LendingPoint

LendingPoint

TypePrivate
FoundedJuly 2014
Headquarters1201 Roberts Boulevard #200, Kennesaw, GA 30144, United States
ProductsPersonal Loans, Point-of-Purchase Finance
Websitehttps://www.lendingpoint.com/
  • LendingPoint is a financial technology platform.
  • The company looks at a person's complete financial picture, taking into consideration credit history, employment history, earning potential and other data to determine creditworthiness.
  • LendingPoint gives access to more affordable loans for consumers with credit scores between 500–850 and discounts traditional creditworthiness factors, such as FICO scores, debt-to-income (DTI) ratios, and payment-to-income (PTI) ratios.
  • 2018.1.11 – the company announced that it acquired the merchant portal technology and other assets of LoanHero, a fintech platform for point of sale finance.
  • 2020.7 – LendingPoint introduced a merchant lending platform called SDKn, which provides an online consumer loan pre-approval portal for companies.
  • 2020.8 – LendingPoint partnered with eBay to offer installment loans up to 48 months to eBay’s merchants.
    • Dubbed eBay Seller Capital, the program allows sellers on the e-commerce platform to borrow up to $25,000 with no origination fees or early payback fees.
  • 2020.10 – LendingPoint closed its first revolving and largest ever asset-backed security (ABS) issuance at $328. 5 million.

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