LendingPoint Raised 125 Million From Warburg Pincus
FinTech company LendingPoint has raised 125m Warburg Azevedofinledger. LendingPoint’s co-founders have a background in tech and finance. Azevedo and Broadhurst have experience in both fields. They helped to grow FinLedger into the go-to source of fintech news.
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LendingPoint raises 125m Warburg Pincusann Azevedofinledger from Warburg Pincus
125m Warburg Azevedofinledger has announced an investment in LendingPoint. The private equity firm specializes in growth investing. The new investment will help LendingPoint expand its financing solutions for its partners and enhance its data platform. The company provides finance origination tools to consumers and ecommerce businesses. The company’s technology platform has made it possible to lend over $2 billion to date.
The company, which launched in 2014, provides lending software to e-commerce merchants, lending institutions, and other customers. The new investment will help LendingPoint continue to expand its global footprint and expand its lending solutions. The new funding will also help LendingPoint develop its mobile app and invest in artificial intelligence and user experience.
LendingPoint expects to originate $2.5 billion worth of loans by the end of 2020. Its platform includes buy-now-pay-later financing options for small businesses and consumers. It has a strong team of engineers and technology experts that help businesses improve their online presence and offer better customer service.
Managing editor Mary Ann Azevedo joins FinLedger
Mary Ann Azevedo has been appointed Managing Editor of FinLedger, and she will work closely with HW Media CEO Clayton Collins to lead the publication’s news strategy and build a team of fintech journalists. She joined HW Media in June 2020 as the fintech editor of HousingWire, and was quickly identified as the right talent to launch FinLedger.
Mary Ann Azevedo is an experienced journalist with over two decades of experience in business journalism. She has worked at several publications including Crunchbase News, Crain’s, Forbes, and the Silicon Valley Business Journal. She has been recognized for her work, earning multiple awards.
Azevedo comes to FinLedger from the tech media site Crunchbase News. Previously, she covered startup financing and venture capital trends. She also worked as a reporter at the Silicon Valley Business Journal and Houston Business Journal. Her previous work experience has allowed her to develop her journalism skills.
LendingPoint founders have a background in finance and tech
LendingPoint is a financial services company that uses artificial intelligence and data models to provide access to credit for small businesses. Instead of using the three-digit Fair Isaac Corporation credit score traditionally used by banks, LendingPoint relies on algorithms and big data to determine whether a person is creditworthy and whether they can afford the loan. The company also takes a less-traditional approach to lending, making approval decisions in as little as four seconds.
The founders of LendingPoint have a background in finance and technology, and they are working on a unique credit scoring algorithm to make lending more accessible to borrowers with less than stellar credit scores. They have also partnered with eBay to provide loans to eBay users.