LendingClub Expands into Home Improvement Financing, Unlocking a $500 Billion Market Opportunity
LendingClub (NYSE: LC) is expanding into the $500 billion home improvement financing market via a distribution partnership with Wisetack and an acquisition of core lending technology and select talent from Mosaic. The Wisetack partnership provides access to ~40,000 contractor merchants and embedded SaaS channels to accelerate scale. LendingClub plans a two‑phase rollout: purchasing participation certificates from Wisetack's forward flow in early 2026, then using its own underwriting to originate larger loans in mid‑2026. The initiative aims to deliver real‑time approvals, transparent terms, and API payouts to improve homeowner and contractor experiences and support growth into 2026 and beyond.
LendingClub (NYSE: LC) si espande nel mercato da 500 miliardi di dollari di finanziamento per il miglioramento della casa tramite una partnership di distribuzione con Wisetack e l'acquisizione della tecnologia di prestito di base e di talenti selezionati da Mosaic. La partnership con Wisetack offre accesso a circa 40.000 commercianti appaltatori e canali SaaS integrati per accelerare la scala. LendingClub prevede una rollout in due fasi: acquistare certificati di partecipazione dal forward flow di Wisetack all'inizio del 2026, per poi utilizzare il proprio underwriting per originare prestiti di entità maggiore a metà 2026. L'iniziativa mira a offrire approvazioni in tempo reale, condizioni trasparenti e pagamenti tramite API per migliorare l'esperienza di proprietari di casa e imprenditori e sostenere la crescita nel 2026 e oltre.
LendingClub (NYSE: LC) se expande en el mercado de financiamiento para mejoras del hogar, valorado en $500 mil millones, a través de una asociación de distribución con Wisetack y la adquisición de la tecnología central de préstamos y de talento seleccionado de Mosaic. La asociación con Wisetack ofrece acceso a ~40,000 comerciantes contratistas y canales SaaS integrados para acelerar la escala. LendingClub planea un despliegue en dos fases: comprar certificados de participación del flujo futuro de Wisetack a principios de 2026, y luego usar su propio underwriting para originar préstamos de mayor cuantía a mediados de 2026. La iniciativa tiene como objetivo brindar aprobaciones en tiempo real, términos transparentes y pagos vía API para mejorar la experiencia de propietarios de viviendas y contratistas y apoyar el crecimiento hacia 2026 y más allá.
LendingClub (NYSE: LC)는 5000억 달러 규모의 주택 개보수 자금 조달 시장으로 진출하고 있으며, Wisetack과의 유통 파트너십 및 Mosaic로부터 핵심 대출 기술과 선발 인재 일부를 인수했습니다. Wisetack 파트너십은 약 40,000명의 계약업자 상인과 내장형 SaaS 채널에 대한 접근을 제공하여 규모 확장을 가속합니다. LendingClub은 두 단계 rollout를 계획합니다: 2026년 초 Wisetack의 선행 흐름에서 참여증서를 구입하고, 이후 2026년 중반에 자체 심사를 사용해 더 큰 대출을 시작합니다. 이 이니셔티브의 목표는 실시간 승인, 투명한 조건, API를 통한 지급을 제공해 주택 소유주와 시공자의 경험을 개선하고 2026년 및 그 이후의 성장을 지원하는 것입니다.
LendingClub (NYSE: LC) s'implante sur le marché du financement des améliorations domiciliaires, d'une valeur de 500 milliards de dollars, via un partenariat de distribution avec Wisetack et l'acquisition de la technologie de prêt de base et de talents sélectionnés de Mosaic. Le partenariat Wisetack donne accès à environ 40 000 marchands entrepreneurs et à des canaux SaaS embarqués pour accélérer l'échelle. LendingClub prévoit une mise en œuvre en deux phases : acheter des certificats de participation du flux anticipé de Wisetack au début de 2026, puis utiliser son propre underwriting pour originer des prêts plus importants à la mi-2026. L'initiative vise à offrir des approbations en temps réel, des conditions transparentes et des paiements via API pour améliorer l'expérience des propriétaires et des entrepreneurs et soutenir la croissance en 2026 et au-delà.
LendingClub (NYSE: LC) expandiert in den Markt für Heimwerkerfinanzierungen im Wert von 500 Milliarden USD über eine Vertriebskooperation mit Wisetack und den Erwerb von Kern-Lending-Technologie sowie ausgewählten Talenten von Mosaic. Die Wisetack-Partnerschaft ermöglicht den Zugang zu ca. 40.000 Handwerksbetrieben und eingebetteten SaaS-Kanälen, um das Wachstum zu beschleunigen. LendingClub plant eine zweistufige Einführung: Erwerb von Participationszertifikaten aus Wisetacks Forward-Flow zu Beginn von 2026, danach Nutzung des eigenen Underwritings, um originare Kredite von größerem Volumen in der mitte 2026 zu vergeben. Die Initiative zielt darauf ab, Echtzeit-Zustimmungen, transparente Konditionen und API-Auszahlungen bereitzustellen, um das Erlebnis von Hausbesitzern und Auftragnehmern zu verbessern und das Wachstum in 2026 und darüber hinaus zu unterstützen.
LendingClub (NYSE: LC) يتوسع في سوق تمويل تحسين المنازل بقيمة نحو 500 مليار دولار من خلال شراكة توزيع مع Wisetack واستحواذه على التكنولوجيا الأساسية للإقراض ومواهب مختارة من Mosaic. توفر شراكة Wisetack الوصول إلى نحو 40,000 تاجر مقاول وقنوات SaaS مدمجة لتسريع النمو. تخطط LendingClub لإطلاق مرحلتين: شراء شهادات المشاركة من التدفق المستقبلي لـ Wisetack في بداية 2026، ثم استخدام عملية الاعتماد الخاصة بها لإصدار قروض أكبر في منتصف 2026. تهدف المبادرة إلى تقديم موافقات فورية، وشروط شفافة، ومدفوعات عبر واجهة برمجة تطبيقات لتحسين تجربة أصحاب المنازل والمتعاقدين ودعم النمو حتى عام 2026 وما بعده.
