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Corporation
INTERNET | Internet Software & Services / Accounting & Finance
lendingpoint.com

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Founded Year

2014

Stage

Mezzanine - III | Alive

Total Raised

$1.759B

Last Raised

$110M | 7 mos ago

Mosaic Score

+40 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About LendingPoint

LendingPoint's purpose is to democratize credit and accelerate commerce. By using data and technology, the company aims to provide life-changing financial opportunities for underserved Americans – those establishing new credit profiles, those rebuilding credit, and self-employed entrepreneurs.

LendingPoint Headquarter Location

1201 Roberts Blvd Suite 200

Kennesaw, Georgia, 30144,

United States

888-969-0959

Latest LendingPoint News

LendingPoint Announces Record Growth for First Half of 2021

Oct 14, 2021

Company on track for second year of profitable growth October 14, 2021 09:00 AM Eastern Daylight Time KENNESAW, Ga.--( BUSINESS WIRE )--LendingPoint, an AI-driven CreditTech platform, today announced it achieved record growth across its platform in the first half of 2021. First Half 2021 Financial Highlights Revenue growth in 1H 2021 increased 214.8% over 1H 2020 Remained profitable despite the impact of the COVID-19 pandemic Platform originations in 1H 2021 increased 122% over 1H 2020 and 1H 2021 originations were up 60% over 2H 2020 figures Expanded the team by over 40% and opened offices in San Mateo, California Launched LendingPoint’s first digital card partnership Grew AI risk, credit, performance, and propensity data signals to 60 billion+ “We’re thrilled to report record growth in the first half and significant progress as we continue to innovate and execute on our mission to use data science and credit technology to facilitate full credit spectrum lending to consumers and small businesses across the country,” said LendingPoint CEO Tom Burnside. “These results demonstrate the sustained profitability and momentum we’re building while establishing a leadership position in the online CreditTech market.” New: Money On Demand In 2021, the company launched its first digital card partnership with a leader in digital dentistry. The partnership enables mobile-first on-demand financing embedded within a native mobile app experience. Approved applicants receive instant credit decisions, allowing customers to secure same-day funds for immediate payment. The digital card can be used in real-time at the point of sale without individual store or ecommerce installation. “The digital card partnership is a great addition to LendingPoint’s offerings. We’re excited to be able to offer immediate funds to our dentistry customers when they need it. By focusing on this anchor partnership, we’re able to expand digital card offerings while optimizing our target customer and perfecting the process to provide fast and frictionless money on-demand,” said Burnside. LendingPoint also announced the closing of its second rated consumer loan ABS issuance in 2021, priced at $400 million this week, which increases its total consumer loan ABS issuance amount to more than $3.625 billion. This deal allows LendingPoint to continue investing in innovation and new offerings while maintaining satisfied customers and consistent growth in revenue. About LendingPoint LendingPoint is an AI-driven CreditTech platform that provides financing origination solutions to consumers, for ecommerce and point of sale partners, and lending institutions. The company’s fraud prevention, risk and asset management algorithms are used to create financing opportunities across the credit spectrum. Its LendingPoint Merchant Solutions platform provides ecommerce platforms, merchants, and other service providers fully integrated, one-stop financing solutions to convert more customers. For the past three years, LendingPoint has been named to Inc. 5000’s list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked on Deloitte’s Technology Fast 500 list in 2019 and 2020 and was honored as one of the top 40 fastest growing companies in Atlanta by the ACG in 2019, 2020, and 2021. LendingPoint also was named one of the 2021 Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in metro Atlanta, with offices in San Francisco and New York. LendingPoint, LLC owns and operates the LendingPoint platform. Contacts

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Expert Collections containing LendingPoint

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

LendingPoint is included in 3 Expert Collections, including Digital Lending.

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

D

Deloitte 2019 Technology Fast500 - North America

501 items

F

Fintech

26,163 items

US-based companies

LendingPoint Patents

LendingPoint has filed 1 patent.

The 3 most popular patent topics include:

  • Bank codes
  • Banking technology
  • Credit
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/8/2020

Machine learning, Payment systems, Bank codes, Banking technology, Credit

Application

Application Date

4/8/2020

Grant Date

Title

Related Topics

Machine learning, Payment systems, Bank codes, Banking technology, Credit

Status

Application

LendingPoint Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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