Atlanta-Based LendingPoint #17 on Inc. 500 List of Fastest Growing Private Companies in the USA

Inc. Magazine has ranked commerce platform LendingPoint No. 17 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. LendingPoint joins companies such as Microsoft, Dell, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names who gained their first national exposure as honorees on the Inc. 5000. LendingPoint has hit successive funding records year-over-year and is on pace to reach $100 million per month in loan originations by the end of 2019.
“Our platform saw more originations in 2018 than in 2015, 2016 and 2017 combined,” says LendingPoint CEO Tom Burnside, “and at the same time our credit performance improved allowing us to facilitate more financing for consumers online and at the point of sale. We are incredibly grateful to our customers and proud of the LendingPoint team.”

The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. Not only have the companies on this year’s list been very competitive within their markets, but the list as a whole shows staggering growth compared to years past. The 2019 Inc. 5000 achieved a three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.

“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor-in-chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”

“Our mission is to revolutionize and democratize commerce for everyone,” says Burnside. “We started by using data and technology to provide access to credit to underserved populations, expanded to providing financing options at the point of sale to virtually everyone, and are now working on ways to integrate financing and payments with loyalty using blockchain to protect PII and enhance the customer experience. It has been quite a ride for the last three years, and we’ve only scratched the surface.”

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