Lending

LendingPoint is a financial technology platform that originates unsecured personal loans to consumers across the United States, using proprietary artificial intelligence and data models to evaluate creditworthiness. Founded in 2014 and headquartered in Metro Atlanta, Georgia, the company operates in 42 states and reports more than $9.5 billion in total loans originated.

At the core of the platform is a credit-evaluation engine built on alternative credit scoring and data modelling, designed to look beyond traditional FICO assessments. The company states a mission to find more reasons to say "yes" to deserving borrowers. Technical work spans artificial intelligence, data modelling, fintech platform development and mobile application development.

The consumer product is a personal loan of $1,000 to $36,500, carrying a fixed interest rate of 7.99% to 35.99% APR over terms of 24 to 72 months. Alongside consumer lending, LendingPoint has extended its lending solutions to small businesses and to merchants through point-of-sale financing. The company describes its operating principles as transparent terms, responsible lending practices and a customer-focused approach.