Burnside: LendingPoint acquired a POS firm for 7-to-10-year loans
Tom Burnside · LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans · Apr 7, 2022 · at 19:24
Tom Burnside, CEO of LendingPoint, explains to Nathan Latka how an acquisition allowed the company to expand duration and enter medical and home improvement financing.
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“Well, we bought a point of sale company, and so things moved, changed a little bit when we bought the point of sale. We bought the point of sale company we were able to move to seven and 10 year paper for home improvement. So we're in the home improvement space and point of sale as well as medical.”
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