LENDINGPOINT
2015 year LendingPoint was founded
US $ 4 + bn in loan originations
60bn data points have been collected by LendingPoint on their consumers
99 % of credit applications to LendingPoint are digital
63 % of credit applications are mobile-first
“ BASED ON YOUR CREDIT PICTURE AND INFORMATION ON YOUR APPLICATION FORM , IT ONLY TAKES FOUR SECONDS TO GET LOAN OPTIONS ON THE LENDINGPOINT PLATFORM ”
KN KASIBHATLA CHIEF TECHNOLOGY OFFICER , LENDING POINT as digitisation with a human touch . The FICO score is now less than 5 % weight in our models as we work in non-traditional ways to measure somebody ' s ability to pay back .
“ The point-of-sale and e-commerce have evolved over time . It started directly with the consumer , then they came through a website , where they could apply for their loans and get money . But as our consumers ' needs started evolving we expanded into the areas popular with our consumers . We ' re very focused on providing access when they
178 December 2021