The buyer, Canada-based NextPoint Acquisition Corp., was formed in mid-June with the goal of buying businesses in the alternative lending and financial services sector. The sale is expected to close in the second quarter of this year and is dependent on NextPoint also completing the purchase of LoanMe, an online seller of consumer loans based in Anaheim, Calif. that has been criticized for its high-interest predatory loans in the past.
Virginia Beach s Liberty Tax to be sold for $243 million, will offer consumer loans through LoanMe dailypress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypress.com Daily Mail and Mail on Sunday newspapers.