Tagged: lendingpoint

LendingPoint Closes Up to $600 Million Credit Facility Arranged by Guggenheim Securities

LendingPoint announced on Thursday it has closed an up to $600 million, committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. LendingPoint reported that with the new deal it has secured up to $1.1 billion of senior credit… Read More

LendingPoint To Accept Loan Payments & Disburse Loans Through Debit Cards Thanks to Agreement With TabaPay

Atlanta-based fintech direct loan provider, LendingPoint, announced on Monday it is set to accept loan payments and disburse loans through debit cards thanks to its agreement with TabaPay.  LendingPoint reported it will allow borrowers to use debit cards for loan payments they make online or over… Read More

LendingPoint Announces Merchant Solutions Platform: Seeks to Help Retailers Increase Sales by Providing More Consumer Payment Options

Atlanta-based fintech direct loan provider, LendingPoint, announced on Tuesday the launch of its new platform, LendingPoint Merchant Solutions, which is to provide merchants and other service providers a fully integrated one-stop retail financing platform to convert more consumers at the point of sale. The launch of LendingPoint Merchant… Read More

LendingPoint Appoints Former Citi Treasury Corporate Director Antonio Martino as New Chief Financial Officer

On Wednesday, Atlanta-based fintech direct loan provider, LendingPoint, announced it has appointed Antonio Martino as its new Chief Financial Officer. LendingPoint reported Martino has more than 25 years of experience spanning 10 countries. Most recently he was Director, Citi Corporate Treasury, where he had global oversight roles within the… Read More

LendingPoint Announces LoanHero Acquisition: Seeks to Accelerate Expansion to Point-of-Sale & Point-of-Need Financing

Atlanta-based fintech direct loan provider, LendingPoint, announced on Thursday it has acquired point-of-sale finance platform LoanHero. According to LendingPoint, with the combination of LendingPoint’s credit underwriting and risk management expertise, LoanHero will help accelerate LendingPoint’s expansion into point-of-need and point-of-sale financing, with its comprehensive and innovative… Read More

LendingPoint Completes $500 Million Credit Facility

LendingPoint announced it closed an up to $500 million credit facility arranged by Guggenheim Securities. The company reported it took down $138.5 million of the facility at the closing and on September 15th and it took down an additional $32.7 million.  According to LendingPoint, the… Read More

Orchard Launches New Platform: Orchard Deals Matches Global Investors & Originators to Boost Online Lending Market

  Orchard Platform has rolled out Deals, operated by Orchard Platform Markets, LLC, a wholly-owned subsidiary, SEC-registered broker-dealer, and member of FINRA and SIPC. Deals is a global market where loan originators may discover low cost financing and institutional investors can connect, evaluate, and move… Read More

LendingPoint Announces New Partnership With FinWise Bank: Seeks to Give More Credit Access to Customers

Atlanta-based fintech direct loan provider, LendingPoint, announced on Tuesday it has formed a new partnership with FinWise Bank, which will allow the company to offer its full suite of loan products to customers nationwide. LendingPoint stated through the partnership with FinWise Bank, it will be… Read More

Brief: LendingPoint Announces First Quarter 2016 Results; Funds Over $15M in Consumer Loans

LendingPoint, a fintech direct loan provider, announced on Monday its 2016’s first quarter showed it funded over $15 million in consumer loans and has processed more than 53,000 loan applications. The company reported its recent expansion into states like Ohio and California has resulted in a 100% increase in… Read More

LendingPoint Announces Additional Funding Capacity with Aeterna Capital Partners

Atlanta-based FinTech direct loan provider, LendingPoint, announced on Wednesday the signing an additional credit facility for $5 million of incremental financing with Aeterna Capital Partners. This news comes on the heels of the recent funding capacity up to $100 million with funds managed by Ares… Read More

LendingPoint Receives $100 Million Credit Facility

LendingPoint has announced the signing of a $100 million credit facility provided by funds managed by the Tradable Credit and Direct Lending Groups of Ares Management.  Ares Management is a publicly traded, global alternative asset manager with approximately $88 billion of assets under management as… Read More

Global Payments Expert Charlie Fote Joins LendingPoint’s Board of Directors

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… Read More

Cloud Lending Solutions Names Humphrey Polanen as President: Will Drive Cloud-Based Tech Solutions

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, today announced that Humphrey Polanen has been named president. He will be responsible for expanding Cloud Lending’s strategic partnership ecosystem and driving new cloud-based technology solutions that power the alternative lending community. “Humphrey’s expertise and… Read More

Interview: Cloud Lending CTO Darpan Saini and LendingPoint CTO Franck Fatras Discuss Partnership and Cloud Solutions

In February Cloud Lending Solutions announced that its customer and partner,  LendingPoint, had successfully used Cloud Lending as a foundation to go from concept to market in less than ninety days.  Helmed by CEO and Founder Snehal Fulzele and CTO Darpan Saini,  Cloud Lending has quickly disrupted global direct online lending as more and… Read More

LendingPoint Offers New Breakthrough Loan Service on its Cloud Lending Platform

Cloud Lending Solutions, the industry’s only end-to-end lending solution built natively on Salesforce.com, today announced its new customer LendingPoint, a non-bank direct lender that aims to meet consumer demands for online borrowing options. LendingPoint has successfully used Cloud Lending as a foundation to go from concept… Read More