KENNESAW, Ga.--(BUSINESS WIRE)--Data and technology platform LendingPoint today announced it placed No. 149 on Deloitte’s Technology Fast 500™, a ranking of the 500 most innovative technology companies that demonstrate passion and dedication in North America. The recognition is the company’s latest in a year that has seen LendingPoint included in multiple lists of companies on the rise and bolstered by new product and partnership announcements.
“We’re excited to be honored alongside some of the largest and admired technology companies on Deloitte’s Technology Fast 500 list for the second consecutive year,” said LendingPoint CEO Tom Burnside. "Our team’s commitment to innovation and to our customers has driven exceptional growth and allows us to continue our mission to democratize access to credit and accelerate commerce."
For the period 2016 to 2019, LendingPoint has seen revenue grow by 864%. So far in 2020, the company has been included in Inc. 5000 and the Atlanta Business Chronicle’s list of fastest-growing private companies in Atlanta. LendingPoint also announced its new, first-of-its-kind lending operating system, SDKn™, enabling e-commerce and point-of-sale merchants to offer a native and simple consumer credit approval experience to close more sales with just a few lines of code. Additionally, LendingPoint announced a partnership with eBay, eBay Seller Capital powered by LendingPoint, to provide up to $500,000 in financing to eligible sellers in as little as one business day.
"For more than 25 years, we've been honoring companies that define the cutting edge and this year's Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives," said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. "We congratulate this year's winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic."
"Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "We extend our congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible."
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 e-commerce 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.
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