LendingPoint closes first revolving consumer loan ABS

By Jennifer Kang
22 Oct 2020

Online consumer lender LendingPoint has closed its first ever revolving loan ABS backed by non prime loans in a move to expand its presence in the securitization market.

The Georgia-based marketplace lender made its securitization debut in 2019, and has since grown its ABS program into a larger part of its overall funding pool. LendingPoint provides online personal loans and point of sale loans to retail and service providers through its Merchant Solutions platform. 

“The ...

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