KENNESAW, Ga.--(BUSINESS WIRE)--Inc. Magazine released the annual Inc. 5000 company rankings, recognizing LendingPoint amongst the nation’s fastest-growing private companies. LendingPoint, the data and technology platform dedicated to creating frictionless access to money whenever and wherever, joins this prestigious list along with other acclaimed brands that are being recognized for exceptional business growth in 2021.
Through 2020’s unprecedented challenges, LendingPoint showed great promise in a competitive market with its strong commitment to customer satisfaction and continuing to serve and support hundreds of thousands of consumers and merchant partners.
“This honor signals a continuation of the growing momentum LendingPoint’s platform sustained through a year of challenges across the globe. During a turbulent time, we remained committed to our customers, and were able to quickly position ourselves as a preferred financial partner when people needed us most,” said Tom Burnside, CEO of LendingPoint.
Drawing from years of experience, LendingPoint quickly adapted, remaining transparent and flexible throughout the pandemic; it established multiple channels of communication and offered mitigation options, including payment modifications to work with customers experiencing financial difficulties. As a result, the company was back to originating at pre-pandemic levels by July 2020, hitting record origination levels every month through year-end. By June 2021, LendingPoint increased originations on its platform by 61% compared to the second half of 2020, with 26% of Q2 2021 originations coming from returning customers.
“Our team understands that we only exist because of our loyal customers and because of that we will continue to build on our customer-powered culture guided by continuous data-driven improvement. Looking ahead, we will reinforce our continued growth through nonstop innovation using proprietary algorithms and technologies and aid our borrowers through our customer-first approach,” said Burnside.
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. Among the recipients, the average median three-year growth rate soared to 543%, and together, these companies added more than 610,000 jobs over the past three years. LendingPoint grew its full-time employee base over 30% in just the first six months of 2021.
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.
LendingPoint is a financial technology platform that provides financing origination solutions to consumers, for ecommerce and point of sale partners, and lending institutions. The company’s fraud prevention, risk and asset management algorithms are used to create financing opportunities across the credit spectrum. Its LendingPoint Merchant Solutions platform provides ecommerce platforms, merchants, and other service providers fully integrated, one-stop financing solutions to convert more customers.
For the past three years, LendingPoint has been 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 2019, 2020, and 2021. LendingPoint is a privately held company headquartered in Metro Atlanta, with offices in New York and California.
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The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.