Merrick Bank and Happy Money Launch $500 Million Lending Program
Wednesday, October 28, 2026 · first reported by Financial IT
Happy Money has set up a lending program with Merrick Bank that provides up to $500 million in funding through 2027. Under the bank sponsorship arrangement, Merrick Bank will originate and fund personal loans, and Happy Money's platform will facilitate and service them. Merrick Bank has about $9.3 billion in assets.
The program adds to Happy Money's capital partner network, which also includes credit unions, institutional investors and banks. Happy Money says it has passed $7 billion in cumulative loan originations and has served more than 350,000 customers.
- Firm
- Happy Money
- Also named
- Merrick Bank
- Size
- $500M
- Stage
- Raising
- People
- Louis Mrachek
- Asset class
- Credit
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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