LendingPoint is a financial technology platform founded in 2014, operating across 42 states in the United States. The company's core business centers on providing unsecured personal loans to consumers, with offerings that have since expanded into small business and merchant point-of-sale lending solutions. Its technology stack incorporates artificial intelligence and data modeling.
The personal loan product ranges from $1,000 to $36,500, carrying fixed interest rates between 7.99% and 35.99% APR, with repayment terms spanning 24 to 72 months. To date, the platform has originated over $9.5 billion in total loans.
Alongside consumer lending, LendingPoint provides lending solutions tailored to small businesses and to merchants at the point of sale. The company operates in the financial technology, consumer lending, small business lending, and point-of-sale financing verticals.
