KENNESAW, Ga.--(BUSINESS WIRE)--Inc. Magazine today ranked commerce platform LendingPoint No. 17 on its 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. LendingPoint joins companies such as Microsoft, Dell, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names who gained their first national exposure as honorees on the Inc. 5000. LendingPoint has hit successive funding records year-over-year and is on pace to reach $100 million per month in loan originations by the end of 2019.
“Our platform saw more originations in 2018 than in 2015, 2016 and 2017 combined,” says LendingPoint CEO Tom Burnside, “and at the same time our credit performance improved allowing us to facilitate more financing for consumers online and at the point of sale. We are incredibly grateful to our customers and proud of the LendingPoint team.”
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. Not only have the companies on this year’s list been very competitive within their markets, but the list as a whole shows staggering growth compared to years past. The 2019 Inc. 5000 achieved a three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor-in-chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
“Our mission is to revolutionize and democratize commerce for everyone,” says Burnside. “We started by using data and technology to provide access to credit to underserved populations, expanded to providing financing options at the point of sale to virtually everyone, and are now working on ways to integrate financing and payments with loyalty using blockchain to protect PII and enhance the customer experience. It has been quite a ride for the last three years, and we’ve only scratched the surface.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies will be featured in the September issue of Inc., available on newsstands August 20. All companies on the list will be honored during the annual Inc. 5000 event on October 10-12 at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona.
LendingPoint is a FinTech lending platform providing direct to consumer loans as well as product and service financing at the point of sale. The company is creating a better lending and borrowing experience by looking for more reasons to say “yes” -- helping consumers across the credit spectrum unlock access to affordable loans and live better financial lives. Its LendingPoint Merchant Solutions platform provides merchants, service providers and medical institutions a fully integrated, one-stop retail financing in-a-box solution to convert more customers at the point of sale. 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, one of the GA Fast 40 by the Atlanta Chapter of The ACG, and one of the Top Workplaces by the Atlanta Journal Constitution. Founded in 2014, LendingPoint is a privately held company headquartered in Kennesaw, Ga. with offices in New York City and San Diego. For more information, visit www.lendingpoint.com.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.