LendingClub acquires Cushion, terms not disclosed

LendingClub (LC) 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 loans. Founded in 2016, San Francisco-based Cushion served over one million consumers across its lifetime and raised more than $21M in funding from leading investors before winding down in early 2025. Cushion ceased operations in early 2025, after which time its assets became available for purchase.