---
title: "Kennesaw-based FinTech Lending Startup Lands $125 Million in Growth Investment"
url: https://stacklist.com/card/97e67c07-cf0e-4fd6-b4bc-a93e3f5185d7
source_url: "https://hypepotamus.com/companies/b2c/kennesaw-based-fintech-lending-startup-lands-125-million-in-growth-investment/"
stack: https://stacklist.com/c/finance/stack/1c52e001-7c3e-4602-9b58-6b861b884a1f
summary: "LendingPoint, a Kennesaw-based fintech lending startup, secured a $125 million preferred equity investment from Warburg Pincus, marking its first external capital injection after two consecutive profitable years. The funding will be directed toward enhancing the company's data and technology platform, which uses machine learning and credit algorithms to provide personal loans and financing options up to $25,000."
tags: "fintech, lending, growth-investment, warburg-pincus, lendingpoint, startup-funding, machine-learning"
key_entities: "LendingPoint (organization), Warburg Pincus (organization), Tom Burnside (person), Eric Friedman (person), Kennesaw, Georgia (location), eBay (organization), fintech lending (concept), machine learning (technology), Hypepotamus (organization)"
classification: "notes"
content_hash: "sha256:c5f6451d72b35c29e0c06a17742ab3413795e23224a8250b8c2dcad02ffbaec6"
acp_version: "0.2"
token_counts_approximate: 787
visibility: public
agent_accessible: true
status: "final"
---

# Kennesaw-based FinTech Lending Startup Lands $125 Million in Growth Investment

Skip to content Home // Kennesaw-based FinTech Lending Startup Lands $125 Million in Growth Investment Kennesaw-based FinTech Lending Startup Lands $125 Million in Growth Investment Maija Ehlinger January 15, 2021 LendingPoint , based out of Kennesaw, Georgia, announced this week a $125 million preferred equity investment from Warburg Pincus . The investment comes at a unique time in the FinTech and lending industries. CEO Tom Burnside told Hypepotamus via email this is LendingPoint’s first external capital injection, which comes as the company recorded its second profitable year. “ We’ve been thoughtful about the decision to bring in an institutional investor. Until now, we’ve chosen to fund our growth via private investors within our networks,” said Burnside. “But today, changing consumer preferences have driven the fintech space to an inflection point. Today’s consumers want to go online and transact, whether it’s for a car loan or dental work. The industry is positioned to become a predominant force in the future of finance, and we believe we’re bringing the right products to market at the right time.” The investment will go towards the platform’s data and technology. LendingPoint has made a name for itself since its founding in 2014 by providing installment loan options to consumers and small businesses by using big data, machine learning, and credit algorithms to provide p ersonal loans and financing options up to $25,000. “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 of Warburg Pincus, in a statement. “We believe LendingPoint has substantial opportunities for continued growth and are excited to partner with Tom and his management team to execute on these opportunities, invest in new capabilities, and support their customers.” Over the summer LendingPoint partnered with eBay to provide installment loans to those on the platform looking to grow their online businesses. Burnside also told Hypepotamus about the changing FinTech space in 2021. “As more people choose to go online and transact, everything is moving digitally. Banks are trying to get to where fintech is – for example, LendingPoint has the data and technology to be able to say yes to 575 FICO and above, but banks’ technology is not up to speed. Our consumers can get approval in seconds, which banks cannot replicate.” “Looking ahead, we see 3-4 FinTechs becoming the next JP Morgan, as they continue to meet emerging needs more successfully than the traditional banking system.” Click here to sign up for the Hypepotamus newsletter, and you’ll get weekly emails covering the tech startup community in the Southeast, with all the latest jobs, news, events, and announcements. Prev Previous VC Firm With Investments in Slack, CrowdStrike & Other Success Stories Leads $18.5 M Series A Round In Atlanta-based DecisionLink Next New Investment Will Help Durham CleanTech Startup Improve How We Get Clean Water Next Maija Ehlinger View Posts