LendingPoint, an Atlanta, GA-based financial technology platform, received a $125m equity investment from Warburg Pincus.
The company, which has raised more than $325m of equity to date, will use the proceeds to expand its financing solutions for its ecommerce, point of sale, and financial institution partners and further enhance its data and technology platform.
Led by Tom Burnside, CEO & Co-Founder, and Juan E. Tavares, Chief Strategy Officer & Co-Founder, 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.
The company’s fraud prevention, risk and asset management algorithms are used to create financing opportunities across the credit spectrum. Its 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.
From its first loan in 2015, through December 2020, the company has originated over $2.5 billion.
LendingPoint also has offices in New York.