Three-Year Revenue Growth of 267% Demonstrates a Sustainable Business Strategy Amid Challenging Fintech Landscape

Inc. Magazine today released its annual Inc. 5000 list, recognizing LendingPoint as one of the fastest-growing private companies in the nation for the fourth consecutive year in just seven years in business. This year, the AI-driven CreditTech platform was highlighted as the number 96 company in Atlanta, number 148 in financial services, and number 2,208 on the list overall amongst the full list of rapidly-growing brands positioned for success in the entrepreneurial landscape.

Amid a year that has seen challenges such as market volatility and inflation, LendingPoint has strategically scaled its business by forging strategic partnerships with banks and financial institutions and honing in on top-performing areas, including ABS markets.

“We’re honored to be named to this prestigious list alongside some of the nation’s most promising companies,” said Tom Burnside, CEO of LendingPoint. “Being named to the Inc. 5000 list for the past four years serves as a true testament to our sustainable business strategy, especially as we celebrate just seven years in business overall.”

LendingPoint attributes its success to its continued focus on the customer and timely product development around consumer needs. In 2021, LendingPoint saw a need for better access to money and introduced “Money On-Demand” to provide same-day funding. In addition, LendingPoint announced its first digital card partnership with a leader in the digital dentistry industry, which lets customers receive quick credit decisions and make instant payments all within a native mobile app experience. As proof of this winning strategy, LendingPoint has seen an 84% increase in multi-product customers from January 2021 to January 2022, a key performance metric and indicator of future growth.

The companies on the 2022 Inc. 5000 list have not only shown accelerated growth, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of the pandemic. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years. LendingPoint expanded its nationwide footprint and opened offices in Dallas, Texas and Chicago, Illinois.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

About LendingPoint

LendingPoint is an AI-driven CreditTech platform that provides financing origination solutions to consumers, for ecommerce and point of sale partners, and lending institutions. The company’s fraud prevention, risk and asset management algorithms are used to create financing opportunities across the credit spectrum. Its LendingPoint Merchant Solutions platform provides ecommerce platforms, merchants, and other service providers fully integrated, one-stop financing solutions to convert more customers.

For the past four years, LendingPoint has been named to the Inc. 5000 list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked on Deloitte’s Technology Fast 500 list in 2019, 2020 and 2021 and was honored as one of the top 40 fastest growing companies in Atlanta by the ACG in 2019, 2020, 2021 and 2022. LendingPoint also was named one of the 2021 Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in metro Atlanta, with offices in San Francisco, New York, Chicago and Dallas. LendingPoint, LLC owns and operates the LendingPoint platform.

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.

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