LENDINGPOINT
: AI-driven , CreditTech
“ Our algorithms give us access to credit that other people don ’ t have access to and we are able to do this profitably . This is big news in the FinTech industry where most of the players are not profitable . We are able to serve our customers and make money while we are doing it ,” said Kasibhatla speaking from his office in metro Atlanta , Georgia .
Founded in 2015 , LendingPoint recently surpassed US $ 4bn in loan originations this year . It was built on the principle of providing fair credit to people who had fallen through the FICO net but were deserving of credit to help with medical bills or home improvements . Since then , LendingPoint has broadened their customer base to serve FICO ranges between 575 – 850 , and added working capital financing options to small businesses .
“ At LendingPoint we provide unsecured personal loans for consumers across the credit spectrum , many of whom are people the more traditional banks don ' t pay attention to .
108 December 2021