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U.S. Fintech LendingPoint Appoints Ashish Gupta As New Chief Risk Officer
LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, announced on Tuesday it has appointed Ashish Gupta as its new Chief Risk Officer. According to LendingPoint, Gupta will lead data science/AI, risk, fraud, and market modeling as well as pricing for LendingPoint’s direct-to-consumer and point of sale/e-commerce verticals. He has more than 15 years of experience in banking and fintech credit products. He recently was Chief Credit Officer of Proper. Prior to Prosper, he served as Senior Vice President and Director at Citigroup, Citi Retail Services. ....
LendingPoint Closes Up To $110 Million Mezzanine Facility with Midcap Financial Trust & Apollo Investment Corporation
LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, announced on Tuesday the closing of an up to $110 million, 5-year corporate mezzanine credit facility with new partners MidCap Financial Trust (MidCap), managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment Corporation (NASDAQ: AINV). Speaking about the facility, Tom Burnside, CEO of LendingPoint, stated: “We are delighted with the confidence in LendingPoint MidCap and Apollo have shown in entering into this 5-year facility. This relationship will be an important part of our growth strategy, enabling us to facilitate responsible credit and unlock the power of financial possibility for the greatest number of consumers and businesses as possible.” ....
Press release content from Business Wire. The AP news staff was not involved in its creation. LendingPoint Announces $125 Million Growth Investment from Warburg Pincus January 14, 2021 GMT ATLANTA (BUSINESS WIRE) Jan 14, 2021 LendingPoint, a financial technology platform, today announced a $125 million preferred equity investment from Warburg Pincus, a leading global private equity firm focused on growth investing. LendingPoint will use the proceeds to expand its financing solutions for its ecommerce, point of sale, and financial institution partners and further enhance its data and technology platform. LendingPoint believes everyone deserves to feel the power of financial possibilities. The company uses data, technology, and a scalable platform to deliver installment loan options to consumers and small business owners who have requested financial solutions directly or through thousands of merchant partnerships and integrated ecommerce platforms. From its firs ....
Click HERE to find out ⭐ LendingPoint Secures $125 Million Growth Investment From Global Private Equity Firm Warburg Pincus. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. ....