LendingPoint, an AI-driven fintech specializing in consumer credit origination and loan servicing, has completed the closing of the first loan flow program under its new passthrough securities issuance initiative.
This marks the first loan sales since LendingPoint revitalized its loan marketplace offerings, led by Chief Financial Officer and interim CEO Mark Freeman and Chief Risk Officer Dan Shuntich. The passthrough securities aim to simplify how investors access and manage investments in LendingPoint’s personal loans, offering operational ease associated with securities ownership.
Mark Freeman stated that the initiative is exciting for bringing new investors to the platform and showcasing progress over the past year. He added that the platform is positioned to significantly expand consumer access to credit while providing institutional investors an attractive entry point into consumer credit investments.
Dan Shuntich commented, “Seeing new investor participation in our loan originations is testament to the resiliency of the platform and of our view that consumer credit performance continue to be an attractive investment.”
Performance Trust Capital Partners served as the sponsor for this securities issuance. Paul Limanni, Managing Director and Co-Head of Capital Markets at Performance Trust Capital Partners, remarked, “We are pleased to bring to market the first of a series of issuances for LendingPoint.” He further noted, “We believe LendingPoint has a compelling mix of credit and scale, and we look forward to helping more investors gain exposure to the platform.”
LendingPoint is an AI-driven online loan origination and servicing platform that offers financing solutions for consumers and lending institutions. The company employs fraud prevention, risk, and asset management algorithms to facilitate financial opportunities across various credit profiles. In 2023, LendingPoint received recognition as the Best Consumer Lending platform by Finovate and has been listed on the Inc. 5000 list for four consecutive years. Additionally, LendingPoint has appeared on Deloitte’s Technology Fast 500 annual list for five consecutive years and was recognized by the ACG as one of Atlanta’s top 40 fastest-growing companies. The company has also been named one of the Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company with headquarters in metro Atlanta and an office in Dallas.
