LendingPoint, a financial tech platform, recently revealed that it had completed its largest securitization to date: LendingPoint 2021-A Asset Securitization Trust (“LDPT 2021-A”), which was “$542,360,000 in size, rated by KBRA, and backed by a pool of unsecured, direct-to-consumer loans.” As mentioned in a release,… Read More
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 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
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 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
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
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
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 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
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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