LendingPoint Announces Launch of SDKn Technology to Simplify Consumer Credit Approval for E-Commerce & Point of Sale Purchases

LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce,  announced on Wednesday the launch of its Lending Operating System (LOS), SDKn, which creates an instant consumer credit pre-approval platform for businesses of all sizes offering affordable financing options to the widest credit range of their customers.

Money Benjamin Dollars 100According to LendingPoint, SDKn integrates into existing payment platforms, giving consumers an instant credit decision for in-store and e-commerce purchases, without ever having to leave the website or payment processor.

“The SDKn One App, One Approval, Multiple Lenders feature can be configured to permit multiple lenders with diverse credit “appetites” to operate within a single user experience without revealing their underwriting criteria to others.”

While sharing details about the system, LendingPoint CTO, KN Kasibhatla, stated:

“SDKn allows large and small merchants, regardless of their technology capabilities, to easily deploy a consumer financing tool for online and in-store transactions, offering multiple fulfillment possibilities, including virtual cards, direct deposit to customers, and immediate money transfers to the merchant.”

LendingPoint went onto add that SDKn is now readily available to all e-commerce platforms, merchants and small businesses to deploy into their online or in-store payment processing platforms to offer consumers a lending and shopping experience.  

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