Add-on Acquisition • Internet Software and Services

Lending Club Acquires Cushion

On April 29, 2025, Lending Club acquired internet software and services company Cushion

Acquisition Context
  • This is Lending Club’s 1st transaction in the Internet Software and Services sector.
  • This is Lending Club’s 4th transaction in the United States.
  • This is Lending Club’s 2nd transaction in California.

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M&A Deal Summary

Date April 29, 2025
Target Cushion
Sector Internet Software and Services
Buyer(s) Lending Club
Deal Type Add-on Acquisition

Target Company

Cushion

San Francisco, California, United States
Cushion is an 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. Cushion was founded in 2016 and is based in San Francisco, California.
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Buyer Overview 1

Buyer

Lending Club

San Francisco, California, United States

Category Company
Founded 2006
Sector Financial Services
Employees1,002
Revenue 787M USD (2024)
DESCRIPTION

LendingClub provides an alternative to the traditional banking system. LendingClub provides a platform for connecting borrowers with lenders. Lending Club was founded in 2006 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 4 of 4
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 3 of 3
State: California 2 of 2
Country: United States 4 of 4
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Tally Technologies - Intellectual Property Assets

San Francisco, California, United States

Tally Technologies's Intellectual Property Assets offers intellectual property solutions.

Buy -