LendingPoint Launches Personal Financial Health and Management Tool

In honor of National Financial Awareness Day, new personal finance tool available to all LendingPoint customers via mobile app

LendingPoint, the AI-driven CreditTech platform that provides one-stop financing solutions for consumers, e-commerce and point of sale partners, and lending institutions, today announced the release of their personal financial health and management tool, now available for free to all LendingPoint customers within the mobile app.

Designed to help the 73% of American adults who have reported that money is their number one stressor in life, customers can now set financial goals, link accounts to analyze spending by category, receive valuable and customized real-time financial health insights, and track their financial habits against their peer set, all within the LendingPoint app.

"For many Americans, it's a challenge to digest and understand their current finances, let alone how to begin building good financial habits," said Tom Burnside, LendingPoint CEO and co-founder. "Our goal is to create a new financial ecosystem where consumers can access the resources they need for every step in their financial journey. Our personal financial health and management tool supports this mission with an engaging and easy-to-use financial management platform to help our customers understand, set and achieve financial goals and milestones."

LendingPoint has long been the lending partner of choice for a wide range of customers, including borrowers, small businesses, and merchants. Now, the app empowers these customers with customized financial insights to help simplify and improve their financial lives.

The introduction of this tool follows the launch of free credit score tracking and monitoring for LendingPoint customers within their mobile app in 2021. Further enhancements to the app are planned in the near future.

For more information about LendingPoint and their personal financial health and management tool, please visit lendingpoint.com or download the mobile app.

About LendingPoint

LendingPoint is an AI-driven CreditTech platform that provides financing origination solutions to consumers, for e-commerce and point-of-sale partners and lending institutions. The company's fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum. Its LendingPoint Merchant Solutions platform provides e-commerce platforms, merchants, and other service providers with fully integrated, one-stop financing solutions to convert more customers.

For the past four years, LendingPoint has been named to the Inc. 5000 list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked on Deloitte's Technology Fast 500 list in 2019, 2020, 2021, and 2022 and was honored as one of the top 40 fastest-growing companies in Atlanta by the ACG in 2019, 2020, 2021, and 2022. LendingPoint also was named one of the 2021 Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in metro Atlanta, with offices in San Francisco, New York, Chicago, Dallas, and Miami. LendingPoint, LLC owns and operates the LendingPoint platform.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230814784150/en/