LendingPoint Lands in Top 10 of Atlanta Business Chronicle’s Pacesetter List of Fastest-Growing Atlanta Companies
Growing fintech disruptor ranked for third consecutive year
KENNESAW, GA, (August 18, 2020) — LendingPoint, the Atlanta-based company working to democratize credit and accelerate commerce by using big data, machine learning and best-in-class credit algorithms, was named the 7th fastest-growing private company in Atlanta by the Atlanta Business Chronicle.
This year’s recognition is the third consecutive placement for LendingPoint. The company moved up from 8th in the 2019 edition of the annual list, which ranks 100 local companies based on their revenue and employee growth. In 2018, LendingPoint won the Atlanta Business Chronicle’s Pacesetter Award, recognizing it as Atlanta’s fastest-growing private company.
“It’s a tremendous honor to be recognized in the top 10 fastest-growing private companies again. We consider this recognition a true testament to the economic opportunity that Atlanta offers local businesses,” said Tom Burnside, CEO of LendingPoint. “As a fintech platform, not only do we aim to revolutionize access to credit and create responsible solutions for our customers, but we also believe in the boundless potential of this city.”
To be eligible for this year’s list, Atlanta-based privately held companies must have had revenue between $1 million and $300 million in 2019 and have had two-year growth in sales of at least 50%. The Atlanta Business Chronicle uses a weighted index to allow it to compare the growth of different-sized companies against each other.
The Atlanta Business Chronicle recognition is the latest in a year of positive milestones for LendingPoint. In July alone, the company announced an exclusive partnership with eBay, introducing eBay Seller Capital powered by LendingPoint, and launched SDKn™, a first-of-its-kind lending operating system that can seamlessly integrate into existing payment processing platforms with just a few lines of code. The partnership with eBay provides eligible sellers working capital in as little as one business day. The instant decision engine will give eBay sellers access to multiple financial products including installment loans, working capital and lines of credit. This service is offered with flexible terms of up to 48 months to allow sellers to choose the best option for their specific budget needs.
LendingPoint, which issued its first loan in 2015, has originated more than $2 billion in consumer loans to date.
LendingPoint is a data and technology platform that enables origination of unsecured personal loans for financial institutions and for its own balance sheet. The company uses its data algorithms and technology to create better lending and borrowing experiences by finding more reasons to say “yes” — democratizing credit across the credit spectrum by unlocking access to affordable loans. Its LendingPoint Merchant Solutions platform provides e-commerce platforms and merchants and other service providers a fully integrated, one-stop financing solution to accelerate commerce by providing sellers with financing and also converting more customers at the point of sale. Its SDKn™ enables seamless integration of the entire LendingPoint Loan Operating System in apps and ecommerce platforms with just a few lines of code.
In 2019, LendingPoint placed 17th on Inc. 5000’s list of fastest-growing private companies in the US; ranked 9th on Deloitte’s 2019 Technology Fast 500; and the company’s CEO Tom Burnside was chosen as Entrepreneur of the Year Finalist Southeast by EY. LendingPoint was named in 2018 one of the nation’s best consumer loan companies by U.S. News & World Report, one of the Best Personal Loans by NerdWallet, and the fastest-growing private company in metro Atlanta by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in Kennesaw, Ga., with offices in New York and Nevada.