LendingClub enters $500 billion home improvement financing market

NEW YORK - LendingClub Corporation (NYSE:LC) announced Wednesday its expansion into the home improvement financing market through a partnership with Wisetack and a technology acquisition from Mosaic. The fintech lender, currently valued at $2.05 billion, has seen its shares surge over 72% in the past six months according to InvestingPro data.

The company revealed its plans during its Investor Day in New York, describing the move as a strategic entry into a market valued at approximately $500 billion. This expansion comes as LendingClub trades slightly below its Fair Value, according to InvestingPro analysis, suggesting potential upside for investors tracking the company's growth initiatives.

The partnership with Wisetack, a platform for home improvement financing, will provide LendingClub access to a network of about 40,000 contractor merchants and multiple embedded software partnerships. This collaboration will be implemented in two phases, with LendingClub initially purchasing participation certificates from Wisetack's loan production in early 2026, followed by originating larger home improvement loans using its own underwriting model by mid-2026.

"We're excited to extend our underwriting and customer experience advantages to home improvement, a $500 billion industry that's ripe for innovation," said Steve Mattics, Chief Lending Officer of LendingClub.

To support this expansion, LendingClub has acquired core lending technology and selected talent from Mosaic, a former fintech lender with experience in contractor-based lending.

The new offering will provide consumers with real-time approvals and transparent payment terms, while contractors will benefit from higher close rates and API-based payouts, according to the press release.

Bobby Tzekin, founder and CEO of Wisetack, stated that LendingClub's "trusted brand, proven underwriting performance, infrastructure, and frictionless digital experience complement our industry-leading technology and contractor network."

LendingClub expects this expansion to contribute to sustained growth in 2026 and beyond. The company has demonstrated strong revenue growth of nearly 17% over the last twelve months, with current revenue at $1.29 billion. InvestingPro data shows that eight analysts have revised earnings upward for the upcoming period, suggesting confidence in the company's growth trajectory. LendingClub's comprehensive Pro Research Report is available among the 1,400+ US equities covered on the platform, offering deeper insights into the company's financial health and growth prospects.

In other recent news, LendingClub Corporation reported impressive financial results for the third quarter of 2025. The company exceeded analyst expectations by posting an earnings per share of $0.37, surpassing the forecasted $0.30, which marked a 23.33% positive surprise. Additionally, LendingClub's revenue reached $266.2 million, outpacing projections of $256.29 million. In another development, LendingClub announced a $100 million stock repurchase program, approved by its Board of Directors, which will run through December 31, 2026. This program allows the company to buy back shares through open market purchases and retain vesting restricted stock units. The timing and volume of these acquisitions will depend on various factors, including the company's stock price and business conditions. These recent developments highlight the company's strategic financial moves and its strong quarterly performance.

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