Happen's third-quarter deposits increased to $11.5 billion
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On October 29, 2026, PYMNTS reported that Happen doubled its loan originations year over year through its mobile app. The company said that third-quarter deposits increased 22% year over year to $11.5 billion; loan originations increased 26% to $3.3 billion. The net charge-off rate for loans held for investment fell to 3.1% from 3.4% in the previous period. In addition, Happen said its AI service agent Penny resolved 30% more calls than the previous system, while Happen Connect reduced partner onboarding time by 60%.
AI-written from reports · updated 2 hours ago
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- PYMNTSHappen doubled loan originations through its mobile app, deposits grew 22%
Happen said loan originations through its mobile app doubled year over year, while third-quarter deposits grew 22% year over year to $11.5 billion. Loan originations increased 26% to $3.3 billion, and the net charge-off rate for held-for-investment loans improved from 3.4% in the previous period to 3.1%. Its AI service agent Penny resolved 30% more calls than the previous system, while Happen Connect shortened partner onboarding time by 60%.
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