LendingPoint is a leading online direct loan provider that offers personal loans to customers with credit scores between 600-700. The company is committed to redefining who is able to access money at fair rates and empowering consumers to build financial momentum.

LendingPoint operates as a non-bank direct lender that offers consumer installment loans.

LendingPoint was founded in 2014 by Tom Burnside, Franck Fatras, Victor J. Pacheco, and Juan E. Tavares. The company is based in Kennesaw, Georgia with an additional office in New York.

LendingPoint offers loans in the areas of debt consolidation, home improvement, credit card refinancing, vacations, medical bills, buying or repairing automobile, moving expenses, wedding, and home appliances. 

LendingPoint uses data, technology, and a scalable platform to deliver installment loan options to consumers and small business owners who have requested financial solutions directly or through thousands of merchant partnerships and integrated ecommerce platforms.

LendingPoint's LendingPoint Merchant Solutions platform provides ecommerce platforms, merchants and other service providers fully integrated, one-stop buy now, pay later financing solutions to convert more customers.

LendingPoint is backed by Warburg Pincus, Guggenheim Partners, Ares Management, & Guggenheim Securities. The company raised $125M in equity financing on Jan 14, 2021. This brings LendingPoint's total funding to $1.8B to date. LendingPoint has also acquired LoanHero on Jan 11, 2018

LendingPoint was named one of Inc. 5000’s list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked 9th on Deloitte’s 2019 Technology Fast 500 and in 2020 was honored as one of the top 40 fastest growing companies in Atlanta by ACG.