LendingClub, a leading digital marketplace bank, announced the acquisition of the intellectual property and select talent behind San Francisco-based Cushion, an AI-based spending intelligence platform that will naturally complement LendingClub’s suite of mobile financial products and experiences.
What Cushion does: Cushion’s AI-based technology ingests users’ bank transactions and purchase information to help them track their bills, make on-time payments, manage subscriptions, build credit, and monitor buy now, pay later (BNPL) loans. Launched in 2016, Cushion served over one million consumers across its lifetime and raised more than $21 million in funding from leading investors before winding down in early 2025.
Integrating Cushion’s technology will eventually allow LendingClub to provide much-needed visibility into a consumer’s financial obligations beyond traditional credit monitoring. And it builds on LendingClub’s acquisition of Tally in Q4 2024, which will simplify credit card management, help users optimize payments, reduce interest, and improve credit health.
Cushion ended operations in early 2025 when its assets became available for purchase.
KEY QUOTES:
“LendingClub is committed to helping consumers improve their financial standing by providing visibility into their debt and then offering cost-effective ways to pay down that debt. Cushion’s technology complements our DebtIQ experience to provide our members with the tools and information they need to take control of their debt and spending. With credit card balances and interest rates at historic highs and consumers seeking ways to keep more of what they earn, the need for our solution has never been greater.”
Scott Sanborn, CEO of LendingClub
“I’m excited to bring Cushion’s technology and expertise to LendingClub’s five million members. Over the past eight years, we’ve built one of the most advanced platforms for aggregating alternative financial data and unlocking deeper visibility into transactions – critical areas for helping consumers understand and manage their financial obligations.”
Paul Kesserwani, founder of Cushion and now Senior Director of Product, leading Digital Engagement at LendingClub
