LendingPoint, an online direct loan provider, is excited to announce that it has added global payments industry expert Charlie Fote to its board of directors.
Fote brings nearly four decades of global market leadership, as CEO and Founder of the Fotec Group, a company at the forefront of the payments industry. Tom Burnside, CEO of LendingPoint, stated:
“Charlie is one of the most highly-respected leaders in global consumer payments. Having revolutionized the payments industry on numerous occasions, he is known for his deep understanding of the evolving global marketplace and tailoring solutions to meet ever-changing demands. Having Charlie on the board brings even more credibility to the groundbreaking work we’re doing at LendingPoint. His passion, depth of experience, and advocacy to always do the right thing by the consumer, are a perfect match to our mission.”
LendingPoint noted that Fote is joining the board during a “fortuitous time”; the company has exceeded all of its benchmarks, rapidly expanding in just six short months. It is seeking to reshape the consumer lending marketplace into a space where consumers can expect both fair treatment and fair rates, along with more options than they knew were available to them. Fote’s board appointment strengthens the bench further, allowing for ongoing consultation and rich insights on turnkey payment solutions and consumer demand.
Fote added:
“I’ve known several of the LendingPoint executives for years. It’s a team that has a great understanding of the financial sector. LendingPoint is already exhibiting impressive growth, and I’m looking forward to being part of their high level of financial performance. The company has all of the elements of success: a strong management team, a great sales and marketing plan, as well as a wide and diverse prospect and customer base.”
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YTD: Jan 1, 2026 - Oct 20, 2026 vs Jan 1, 2025 - Oct 20, 2025
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Number of Filings130Prior 124 +4.8%
Target Raise, Total$3.37BPrior $3.52B -4.2%
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Change
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130
124
+4.8%
Target raise
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$3.52B
-4.2%
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“Charlie is one of the most highly-respected leaders in global consumer payments. Having revolutionized the payments industry on numerous occasions, he is known for his deep understanding of the evolving global marketplace and tailoring solutions to meet ever-changing demands. Having Charlie on the board brings even more credibility to the groundbreaking work we’re doing at LendingPoint. His passion, depth of experience, and advocacy to always do the right thing by the consumer, are a perfect match to our mission.”
“I’ve known several of the LendingPoint executives for years. It’s a team that has a great understanding of the financial sector. LendingPoint is already exhibiting impressive growth, and I’m looking forward to being part of their high level of financial performance. The company has all of the elements of success: a strong management team, a great sales and marketing plan, as well as a wide and diverse prospect and customer base.”
