LendingPoint CEO Tom Burnside on the growth of PoS lending

LendingPoint
By Jennifer Kang
06 Aug 2020

Point-of-sale (PoS) and small business lender LendingPoint has experienced strong growth in recent years thanks to the growing segment of young consumers that prefer term loans over a credit card. Tom Burnside, co-founder and CEO of the company, spoke with GlobalCapital about why the industry is gaining traction and its upcoming plans for securitization.

PoS lenders allow consumers to take out small loans at the point of purchasing a product. LendingPoint, along with Affirm, are the only PoS lenders that have been able to tap the securitization market so far. With more investors becoming familiar with the asset class after each ...

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