Windsor Drake
Transaction · Neobank · 2020

LendingClub / Radius Bancorp 2020

LendingClub acquired Radius Bancorp for $185M on February 1, 2020.

Target
Radius Bancorp
Acquirer
LendingClub
Deal value
$185M
Announced
February 1, 2020
Sub-sector
Neobank

Transaction overview

  • LendingClub announced the acquisition of Radius Bancorp on February 1, 2020 for $185M.

Strategic rationale

Enables LendingClub to become first online lender-owned neobank with bank charter and scaled digital banking infrastructure.

Deal terms & multiples

Deal value
$185M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
February 1, 2020
Acquirer
LendingClub (Strategic)
Sub-sector
Neobank

Sources

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Other deals by LendingClub

Primary Event type Counterparty Value Sub-sector Date
Radius Bank Transaction LendingClub $185M Neobank December 31, 2020