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LendingPoint Launches New Loan Flow Programs With First Issuance of Passthrough Securities Program

LendingPoint, the award winning, AI-driven fintech facilitating consumer credit origination and loan servicing, announced its closing of the first loan flow program established under a new passthrough securities issuance program.

The loan flow program marks the first loan sales since LendingPoint revitalized their loan marketplace offerings with a new management team and credit tiers spearheaded by Chief Financial Officer and interim CEO Mark Freeman and Chief Risk Officer Dan Shuntich. The passthrough securities are a simplified way for investors to access and manage LendingPoint personal loan investments while also having the operational ease of securities ownership.

“It is exciting to bring new investors into our platform and to have them see the progress we have made over the last year,” said Mark Freeman. “Our platform is poised to meaningfully scale our consumers access to credit and provide institutional investors an attractive entry point to consumer credit investments.”

Dan Shuntich stated, “Seeing new investor participation in our loan originations is testament to the resiliency of the platform and of our view that consumer credit performance continue to be an attractive investment.”

Performance Trust Capital Partners functioned as sponsor of the securities issuance.

“We are pleased to bring to market the first of a series of issuances for LendingPoint,” said Paul Limanni, Managing Director and Co-Head of Capital Markets at Performance Trust Capital Partners. “We believe LendingPoint has a compelling mix of credit and scale, and we look forward to helping more investors gain exposure to the platform.”

About LendingPoint

LendingPoint is an award-winning, AI-driven online loan origination and servicing platform that provides financing solutions for consumers and lending institutions. The company’s fraud prevention, risk, and asset management algorithms are used to create financial opportunity across the credit spectrum. In 2023, LendingPoint was recognized as the Best Consumer Lending platform by Finovate and was named to the Inc. 5000 list of fastest-growing private companies for four consecutive years. LendingPoint has been honored on Deloitte’s Technology Fast 500 annual list for five consecutive years and recognized as one of the top 40 fastest-growing companies in Atlanta by the ACG. LendingPoint has also been named one of the Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in metro Atlanta with an office in Dallas. LendingPoint, LLC owns and operates the LendingPoint platform. www.lendingpoint.com

Dan Shuntich stated, “Seeing new investor participation in our loan originations is testament to the resiliency of the platform and of our view that consumer credit performance continue to be an attractive investment.”

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