The new tool gives users customised financial insights that help them simplify and improve their financial lives. Customers can set financial goals, link accounts to analyse spending, receive customised real-time financial health insights, and track their financial habits against their peer set.

Tom Burnside, LendingPoint CEO and co-founder, said: “For many Americans, it’s a challenge to digest and understand their current finances, let alone how to begin building good financial habits.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

“Our goal is to create a new financial ecosystem where consumers can access the resources they need for every step in their financial journey”, Burnside said. “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.”

The recent launch follows the introduction of another tool tracking and monitoring clients’ credit scores.

LendingPoint launched in 2015, targeted at borrowers with poor credit histories.

In July 2023, the company closed a $900m, three-and-a-half-year forward flow committed purchase programme with an asset management firm partner.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Speaking at the time about the $900m deal, Burnside said it “illustrates the high level of confidence our financial institution and asset management partners have in the LendingPoint underwriting model.” He further noted the company’s strategy is “to stay hyper-focused on ensuring that we have the right programmes in place for our customers that create financial flexibility and a great customer experience no matter where they are in their financial journey.”

Last year, LendingPoint reported a 75% increase year-on-year in revenue.