Tom Burnside
- Founder at LendingPoint
GetLatka interview
How LendingPoint Reached $330M Net Revenue and 300,000 Customers While Staying Profitable (Interview with Founder Tom Burnside)
Tom Burnside (Founder of LendingPoint) spoke to Nathan Latka on April 5, 2022.
LendingPoint figures from the interview
- Net Revenue (2021)
- $330M
- Active Customers (2022)
- 300,000
- Capital Deployed (2021)
- $2.1B
- Average Loan Size (2022)
- $11,000
- Net Promoter Score (2022)
- 86
“We started in that really that six sixty and under space just so we could try to understand them, give them a reasonable price and reasonable product and tell their story in a way that nobody else was telling it.”
“We have an 86 net promoter score. We work really hard on our customer to make sure that our customer is having a great experience because if they have a great experience, they come back.”
“The average transaction today is about 11,000, right? So it's moved from the five thousand days to about 11,000 today.”
Bio
Tom is a co-founder and the Chief Executive Officer of LendingPoint. Tom sees LendingPoint as a way to do well and do good simultaneously by protecting, nourishing, and growing each customer’s financial future. Tom brings over 25 years of experience and a wealth of industry knowledge to LendingPoint. An accomplished credit and financial services leader and trusted data scientist, Tom leads the rest of the team in serving our borrowers, our originating financial institutions, our merchants and other service providers while delivering predictable returns to our capital market partners.
Company
LendingPoint
Kennesaw, United States · Founded 2014
- Revenue
- $865.3M
- Funding
- $125M
- Team size
- 288
- Customers
- 300K