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LendingPoint

lendingpoint.com

Founded Year

2014

Stage

Mezzanine - III | Alive

Total Raised

$1.759B

Last Raised

$110M | 2 yrs ago

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.

Headquarters Location

1201 Roberts Blvd Suite 200

Kennesaw, Georgia, 30144,

United States

888-969-0959

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LendingPoint's Products & Differentiators

    Platform Origination & Servicing

    LendingPoint is an AI-driven CreditTech platform that provides financing origination solutions for lending institutions, its ecommerce and point of sale partners, and consumers.

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 2 Expert Collections, including Digital Lending.

D

Digital Lending

1,711 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.

F

Fintech

7,565 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

Latest LendingPoint News

LendingPoint Announces Another Quarter of Assets Under Management (AUM) Growth

Nov 23, 2022

Share LendingPoint , the AI-driven CreditTech platform that provides one-stop financing solutions for consumers, e-commerce and point-of-sale partners, and lending institutions, announced that it has achieved its ninth consecutive quarter of profitability in Q3 2022. Financial and operational highlights throughout the quarter include: Platform originations of $2.5 billion through Q3 2022 increased 72% over last year. Revenue growth in Q3 2022 increased 68% over Q3 2021. Closed $311 million ABS transaction. Launched the first phase of its Preferred Payments initiative, giving customers the ability to sync their payments alongside a schedule of choice. Related Posts “As we navigate a period of economic uncertainty, I am proud of the LendingPoint team for achieving nine consecutive quarters of growth,” said LendingPoint CEO Tom Burnside . “The reality is that inflation and rate hikes continue to introduce challenges for far too many individuals, and we have kicked off the last quarter of the year with a renewed focus on ensuring we have the right programs in place for our customers to help set their goals in motion.” Amid adverse market conditions, LendingPoint adjusted its approach to continue to produce strong margins through the quarter, reinforcing consistent growth with nonstop innovation and an elevated customer experience to best support its customer’s changing needs. Burnside added, “We’ve achieved 72% platform growth over the past year using proprietary algorithms and technologies, and by continuing to prioritize the customer journey to position LendingPoint as a life-long financial partner.”

LendingPoint Web Traffic

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

LendingPoint Frequently Asked Questions (FAQ)

  • When was LendingPoint founded?

    LendingPoint was founded in 2014.

  • Where is LendingPoint's headquarters?

    LendingPoint's headquarters is located at 1201 Roberts Blvd, Kennesaw.

  • What is LendingPoint's latest funding round?

    LendingPoint's latest funding round is Mezzanine - III.

  • How much did LendingPoint raise?

    LendingPoint raised a total of $1.759B.

  • Who are the investors of LendingPoint?

    Investors of LendingPoint include Apollo Global Management, MidCap Financial, Warburg Pincus, Paycheck Protection Program, Guggenheim Partners and 4 more.

  • Who are LendingPoint's competitors?

    Competitors of LendingPoint include SoFi and 7 more.

  • What products does LendingPoint offer?

    LendingPoint's products include Platform Origination & Servicing and 3 more.

Compare LendingPoint to Competitors

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Happy Money

Happy Money delivers digitally-native financial tools and services for people to break up with their credit cards. Its marketplace offers a connected ecosystem of consumer financial products designed to help borrowers pay off debt, save money, and evaluate their spending patterns.

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Zirtue

Zirtue is a relationship-based lending app to formalize and help simplify loans between friends and family with automatic monthly loan payments. It automates the payment process and assists make it easier for all parties involved. It was founded in 2018 and is based in Dallas, Texas.

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auxmoney

auxmoney offers a credit marketplace in Continental Europe where private and institutional investors directly invest in approved borrowers of different score classes. Avoiding the bank as an intermediary, auxmoney can make more favorable loans available to more people, while enabling investors to benefit from attractive risk-adjusted returns. The company was founded in 2007 and is based in Dusseldorf, Germany.

T
Thrive

Thrive builds transparent financial products empowering underfunded students to unlock their potential. Providing students access to the funds they need to cover life’s expenses, Thrive is a financial launchpad for their future. With its first product, ThriveCash, students use an offer letter to receive access to funds. Thrive protects students by only granting access to an amount that they can responsibly pay back.

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Prosper Marketplace

Prosper provides a lending marketplace that connects people who want to invest money with people who want to borrow money. It offers affordable and personalized financial solutions that empower customers across the credit spectrum. The company was founded in 2006 and is based in San Francisco, California.

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