LendingPoint will hire 100 new team members in atlanta headquarters, increasing local headcount to nearly 300
Staffing expansion comes after online lender posted its most successful year to date
KENNESAW, Ga.—February 21, 2019 — Coming off a year of its most significant growth to date, LendingPoint, the consumer lending platform, announced it will add 100 new fintech jobs to its Atlanta metro headquarters, growing its staff here from about 190 to nearly 300 this year.
The new hires will fill entry-level to executive positions, across a range of departments including risk and fraud management, engineering, customer service, and marketing.
“We’re absolutely thrilled that our success these past years means we can create so many new jobs for talented individuals in Atlanta,” said Mark Lorimer, LendingPoint’s Chief Communications and Public Affairs Officer. “We considered hiring in several other cities, but decided the depth of the labor pool for fintech right here made it the best choice for us.”
LendingPoint secured more than $1.2 billion in financing between August 2017 and this month, including two senior credit facilities arranged by Guggenheim Securities and two mezzanine financing deals led by Paragon Outcomes Management LLC. Last March, it debuted Merchant Solutions, its point-of-sale lending platform that thousands of retailers and service providers now use to provide financing to customers at the moment of purchase.
In 2018, LendingPoint funded about 51,000 loans, more than it did in the previous three years combined. Last year, The Atlanta Business Chronicle named LendingPoint the metro’s fastest-growing private company.
Since launching in 2015, LendingPoint has provided affordable loans to individuals across the credit spectrum, from 580 to 850. Its unique credit assessment capabilities mean its loans are tailored to borrowers’ specific financial situations, ensuring borrowers are able to repay successfully. All of the company’s loans are unsecured personal loans with 12- to 60-month terms, from $500 to $25,000 with APR’s ranging from 9.99% to 35.99%
In addition to its Atlanta metro headquarters, LendingPoint maintains offices in New York City and San Diego.
LendingPoint is a FinTech lending platform providing direct to consumer loans as well as product and service financing at the point of sale. The company is creating a better lending and borrowing experience by looking for more reasons to say “yes” — helping consumers across the credit spectrum unlock access to affordable loans and live better financial lives. Its LendingPoint Merchant Solutions platform provides merchants, service providers and medical institutions a fully integrated, one-stop retail financing in-a-box solution to convert more customers at the point of sale.
LendingPoint was named in 2018 one of the nation’s best consumer loan companies by U.S. News & World Report, one of the Best Personal Loans by NerdWallet, the fastest-growing private company in metro Atlanta by the Atlanta Business Chronicle, one of the GA Fast 40 by the Atlanta Chapter of The ACG, and one of the Top Workplaces by the Atlanta Journal Constitution. Founded in 2014, LendingPoint is a privately held company headquartered in Kennesaw, Ga. with offices in New York City and San Diego. For more information, visit www.lendingpoint.com.
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