 90 · SoFi 85
Customer Segment
93
87
Value Proposition
91
88
Marketing Channel
88
82
Engagement
85
85
Income Source
94
86
Asset Validation
96
89
Core Operations
87
84
Strategic Alliance
84
80
Expense Validation
89
83
LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) leads 8 modules, SoFi leads 0. Overall edge: LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026).
Head to head
| Dimension | LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) | SoFi |
|---|---|---|
| Members | 5M+ | 11M+ |
| Revenue | $998.8M (FY25 actual) | $2.7B+ |
| Model | Focused personal-loan bank | Full-stack lifestyle bank |
| Funding | Deposits (~3.8% cost) | Deposits + capital markets |
| Profitability | Profitable (Q1 2026 NI $51.6M) | Recently profitable |
FAQ
Is LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) or SoFi a better business?
SoFi wins on scale and product breadth; LendingClub wins on focus and a deeper personal-loan credit dataset. It depends on what you optimise for — see the module-by-module breakdown above.
What is the difference between LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) and SoFi's business model?
LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) operates in Fintech / Banking (America’s leading digital marketplace bank), while SoFi is Fintech (Get your money right). Their revenue, scale and Litmus scores are compared in detail above.
Which is more profitable, LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026) or SoFi?
LendingClub (renamed Happen, Inc. / Happen Bank, N.A. as of June 22, 2026): Profitable; Q1 2026 net income $51.6M (vs $11.7M YoY). SoFi: $166.7M (Q1 2026 GAAP net income, +134% YoY).