Tagged: lendingpoint

U.S. Fintech LendingPoint Appoints Ashish Gupta As New Chief Risk Officer

  LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, announced on Tuesday it has appointed Ashish Gupta as its new Chief Risk Officer.  According to LendingPoint, Gupta will lead data science/AI, risk, fraud, and market modeling as well as pricing… Read More

LendingPoint Closes Up To $110 Million Mezzanine Facility with Midcap Financial Trust & Apollo Investment Corporation

  LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, announced on Tuesday the closing of an up to $110 million, 5-year corporate mezzanine credit facility with new partners MidCap Financial Trust (MidCap), managed by a subsidiary of Apollo Global Management,… Read More

Fintech Funding: 13 $100 Million+ Mega-Rounds worth $2.7 Billion (in total) Completed by Fintechs so far in 2021

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

LendingPoint Secures $125 Million Growth Investment From Global Private Equity Firm Warburg Pincus

LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, announced on Thursday it secured a $125 million growth investment from global private equity firm, Warburg Pincus. Founded in 2014, LendingPoint explained that it is committed to redefining who is able to… Read More

eBay Teams Up With LendingPoint to Provide Seller Financing to Entrepreneurs & Businesses

eBay announced on Wednesday it has joined forces with LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, to launch a new program that will give eBay sellers in the U.S. access to funding to help grow and sustain their businesses, called… Read More

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

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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… Read More

LendingPoint Closes on $246 Million Securitizations

LendingPoint, a platform that enables the origination of unsecured personal loans, has closed on $246 million in securitizations. LendingPoint said that two securitizations, one for direct to consumer loans – LendingPoint Receivables Trust 2020-1 (LDPT 2020-1) issued $200 million of rated notes backed by a… Read More

LendingPoint Completes $178 Million Inaugural Personal Loan Securitization

LendingPoint announced on Wednesday it has closed its inaugural securitization of consumer loans. The company reported that the securitization, LendingPoint Receivables Trust 2019-1 (LDPT2019) issued a total of  $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the… Read More

LendingPoint Completes $250 Million Credit Facility Arranged by Guggenheim Securities

LendingPoint announced on Monday it completed its $250 million credit facility, which was arranged by Guggenheim Securities. According to LendingPoint, the facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. “The amended… Read More

LendingPoint Increases Mezzanine Financing & Brings Total Facility to $67.5 Million

LendingPoint announced on Monday it closed an increase of its mezzanine financing, bringing the total of the facility to $67.5 million. According to LendingPoint, a Paragon co-investor joined the facility as a lender, with Paragon Outcomes Management LLC leading the deal and participated in the upsizing. LendingPoint… Read More

LendingPoint Increases Mezzanine Financing; Brings Total Facility to $52.5 Million

On Thursday, LendingPoint announced it closed an increase of its mezzanine financing, bringing the total of the facility to $52.5 million. LendingPoint reported that Paragon Outcomes Management LLC provided the financing that closed earlier this month and both companies have been building upon a successful relationship… Read More

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

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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

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