LendingPoint Acquires LoanHero

Consumer lending company LendingPoint today announced that it has acquired LoanHero, a fintech platform for point-of-sale finance. Terms of the deal were not disclosed.

In combination with LendingPoint’s industry-leading credit underwriting and risk management expertise, LoanHero will help accelerate LendingPoint’s expansion into point-of-need and point-of-sale financing. LendingPoint will benefit particularly from LoanHero’s comprehensive and innovative merchant onboarding and reporting tools and installed merchant base.