Lendingpoint
“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?”
Founded2014
HQ1201 Roberts Boulevard #200, Kennesaw, GA 30144, United States
FoundersTom Burnside, Franck Fatras, Victor J. Pacheco, Juan E. Tavares
Total raised$1.9B
Latest roundPreferred Equity, 2021
IndustryFintech / Lending
The story
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.
Last 12 months
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Product timeline
2015
Launched first consumer personal loan product targeting near-prime borrowers (FICO 580–700).· lending
2015
Secured $100M credit facility from Ares Management to fund loan originations.· lending
2018
Acquired LoanHero to add point-of-sale financing capabilities for merchants.· acquisition
2021
Received $125M preferred equity investment from Warburg Pincus — first institutional equity in seven-year history.· pivot
2022
Launched AI CreditTech platform offering white-label digital personal lending for banks and credit unions.· lending
The stack
3 layers disclosed in Lendingpoint’s embedded-finance stack
Money movement
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: none
6 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.