LendingPoint Closes $178 Million Personal Loans Securitization
Category: LendingPoint News Back to blog
KENNESAW, Ga.–(BUSINESS WIRE)–Inc. Magazine today ranked commerce platform LendingPoint No. 17 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. LendingPoint joins companies such as Microsoft, Dell, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names who gained their first national exposure as honorees on the Inc. 5000. LendingPoint has hit successive funding records year-over-year and is on pace to reach $100 million per month in loan originations by the end of 2019.
Most people who take out personal loans do so to help manage their pre-existing debt. That is true of all borrowers, no matter the lender involved. LendingPoint is no exception.
Staffing expansion comes after online lender posted its most successful year to date
Tom Burnside, LendingPoint’s CEO looked ahead in a wide-ranging conversation about the company and the wider fintech marketplace. Here are some key takeaways from that conversation.
More people are taking out personal loans this year than last but, surprisingly, they’re asking for smaller amounts. And the younger the borrowers, the more their loan amount requests are shrinking.
Patients can take out affordable loans to cover medical costs at the moment they need them.
In this study, the Data Lab team took a close look at monthly variations in loan usage. The team analyzed three years worth of loan data, month by month.
LendingPoint has loaned more than a half billion dollars. What are those dollars earmarked for? The answer often depends on the age of the borrower.
Deal follows more than $1 billion in senior credit financing secured in less than one year
The company has closed $1.1 Billion of Senior Credit availability in past nine months.
LendingPoint is proud to have been named to the 2018 Georgia Fast Forty, recognizing the top 40 fastest–growing middle–market companies in the state.
FinTech Breakthrough is an independent organization with an awards and recognition platform devoted to honoring excellence in Financial Technologies and Services companies and products.
LendingPoint, the company working to revolutionize access to consumer credit, was named Atlanta’s fastest-growing private company by the Atlanta Business Chronicle, taking the top spot on the publication’s prestigious Pacesetter list.