“Can a near-prime consumer lender become the AI-powered underwriting infrastructure that banks, credit unions, and merchants embed to say 'yes' to more borrowers?”
Founded in 2014 as a near-prime consumer lending fintech, LendingPoint bootstrapped for seven years before taking its first institutional equity from Warburg Pincus in 2021. The 2018 acquisition of LoanHero expanded its reach into point-of-sale and merchant financing. The company has increasingly repositioned itself as an AI CreditTech platform, licensing its underwriting and lending infrastructure to banks, credit unions, and merchant partners under a B2B2C model — evolving from a direct lender to an embedded lending platform.
Lendingpoint discloses First Electronic Bank / Coastal Community Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Lendingpoint does not disclose a bank charter of its own; its banking services are provided through First Electronic Bank / Coastal Community Bank.
Lendingpoint moves money over ACH.
The Embedded Finance Index 2026 maps 3 layers in Lendingpoint's stack: Money movement (ACH); Lending (Unsecured personal loans ($1,000–$36,500), Point-of-sale financing, Buy now pay later (LendingPoint Pay — 90-day 0% interest), White-label AI CreditTech platform for banks and credit unions and 1 other); Sponsor bank (First Electronic Bank / Coastal Community Bank).
Lendingpoint was founded by Tom Burnside, Franck Fatras, Victor J. Pacheco and Juan E. Tavares and is founded in 2014, headquartered in 1201 Roberts Boulevard #200, Kennesaw, GA 30144, United States.
Lendingpoint has raised $1.9B in total (latest round: Preferred Equity, 2021).
Get a read on where your own stack stands against Lendingpoint and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.