UK bank Barclays is set to expand its presence in the US consumer banking market after agreeing to acquire US-based personal lending fintech BestEgg for $800 million.
BestEgg, founded in 2013, has facilitated over $40 billion in loans for more than two million customers and currently manages around $11 billion in personal loans. Barclays plans to retain BestEgg’s existing business model while keeping a “small portion” of BestEgg’s new lending flow on its balance sheet.
The transaction is expected to close by Q2 2026, pending regulatory approvals and Barclays’ sale of its American Airlines co-brand credit card receivables.