KENNESAW, Ga.--(BUSINESS WIRE)--AI-driven CreditTech platform LendingPoint today announced it was named one of the fastest-growing companies in North America on Deloitte’s Technology Fast 500™ for the third year running. This achievement honors the companies that are transforming the way we do business, combining technological innovation and entrepreneurship, and disrupting the technology industry. The Fast 500 recognition is the company’s latest in a year that has seen LendingPoint honored on multiple lists featuring companies on the rise and bolstered by new partnerships, a satisfied and growing customer base of over 350,000, and record growth for H1.
“It is an honor to be listed alongside some of the most admired technology companies on the Deloitte Technology Fast 500™ list for the third year in a row, especially amid the pandemic which highlighted the essential need for tech solutions and agile support,” said LendingPoint CEO Tom Burnside. "Our growth was only made possible by our team’s continued commitment to innovation and to our customers. It would not be possible to grow at such a rapid pace without such a strong team supporting our mission to provide full credit spectrum lending to consumers and small businesses across the country.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
From 2017 to 2020, LendingPoint has seen revenue grow by 268%, while revenue growth in 1H 2021 increased 214.8% over 1H 2020 alone. Continuing momentum, LendingPoint was also recently named Best Financial Planning Software by Benzinga’s 2021 Global Fintech Awards. Earlier this year, LendingPoint announced the closing of its second rated consumer loan ABS issuance in 2021, increasing its total consumer loan ABS issuance amount to more than $3.6 billion. This record-breaking growth would not be possible without a rapidly expanding team, which grew over 40% since 2020.
About LendingPoint
LendingPoint is an AI-driven CreditTech 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 to Inc. 5000’s list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked on Deloitte’s Technology Fast 500 list in 2019, 2020, and 2021 and was honored as one of the top 40 fastest growing companies in Atlanta by the ACG in 2019, 2020, and 2021. LendingPoint also was named one of the 2021 Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in metro Atlanta, with offices in San Francisco and New York. LendingPoint, LLC owns and operates the LendingPoint platform.
About Deloitte
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