Burnside: LendingPoint started with a ~10% cost of funds
Tom Burnside · LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans · Apr 7, 2022 · at 8:04
LendingPoint CEO Tom Burnside explains how the fintech startup secured its earliest credit facilities to fund consumer loans.
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“We started off at around a 10% cost of funds on our own.”
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