Tagged: tom burnside

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 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

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

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