KENNESAW, Ga.--(BUSINESS WIRE)--LendingPoint, a financial technology platform, was named one of Atlanta’s fastest-growing private companies by the Atlanta Business Chronicle, taking the 48th spot on the publication’s prestigious Pacesetter List. This marks LendingPoint’s fourth year on the list, a recognition that demonstrates the continuous growth achieved by the company’s seasoned management team. LendingPoint landed #7 in Atlanta’s fast-growing companies in 2020, #8 in 2019, and #1 in 2018.
The annual list ranks one hundred the fastest growing local companies based on their revenue and employee growth.
“LendingPoint is thrilled to be honored as one of the fast-growing organizations in Atlanta by the Atlanta Business Chronicle,” said Tom Burnside, CEO of LendingPoint. “Since 2015, we’ve simplified access to financial services and provided easy access to more products for the most people. Our team has dedicated itself to making LendingPoint a global leader in fintech, and we’re just getting started. Looking ahead, we’re eager to continue to grow, innovate, and delight our customers.”
To be eligible for this year’s Pacesetter list, Atlanta-based companies must be privately held and based in the 20-county metro Atlanta area, established in the first quarter of 2018 or earlier, have experienced a two-year growth in sales of more than 50%, and have 2020 revenues between $1 million and $300 million.
The Pacesetter recognition follows several major milestones for LendingPoint. In January, the company announced a $125 million preferred equity investment from Warburg Pincus, a leading global private equity firm focused on growth investing. In March, LendingPoint closed a $110 million mezzanine facility with Midcap Financial Trust and Apollo Investment Corporation. Moving forward, the company is focused on further improving the customer journey through investments in AI and user experience, enhancing its mobile experience, and continuing to scale its offerings to meet consumers where they are with the products they want.
LendingPoint is a financial technology platform that provides financing origination solutions for its ecommerce and point of sale partners, its lending institutions, and to consumers. The company’s fraud prevention, risk and asset management algorithms are used to create financing opportunities across the credit spectrum. Its Buy Now Pay Later 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.
For the past two years, LendingPoint was named one of Inc. 5000’s list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked on Deloitte’s Technology Fast 500 list in 2019 and 2020, and was honored as one of the top 40 fastest growing companies in Atlanta by ACG in those same years. LendingPoint is a privately held company headquartered in Metro Atlanta, with offices in New York and employees in nine states. LendingPoint, LLC owns and operates the LendingPoint platform. LendingPoint Consolidated, Inc. is the parent company of LendingPoint, LLC. www.LendingPoint.com.