- $500B target market for home improvement financing
- Access to ~40,000 contractor merchants via Wisetack
- Two‑phase entry with purchases starting early 2026 and origination in mid‑2026
- Acquisition of Mosaic core lending technology and select talent
- Initial scale relies on purchasing Wisetack participation certificates rather than immediate full origination
- Rollout timing stretches into mid‑2026, delaying full underwriting control and potential revenue capture
Insights
LendingClub moves into a large addressable market via a distribution partnership and targeted tech acquisition; this materially expands origination channels.
LendingClub pairs with Wisetack and acquires core technology and talent from Mosaic to accelerate entry into the
The move depends on three concrete execution points: integration of acquired Mosaic technology and talent into LendingClub’s stack, successful onboarding and underwriting alignment with Wisetack’s merchant network, and operationally capturing expected benefits such as higher close-rates and reliable API payouts. Risks include execution delays, integration friction, and the timing gap between certificate purchases and in-house origination. The announcement ties forward activity to
Watch near-term metrics over the next 12–18 months: volume of participation certificates purchased in
Home improvement distribution partnership and technology acquisition accelerate market entry
SAN FRANCISCO, Nov. 5, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced its expansion into the
As part of its expansion, LendingClub is partnering with Wisetack, a leading platform for home improvement financing with deep relationships across contractors, service platforms, and aggregators. The partnership is expected to jumpstart LendingClub's entry into the market by leveraging Wisetack's network of approximately 40,000 contractor merchants and dozens of embedded SaaS partnerships in the home improvement space, providing both the underlying technology and distribution network to grow rapidly.
"We're excited to extend our underwriting and customer experience advantages to home improvement, a
Leveraging Wisetack's innovative platform, LendingClub will offer consumers real-time approvals, transparent terms, and affordable payments – all designed to make home upgrades more accessible and predictable – delivered through a borrower's device. Contractors and installers will benefit from higher close-rates, fewer cancellations, and reliable API-based payouts that streamline the financing experience.
"We're thrilled to partner with LendingClub as they expand into home improvement financing," said Bobby Tzekin, founder and CEO of Wisetack. "LendingClub's trusted brand, proven underwriting performance, infrastructure, and frictionless digital experience complement our industry-leading technology and contractor network. Together, we're creating a more transparent, reliable financing experience for homeowners and smooth funding for contractors – helping everyone in the ecosystem grow with confidence and borrow smarter."
The partnership will scale in two phases. Initially, LendingClub intends to begin purchasing participation certificates in early 2026 from Wisetack's existing forward flow loan production. In mid-2026, LendingClub expects to begin using its own underwriting model to originate larger-sized home improvement financing loans not currently available on Wisetack's platform. LendingClub's market entry is also supported by the acquisition of core lending technology and select talent from Mosaic, a former fintech lender with a high-performing platform built for contractor-based lending. The combination of strong consumer demand, broad merchant adoption, leading underwriting, and efficient delivery and servicing gives LendingClub a clear path towards sustained growth in 2026 and beyond.
About LendingClub
LendingClub is reimagining what a bank can be by building our business around a simple belief: when our members win, we win. Leveraging innovative technology and engaging mobile-first experiences, our integrated suite of financial products helps people keep more of what they earn and earn more on what they save. Our 5+ million members love us for providing quick and easy access to affordable credit and rewarding their smart financial choices, like making on-time payments, saving regularly, and taking control of debt.
Getting credit right is a key driver of our success. Our advanced underwriting models are informed by over 150 billion cells of proprietary data, derived from tens of millions of repayment events across economic cycles. Our leading credit expertise combined with our resilient bank foundation, capital-light loan marketplace, decades of lending experience, and talented team have enabled us to deliver lasting value to members, loan investors, and shareholders alike. And we're just getting started.
LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com
About Wisetack
Wisetack is the leading embedded platform for consumer financing for home services and home improvement, with presence in other verticals such as elective medical and car repair. Wisetack partners with software companies to embed consumer financing options into their customer-facing applications through simple APIs. Wisetack's extensive network of merchants rely on Wisetack to offer their customers affordable pay-over-time options at point of sale.
Founded in 2018 in San Francisco by an experienced team of leaders in the financial technology industry, Wisetack is backed by leading VCs such as Greylock Partners, Quadrille Capital, Insight Partners, and Bain Capital Ventures. Payment options through Wisetack are provided by its lending partners and subject to credit approval. Terms may vary.
Safe Harbor Statement
Some of the statements in this press release, including statements regarding our ability to grow our business and the timing and impact and impact of our partnership with Wisetack, are "forward-looking statements." The words "will", "expect", and "intends", and similar expressions may identify forward-looking statements, although not all forward-looking statements may contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to execute definitive agreements with Wisetack, our ability to develop and operate a compelling offering in the home improvement lending space, our ability to leverage the acquired Mosaic assets, macroeconomic conditions, loan performance and those factors set forth in the section titled "Risk Factors" in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in our subsequent filings with the Securities and Exchange Commission. We may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
LendingClub Contacts
For Investors: IR@lendingclub.com
Media Contact: Press@lendingclub.com
Wisetack Media Contact: press@wisetack.com
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SOURCE LendingClub Corporation
