1st Point Lending

LendingPoint is a financial technology company that provides unsecured personal loans to consumers. They utilize proprietary technology and algorithms to assess creditworthiness beyond traditional FICO scores, aiming to provide access to affordable loans for a broader range of individuals. The company has expanded into small business and merchant point-of-sale lending solutions.

Founded in 2015, LendingPoint's initial focus was on developing AI-driven credit models to identify deserving consumers who might be overlooked by traditional credit scoring methods. They have since evolved to include e-commerce and point-of-sale integrations, with a goal of creating a frictionless commerce experience for both consumers and merchants.

LendingPoint offers personal loans ranging from $1,000 to $36,500 with APRs from 7.99% to 35.99% and terms from 24 to 72 months. They emphasize personalized solutions, innovative products, and customer service.