202114 Jan
LendingPoint Announces $125 Million Growth Investment from Warburg Pincus
Type
Funding Rounds
Funding
202114 Jan
$125MOthers
Source
Yahoo
Summary

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. Juan E. Tavares, Chief Strategy Officer & Co-Founder of LendingPoint continued, "As we refine and extend our product offerings, our new partnership with Warburg Pincus will help us fulfill our goal of creating a new category in financial services." Warburg Pincus has invested over $11 billion across the full spectrum of the financial services landscape, including insurance, banking, asset management, specialty finance, payments, and transaction processing. "LendingPoint’s unique use of data and technology and best-in-class lending platform has enabled it to scale rapidly by providing financial solutions and superior service to its expanding customer base," said Eric Friedman, Managing Director, Warburg Pincus. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.

Classifications
  • Point of Sale (POS)
  • Retail