LendingClub Acquires AI-Powered Spending Intelligence Platform

LendingClub Corporation America’s leading digital marketplace bank, today announced the acquisition of intellectual property and select talent behind Cushion, an AI-powered spending intelligence platform, providing a natural complement to LendingClub’s suite of mobile financial products and experiences.

Cushion’s AI-powered 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. Founded in 2016, San Francisco-based 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.

“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,” said Scott Sanborn, CEO of LendingClub. “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.”

“I’m excited to bring Cushion’s technology and expertise to LendingClub’s five million members,” said Paul Kesserwani, founder of Cushion and now Senior Director of Product, leading Digital Engagement at LendingClub. “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.”